Published on : Tuesday, November 5, 2013
Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said:“We have delivered a solid third quarter performance with RevPAR growth in all four regions, driven by our preferred brands.
RevPAR growth of 3.3% in the quarter was led by a strong performance in our Asia, Middle East and Africa region, up 5.4%. We have driven group RevPAR up 3.6% in the first nine months, with 4.4% in our largest region, the Americas.
We continue to develop our high quality pipeline which underpins our future growth plans. Signings of more than one hotel a day included two new hotels for our InterContinental brand, in London and Sydney, and our second owned hotel for EVEN Hotels.
Despite the ongoing challenges in some of our markets, current trading trends give us confidence for the rest of the year and our strategy for high quality growth positions us well for continuing success into the future.”
Source:-IHG
Tags: Hotel News, intercontinental hotels group plc, RevPAR, Richard Solomons, Third Quarter Interim Management Statement
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