InterContinental Hotels Global Q3 Comparable RevPAR Up 7.0% - Quick Facts

(RTTNews) - InterContinental Hotels Group Plc (IHG, IHG.L) reported a strong third-quarter performance, with quarterly global comparable RevPAR growth of 7.0%.

The company's Chief Executive, said: "We delivered our best quarterly RevPAR performance in over two years with growth in each of our four regions. Performance in the US was particularly strong where RevPAR was up 8.7%, demonstrating the excellent momentum in the business and the success of our winning strategy. We continue to focus on enhancing our scale position and developing our high quality pipeline, opening 8k rooms in the period, signing 16k rooms into the system, and delivering solid net system size growth of 2.7%."

Americas' RevPAR grew by 8.4% in the third quarter and 7.5% in the first 9 months. In the U.S., RevPAR was up 8.7% in the third quarter and 7.5% in the first 9 months. In Europe, RevPAR went up by 6.1% in the third quarter and 5.3% in the first 9 months. With respect to Asia, Middle East & Africa, RevPAR increased by 4.4% in the third quarter and by 4.1% for the nine-month period. Greater China's RevPAR was up 0.8% in the third quarter and 3.0% in the first 9 months.