Intercontinental Hotels Group revealed that total revenue during the third quarter of 2010 increased by 5%, after the US$421 million recorded during that period of this year compared to US$401 million in the same period in 2009.Due to the increase in occupancy in regions such as Europe, the Middle East and Africa, the revenue per available room (RevPAR) indicator grew 8.1% thanks to the representative increase registered by China with 24.4%. In the Americas, the increase was 8%.
"The quarter saw a return to rate growth for the first time since early 2009, a clear indication that the recovery is picking up pace," said Chief Executive Andrew Cosslett, adding that "in the Americas, where RevPAR growth in the mid-segment began to accelerate, the most notable improvement was seen in the Holiday Inn brand. with more guests staying and paying more for the relaunched hotels."
A total of 2,815 are part of the Holiday Inn brand, which represents 82% of the chain's total.
