InterContinental Hotels Group's third quarter 2011 report (as of September 30) presented strong results with an overall RevPAR of 6.4% and a growth rate of 2.8%.
Richard Solomons, chief executive of InterContinental Hotels Group PLC, said this growth was driven by the increase in revenue per available room (RevPAR) in China of 10.8% and 8% in the United States, the latter increase was influenced by the results obtained due to the relaunch of the Holiday Inn brand.
In the first nine months of the year, IHG posted profits of US$276 million, an improvement of 29% compared to 2010. Likewise, during the third quarter of 2011, the group obtained profits of US $105 million dollars, 34.6% compared to the same period of the previous year.
Solomons explained that although the economic environment remains uncertain, the group is confident in the future due to its flexible business, strong balance sheet and brand portfolio. He said IHG is now working on launching a program to reposition the strong performance of the Crowne Plaza brand.
