At the end of the first half of 2012 , InterContinental Hotels Group announced a net profit of US$186 million, an increase of 8.7% compared to the US$171 million it recorded in the same period of 2011.
A total of US$878 million was the income reported by IHG between January and June 2012, representing an increase of 3.2% in contrast to what was achieved in the same six months the previous year, when an income of US$850 million was recorded.
The hotel group announced through a press release that operating profit so far this year has been US$286 million, 6.3% more than in 2011 with US$269 million.
As reported by Richard Solomons, CEO of IHG, these are good results, thanks to the growth of total revenue per room (RevPAR) available from all regions through earnings, both in occupancy and rate.
RevPAR increased by 6.5%, due to strong growth in China (9.7%) and Europe, the Middle East and Africa (7.9%).
Solomons said that thanks to the optimization of assets, the company will return to shareholders US$ 1,000 million of capital, highlighting the benefits obtained after the elimination of the InterContinental New York Barclay.
