International. InterContinental Hotels Group (IHG) presented its interim financial results for the first half of the year. According to figures shared by the hotel chain, IHG performed strongly in the first half of the year, with revPAR (revenue per available room) growth in all regions.
Comparable global RevPAR increased by 5.1% during the first half of the year globally. In the Americas region, RevPar growth increased by 5.4%. In addition, the chain signed contracts for 231 (41,000 rooms) new properties, representing a contract for new hotels per day on average.
"We had a performance with very strong contract signings, with the best first half of the year contracts since 2008. IHG now has 214,000 rooms in its development project, of which nearly 100,000 are under construction, the most in our history," the report said.
As for its different brands, the performance of the Holiday Inn hotels stands out, which were the subject of the largest number of new contracts during the period indicated. "Both our established and new brands enjoy significant momentum. Holiday Inn has made considerable progress since the global renewal of the brand. Our boutique portfolio continues to grow; Hotel Indigo has tripled its presence in three years and we have opened five Kimpton hotels since January."
