InterContinental Hotels Group (IHG) reported that first-quarter revenue per available room (RevPAR) rose 3% from a year earlier, primarily on room-rate increases.
Increased demand in the U.S., Asia and the Middle East offset lagging business in Europe.
IHG’s U.S. RevPAR rose 4.8%, with RevPAR at the Hotel Indigo and InterContinental brands advancing 11% and 8.6%, respectively. Growth at Holiday Inn and Holiday Inn Express was more subdued, at 3.7%.
Meanwhile, demand grew substantially at non-China hotels in Asia as well as at properties in the Middle East and Africa, where RevPAR rose 5.5%.
Such advances more than offset the effect of slower growth in China and decline in Europe. China RevPAR increased 1.8%, while RevPAR in Europe dropped 2.2% partially on increased U.K. hotel supply.
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