InterContinental Hotels Group (IHG) reported that
third-quarter revenue per available room increased 4.8% due to a strong rebound
in Europe and continued strength in the Americas.
RevPAR in Europe and the Americas were up 7.8% and 4.3%,
respectively. Gains in those regions more than offset weakness in IHG’s greater
China region, particularly Hong Kong and Macau.
Greater China RevPAR fell 0.7% from a year earlier. In Hong
Kong and China, RevPAR declined more than 10%. In mainland China’, IHG said RevPAR grew 2.1%.
Brand-wise, the Crowne Plaza brand showed the most demand
growth, with a RevPAR increase of 7.7%. Hotel Indigo RevPAR advanced 6.3%,
while Holiday Inn and Holiday Inn Express RevPAR rose 4.1% and 3.7%,
Kimpton Hotels & Restaurants, which IHG acquired earlier
this year, had a 2.3% RevPAR increase.