InterContinental Hotels Group (IHG) eked out a 1% gain in global third-quarter revenue per available room (RevPAR), hampered by relatively modest progress in the U.S market.
In the Americas region, total RevPAR was flat for the third quarter as U.S. RevPAR declined 0.5% in the period. Canada, Mexico and the Latin America and Caribbean markets, however, helped buoy the region, reporting third-quarter RevPAR increases of 2.4%, 5.4% and 6.5%, respectively.
RevPAR was 2.5% for the quarter across IHG’s Europe, Middle East, Asia & Africa region, bolstered by third-quarter RevPAR growth of 4.3% in Continental Europe and a double-digit increase in RevPAR in Russia. IHG saw low single-digit RevPAR declines, however, across the Middle East and Australia.
Meanwhile, IHG continued to enjoy solid gains in Greater China, where RevPAR for the quarter was up 4.8%, fueled by 4.5% growth across the mainland region.