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Interco. Hotels Grp IHG Third Quarter Americas RevPAR Growth Announcement



  Interco. Hotels Grp (IHG) - Third Quarter Americas RevPAR Growth
  Announcement

RNS Number : 3647P
InterContinental Hotels Group PLC
24 October 2012
 



24 October, 2012

  InterContinental Hotels Group PLC announces Third Quarter Americas RevPAR
                 Growth at Annual Conference for Hotel Owners

 

InterContinental Hotels Group's ("IHG") annual conference for hotel owners  in 
the Americas region commences  today.  Details of  revenue per available  room 
(RevPAR) for  IHG's  brands  in the  US  and  Americas for  July,  August  and 
September 2012, for the third quarter 2012 and for the nine month period to 30
September 2012 will be disclosed at this conference and are tabled below.

 

IHG comparable US RevPAR for the nine  months to 30 September 2012 grew  6.3%, 
driven predominantly by  rate up  4.3%.  Third  quarter US  RevPAR growth  was 
slightly softer at 4.6%, with 4.0% rate growth, reflecting the shift in timing
of certain  holidays  which  adversely  impacted  results  in  both  July  and 
September.  

 

The US  industry continues  to benefit  from a  favourable supply  and  demand 
dynamic.  Supply growth remains  well below historic  levels and the  industry 
has broken monthly records for room nights  sold in each of the past  nineteen 
months, although the pace of demand growth is expected to continue to slow.

 

IHG's full  third quarter  results  will be  announced at  7am  UK time  on  6 
November when further commentary will be provided.

 

 

US Comparable RevPAR Growth (constant    July August  Sept   Third Nine months
currency)                               2012¹   2012 2012² Quarter  to 30 Sept
                                                              2012        2012
InterContinental                         8.3%  10.1%  6.9%    8.4%        8.7%
Crowne Plaza                             5.1%   6.5%  2.0%    4.5%        5.6%
Holiday Inn                              4.7%   6.5%  3.8%    5.0%        6.4%
Holiday Inn Express                      3.7%   5.6%  2.5%    4.0%        6.6%
Staybridge Suites                        3.3%   3.9%  3.0%    3.4%        3.9%
Candlewood Suites                        3.8%   4.2%  2.3%    3.4%        3.5%
Hotel Indigo                             9.2%  12.1%  4.7%    8.6%       11.0%
Total US                                 4.4%   6.1%  3.1%    4.6%        6.3%

Note:

¹ July results were adversely impacted by the mid-week timing of the July 4^th
holiday.

² September results were adversely impacted by the change in timing of certain
religious holidays, with some corresponding benefit expected in October.

 

 

 

 

 

Americas Comparable RevPAR Growth        July August  Sept   Third Nine months
(constant currency)                     2012¹   2012 2012² Quarter  to 30 Sept
                                                              2012        2012
InterContinental                         9.5%  10.4%  6.3%    8.6%        9.3%
Crowne Plaza                             5.1%   6.1%  2.1%    4.4%        5.5%
Holiday Inn                              4.0%   6.5%  3.9%    4.8%        6.2%
Holiday Inn Express                      3.6%   5.7%  2.4%    3.9%        6.5%
Staybridge Suites                        3.5%   3.8%  3.0%    3.4%        3.8%
Candlewood Suites                        3.7%   4.2%  2.3%    3.4%        3.5%
Hotel Indigo                             8.8%  11.2%  3.5%    7.8%       10.2%
Total Americas                           4.3%   6.2%  3.2%    4.6%        6.3%

Note

¹ July results were adversely impact by the mid-week timing of the July 4^th
holiday

²September results were adversely impacted by the change in timing of certain
religious holidays, with some corresponding benefit expected in October.

 

For further information, please contact:

Investor Relations (Catherine Dolton,  +44 (0)1895 512 176
Isabel Green):
Media Relations (Yasmin Diamond, Kari +44 (0)1895 512 299  +44 (0)7770 736 849
Kerr):

 

Notes to Editors:

 

IHG (InterContinental Hotels  Group) [LON:IHG,  NYSE:IHG (ADRs)]  is a  global 
organisation with  nine  hotel  brands including  InterContinental®  Hotels  & 
Resorts, Hotel Indigo®, Crowne  Plaza® Hotels &  Resorts, Holiday Inn®  Hotels 
and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®,  as 
well as our two newest brands, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG
also manages  Priority Club®  Rewards,  the world's  first and  largest  hotel 
loyalty programme with over 67 million members worldwide.

 

IHG franchises,  leases, manages  or  owns over  4,500  hotels and  more  than 
666,000 guest rooms in  nearly 100 countries and  territories. With more  than 
1,000 hotels in its development pipeline, IHG expects to recruit around 90,000
people into additional roles across its estate over the next few years.

 

InterContinental Hotels  Group  PLC is  the  Group's holding  company  and  is 
incorporated in Great Britain and registered in England and Wales.

 

Visit www.ihg.com for hotel information and reservations and
www.priorityclub.com for more on Priority Club Rewards. For our latest news,
visit www.ihg.com/media, www.twitter.com/ihgplc, www.facebook.com/ihg or
www.youtube.com/ihgplc.

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
MSCPGGWCUUPPGAW -0- Oct/24/2012 06:00 GMT
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