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/ihgor 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
Interco. Hotels Grp IHG Third Quarter Americas RevPAR Growth Announcement
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