Third Quarter Results to 30 September 2006
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Third Quarter Results to 30 September 2006
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Category: Worldwide -
This is a press release selected by our editorial committee and published online for free on 2006-11-16
Third Quarter Headlines
Continuing revenue up 10% from £183m to £202m, up 14% at constant exchange rates.
Continuing operating profit up 13% from £47m to £53m, up 21% at constant exchange rates.
Total operating profit, including discontinued operations, of £62m.
Franchised operating profit up 3% to £63m, up 7% at constant exchange rates. Managed operating profit up 18% to £20m, up 18% at constant exchange rates.
Adjusted earnings per share up 100% from 5.7p to 11.4p.
Total gross revenue from all hotels in IHG’s system up 9% to $4.1bn.*
Global constant currency RevPAR growth of 8.6%. Strongest growth in EMEA, up 11.6%, mainly driven by rate increases.
Room count increased by 2,773 rooms to 543,775 rooms. Pipeline now 143,606 rooms, up 13,506.
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