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InterContinental Hotels Group PLC: 2013 First Quarter Interim Management Statement (United Kingdom)

Solid trading and progress on asset sales

InterContinental Hotels Group PLC: 2013 First Quarter Interim Management Statement (United Kingdom)

Solid trading and progress on asset sales

Category: Europe - United Kingdom - Industry economy - Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2013-05-09

Highlights

- Global Q1 RevPAR growth of 3.1%, driven by 2.0% average daily rate growth.
- System size up 1.9% year on year to 674k rooms as at 31 March.
14k rooms signed in Q1, taking the pipeline to 176k rooms at the quarter end.
- Loyalty scheme renamed as IHG Rewards Club, which will offer enhanced benefits including free internet for all members, an industry first.
- InterContinental London Park Lane disposal completed for $469m gross cash proceeds, with management contract secured for up to 60 years.

[Read the full press release ]

More about...

InterContinental Hotels Group
Broadwater Park
Denham
UB9 5HJ Buckinghamshire
Royaume-Uni
Website