InterContinental Hotels Group announces third quarter Americas RevPAR growth at annual conference for hotel owners.
InterContinental Hotels Group's annual conference for hotel owners in the Americas region commenced Oct 28. Details of revenue per available room (RevPAR) for IHG's brands in the US and Americas for the third quarter 2013 and for the nine month period to 30 September 2013 will be disclosed at this conference and are tabled below.
IHG's comparable US RevPAR for the nine months to 30 September 2013 grew 4.5%, driven predominantly by rate up 2.9%. Third quarter US RevPAR growth was 3.5%, with rate up 2.5%.
RevPAR growth of 1.6% in September was softer than the trend from preceding months, reflecting slower group business, as seen across the industry as a whole, following the earlier timing of certain holidays.
Current trading trends give us confidence for the rest of the year and our strategy for high quality growth positions us well for continuing success into the future.
IHG's full third quarter Interim Management Statement will be released at 7am UK time on Tuesday 5 November.