Pent-up travel demand - which drove global travel recovery following the Covid-19 pandemic - is over, said Intercontinental Hotels Group CEO Elie Maalouf.
Q3 group RevPAR +12.8% vs 2019, with Americas +13.8%, EMEAA +17.5% and Greater China +9.3%
$15.2bn total gross revenue +29% vs 2022, +12% vs 2019
Q1 group RevPAR +33% vs 2022, with Americas +18%, EMEAA +64% and Greater China +75% - Q1 group RevPAR +6.8% vs 2019, with Americas +11.1%, EMEAA +9.7% and Greater China (9.1)%
IHG Reports Full Year Results to 31 December 2022
Q3 group RevPAR +28% vs 2021; +2.7% vs 2019, with Americas +6.8%, EMEAA (0.1)% and Greater China (20.0)%
The recovery in demand and pricing led to group profit more than doubling versus 2021, with profitability in the Americas now ahead of 2019. The EMEAA region also saw excellent improvement in performance.
Q1 group RevPAR up 61% vs 2021 and attaining 82% of 2019’s level - Average daily rate up 27% vs 2021 and in line with 2019
Significant improvement in trading, leading to Q3 group RevPAR (21)% vs 2019 (+66% vs 2020); Average daily rate attained in line with 2019 levels; occupancy of ~60% achieved