Highlights
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●
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Q1 group RevPARa +33% vs 2022, with Americas +18%, EMEAA +64% and Greater China +75%
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●
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Q1 group RevPAR +6.8% vs 2019, with Americas +11.1%, EMEAA +9.7% and Greater China (9.1)%
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●
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Average daily rate +11% vs 2022, +10% vs 2019; occupancy +10%pts vs 2022, (2)%pts vs 2019
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●
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Gross system size growth +5.8% YOY, +0.9% YTD; opened 8.4k rooms (45 hotels) in Q1, ahead of 2022
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●
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Net system size growth +4.2% YOY on an adjustedb basis, +0.4% YTD
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●
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Global system of 915k rooms (6,179 hotels); 66% across midscale segments, 34% across upscale and luxury
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●
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Signed 16.5k rooms (108 hotels) in Q1, in-line with 2022; global pipeline of 287k rooms (1,906 hotels), +3.3% YOY
|
Keith Barr, Chief Executive Officer, IHG Hotels & Resorts, said:
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Regional performance
|
Share buyback update
|
UK local:
|
0203 936 2999
|
US local:
|
646 664 1960
|
All other locations:
|
+44 203 936 2999
|
Passcode:
|
55 38 39
|
UK local:
|
0203 936 3001
|
US local:
|
845 709 8569
|
All other locations:
|
+44 203 936 3001
|
Passcode:
|
31 28 26
|
Q1 2023 vs 2022
|
Q1 2023 vs 2019
| |||||
RevPAR
|
ADR
|
Occupancy
|
RevPAR
|
ADR
|
Occupancy
| |
Group
|
33.0%
|
10.7%
|
10.4%pts
|
6.8%
|
9.5%
|
(1.6)%pts
|
Americas
|
18.1%
|
9.1%
|
4.9%pts
|
11.1%
|
10.2%
|
0.5%pts
|
EMEAA
|
63.6%
|
20.0%
|
17.2%pts
|
9.7%
|
17.6%
|
(4.7)%pts
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G. China
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74.6%
|
16.9%
|
17.3%pts
|
(9.1)%
|
(6.2)%
|
(1.7)%pts
|
Q1 2023 vs 2022
|
Q1 2023 vs 2019
| |||||
CER (as above)
|
AER
|
Difference
|
CER (as above)
|
AER
|
Difference
| |
Group
|
33.0%
|
30.3%
|
(2.7)%pts
|
6.8%
|
4.0%
|
(2.8)%pts
|
Americas
|
18.1%
|
18.0%
|
(0.1)%pts
|
11.1%
|
10.5%
|
(0.6)%pts
|
EMEAA
|
63.6%
|
53.9%
|
(9.7)%pts
|
9.7%
|
1.8%
|
(7.9)%pts
|
G. China
|
74.6%
|
62.4%
|
(12.2)%pts
|
(9.1)%
|
(10.1)%
|
(1.0)%pts
|
2023 vs 2022
|
Jan
|
Feb
|
Mar
|
Group
|
40.8%
|
33.5%
|
27.2%
|
Americas
|
24.5%
|
18.3%
|
13.8%
|
EMEAA
|
84.0%
|
71.9%
|
44.5%
|
G. China
|
53.3%
|
54.2%
|
125.2%
|
2023 vs 2019
|
Jan
|
Feb
|
Mar
|
Group
|
4.2%
|
6.7%
|
9.2%
|
Americas
|
8.8%
|
11.0%
|
13.1%
|
EMEAA
|
8.2%
|
7.7%
|
13.0%
|
G. China
|
(16.6)%
|
(3.8)%
|
(6.6)%
|
System
|
Pipeline
| ||||||||
Openings
|
Removals
|
Net
|
Total
|
YTD%
|
YOY%
|
Adjusted YOY%b
|
Signings
|
Total
| |
Group
|
8,365
|
(5,064)
|
3,301
|
914,928
|
+0.4%
|
+3.4%
|
+4.2%
|
16,496
|
286,539
|
Americas
|
1,886
|
(2,619)
|
(733)
|
514,763
|
(0.1)%
|
+2.7%
|
+2.7%
|
5,431
|
102,837
|
EMEAA
|
5,393
|
(1,479)
|
3,914
|
233,578
|
+1.7%
|
+3.0%
|
+6.0%
|
5,156
|
81,304
|
G. China
|
1,086
|
(966)
|
120
|
166,587
|
+0.1%
|
+6.1%
|
+6.1%
|
5,909
|
102,398
|
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Disclaimer
IHG - Intercontinental Hotels Group plc published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2023 11:20:09 UTC.