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IHG posts gross revenue growth

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Published on 18/02/14 - Updated on 17/03/22

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InterContinental Hotel Marseille

For the 12 months ending on December 31st, IHG posts an overall optimstic year, celebrating its tenth year as a standalone company with good underlying growth in revenues and profits. The group also grew in terms of having opened 237 hotels, and added a further 444 properties to its pipeline.Total gross revenue from hotels in the group's system was up 2% year-onyear, at $21.6 billion. This was achieved through a global RevPAR growth of 3.8%, with ADR up 1.8% year-on-year, and occupancy rate 1.3 points. Geographically, this was led by Africa, the Middle East and Asia.

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InterContinental Hotels Group

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  • InterContinental Hotels Group United Kingdom
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