Keith Barr, IHG’s Chief Executive commented 2017 performances and announced future initiatives.
“We delivered a strong performance in 2017,” said Keith Barr, IHG’s Chief Executive regarding RevPAR growth by 2.7% and net growth in system size by 4.0%. It brought about an 8% increase in underlying operating profit and a 22% increase in underlying EPS.
According to him, this good result is partly due to having built a powerful and effective company in recent years which is fully asset light now.
In addition, Keith Barr announces a series of initiatives focused on redeploying and refocusing resources: reinforce IHG’s loyalty programme and existing brands, continue to promote digital and technological innovation, improve the franchise proposition, and add new brands when potential for growth is discovered.
Already signed up? Already signed up? Already signed up? Already registered? Login here!