InterContinental Hotels Group PLC Announces Americas RevPAR Growth to 31 August 2008
September 23, 2008 // Franchising.com // InterContinental Hotels Group's ("IHG") annual conference for hotel owners in the Americas region commences this week. The revenue per available room (RevPAR) performance of IHG's brands in the Americas for August 2008 will be disclosed at this conference.
Details of RevPAR for IHG's brands in the Americas for July and August 2008, for the third quarter year to date and for the eight month period to 31 August 2008 are accordingly disclosed below.
Americas Comparable RevPAR July August July & August Eight months to
Growth (constant currency) 2008 2008 2008 31 August 2008
InterContinental 4.2% 3.3% 3.8% 5.0%
Crowne Plaza 2.8% 1.0% 1.9% 1.9%
Holiday Inn 0.5% (1.4)% (0.4)% 0.5%
Holiday Inn Express 3.5% 0.5% 2.0% 3.1%
Staybridge Suites 3.6% 1.1% 2.4% 3.5%
Candlewood Suites 4.0% 0.0% 2.0% 1.8%
Indigo 5.6% 4.3% 5.0% 11.3%
Total Americas 2.2% 0.0% 1.1% 2.0%
For further information, please contact:
* Investor Relations (Heather Wood; Catherine Dolton):
+44 (0) 1895 512 176
*Media Affairs (Leslie McGibbon; Emma Corcoran):
+44 (0) 1895 512 426
+44 (0) 7808 094 471
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, over 4,000 hotels and more than 590,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®, and also manages the world's largest hotel loyalty programme, Priority Club® Rewards with over 39 million members worldwide.
IHG has more than 1,700 hotels in its development pipeline, which will create 150,000 jobs worldwide over the next few years.
InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.
IHG offers information and online reservations for all its hotel brands at www.ihg.com and information for the Priority Club Rewards programme at www.priorityclub.com. For the latest news from IHG, visit our online Press Office at www.ihg.com/media