financeHotel Dive··1 min·For: Owner, GM, Revenue, Investor
IHG Q3 RevPAR Jumps 5.3% as U.S. Demand Surges
IHG Hotels & Resorts reported a 5.3% increase in global Q3 RevPAR, powered by robust U.S. performance where occupancy reached its highest level since 2017. Strong group travel and rapid brand conversions are accelerating net system growth targets for the full year.
Key Takeaways
- 1U.S. RevPAR rose 6.9% year-over-year with occupancy reaching 73.9%, driven by a 12% jump in group revenue.
- 2Conversions represented 50% of openings and 60% of signings, fast-tracked by brands like Garner and voco.
- 3IHG raised its full-year 2026 net unit growth forecast to 4.8%, up from the previous 4.2% projection.
Source: Hotel Dive
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