financeeHotelier··1 min·For: Owner, Investor, GM, Revenue
IHG Records Strong Q1 Growth in Americas Development Hub
IHG Hotels & Resorts has accelerated its Americas expansion with 65 new signings and nearly 6,000 rooms added to its pipeline in the first quarter. Performance was bolstered by strong RevPAR gains and the rapid growth of conversion brands like Garner and voco.
Key Takeaways
- 1Capitalize on a 30% year-over-year increase in pipeline additions, driven by high demand for conversions and the Suites segment.
- 2Monitor the rapid expansion of the Garner brand, which secured 14 signings and 8 openings in Q1 as part of a global 200-hotel pipeline.
- 3Leverage strong RevPAR growth across all IHG chain scales, fueled by a resurgence in business and group travel alongside steady leisure demand.
Source: eHotelier
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