financeHotel Dive··1 min·For: Owner, GM, Revenue, Investor
IHG Reports Q1 US RevPAR Growth Amid Robust Demand
IHG Hotels & Resorts reported a positive first quarter with global RevPAR growth of 2.6%, bolstered by resilient travel demand and significant portfolio expansion.
Key Takeaways
- 1Monitor the 2.6% RevPAR increase in IHG's global portfolio, driven by significant growth in EMEAA and Greater China markets.
- 2Leverage increased demand for midscale and upscale brands, which contributed to a 1.2% RevPAR growth in the U.S. despite timing shifts in holidays.
- 3Prepare for continued expansion as IHG reports a 7% increase in system size, with 129 new hotel signings boosting the global pipeline.
Source: Hotel Dive
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