กรุงเทพฯ--10 ส.ค.--Spark Communications
*** IHG 2012 Interim Results Announced ***
IHG Half Year Results announcement demonstrate strong performance — growth in rate, RevPAR, occupancy and market share in all regions including South East Asia and Greater China
RevPAR increased 7.9%, with 2.2% rate growth and second quarter RevPAR increased 8.8% with 2.7% rate growth. Trading was strong across the region, with most markets showing good RevPAR growth, reflecting economic growth in Southeast Asia, continued recovery from the natural disasters last year, and stronger trading in some markets in the Middle East.
IHG signed 1,395 rooms (6 hotels) in the half, including 2 InterContinental hotels (625 rooms). 1,868 rooms (7 hotels) were opened, mostly with the InterContinental and Crowne Plaza brands, including the 197 room InterContinental Danang Sun Peninsula Resort hotel in Vietnam, the first Crowne Plaza Resort for the region in Thailand and the first Holiday Inn Express hotel for Southeast Asia, in Bangkok.
IHG Performance underpinned by strength of brands and owner relationships
Holiday Inn continues to outperform, growing RevPAR premiums to the upper midscale segment in the US over the past 5 years by 6% pts for Holiday Inn and 5% for Holiday Inn Express For the second year running in 2012, Holiday Inn has been awarded the J.D. Power and Associates Award for highest in guest satisfaction among midscale full-service hotel chains Hotel Indigo shows strong growth in first half with 8 hotel openings and 10 signings Crowne Plaza repositioning underway with completion expected by end of 2015 HUALUXE Hotels and Resorts signed 8 hotels since brand launch in March, including hotels in Beijing and Shanghai, as well as emerging business and leisure destinations across the country EVEN Hotels address unserved market segment with wellness proposition, will invest $150m Capex over 3yrs
Quote from Richard Solomons, Chief Executive of Intercontinental Hotels Group PLC
“We have delivered good results in the first half with RevPAR growth from all regions through gains in both occupancy and rate. Our brands continue to perform well and we have achieved solid underlying margin growth, resulting in increased profits and strong cash flows.
We continue to invest for growth, strengthening both our existing and our new brands, including EVEN Hotels and HUALUXE Hotels & Resorts. While the global economic environment remains uncertain, IHG continues to trade well and we are confident that our strategy will deliver high quality growth into the future.”
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