IHG sees hotels hit by terrorism bounce back as UK reports 4% revpar rise

20 October 2017 by
IHG sees hotels hit by terrorism bounce back as UK reports 4% revpar rise

Revenue per available room (revpar) at InterContinental Hotels Group's (IHG) UK hotels stood at 4% for the third quarter of 2017.

In a trading update, the hotel group said that London revpar was up 3%, while it was 5% up in the provinces. Globally revpar was up 2.3% across its 5,272 hotels.

Markets which had been hit following terrorist attacks had bounced back ,with revpar growth of 6% in France and double digit growth in Belgium and Turkey.

InterContinental Hotels Group chief executive Keith Barr said: "We have delivered a good third quarter performance; revpar increased by 2.3% and net rooms growth of 4.1% was our strongest since 2010. We also signed hotels into our pipeline at the fastest third quarter rate since 2008, and have made an excellent start with our plans to accelerate the growth of our brands around the world."

He added that despite macro-economic and geopolitical uncertainties around the world, IHG remained confident in the outlook for the remainder of the year.

IHG introduces Avid as new mid-scale brand >>

Angela Brav to step down as IHG's boss in Europe >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking