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
