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  • Chidozie Uzoezie

IHG Records Positive First Quarter Result: The Highlights


IHG Hotels & Resorts has announced an update on the first quarter reports of its trading, with very positive trading conditions in the first quarter with travel demand continuing to increase in almost all of its key markets around the world.


The high level of demand recorded for leisure travel continues to drive increased rates and occupancy. The hotel group also continues to see a return of business and group travel, further supporting RevPAR improvements in many of its key urban markets.


As occupancy levels rise and due to the strength of its brands, its hotels are seeing increased pricing power; in March. The group’s hotels in the US achieved leisure rates up by more than 10% on 2019 levels and rate across the whole of the US business was 4% ahead.


Americas and EMEAA saw sequentially improved trading in February and March after a challenging January. Trading in Greater China continues to be impacted by restrictions put in place to control rising Covid cases.


IHG's strategic focus on strengthening and expanding its brand portfolio continues to drive growth. The hotel group signed 17 thousand rooms into its development pipeline in the first quarter, 15% more than in 2021.


Its pipeline of 278 thousand rooms increased 2.4%. Of the 120 hotels signed, there was a particularly strong performance in the Americas with a near-doubling of signings from 39 to 73.


Luxury & Lifestyle brands now account for around 20% of all signings, and following the completion of its quality review in 2021 there were 52 signings across the Holiday Inn brand family and 14 for Crowne Plaza, together up 22% on last year.


IHG's net system size is expanding, with progress being made towards its ambition of delivering an industry-leading level of net rooms growth.

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Comments (25)

Guest
Sep 21, 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

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Guest
Sep 30, 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

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kasarokcaesar
Oct 24, 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

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Guest
Nov 10, 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

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Guest
Nov 18, 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

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Guest
Dec 04, 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


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Guest
Dec 15, 2022

WoW. Amazing Review. 👍

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Guest
Jan 07, 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

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Guest
Aug 07, 2023
Replying to

Where is here.

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Guest
Jan 27, 2023

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Guest
Feb 27, 2023

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More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


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