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IHG posts marginal gains in half-year revenue per room

Hotels
James Chapple
6 August 2019

Holiday Inn and Crowne Plaza owner IHG on Tuesday (6 August) posted marginal gains in revenue per available room (RevPAR) during the first half of the year (H1).

IHG Logo.jpg

Group-wide, IHG RevPAR was up 0.1% for the six months to 30 June, while in its Europe, Middle East, Asia and Africa region, it was up 0.2% with the UK performing strongly.


Underlying operating profit increased 2% to $410 million, taking account of IHG’s acquisition of a 51% stake in Regent Hotels & Resorts last July.


UK RevPAR is up 2% year-on-year for the half, with London up 5% and the regions 1%. Second quarter RevPAR increased 4% in London and 1% regionally, which IHG has attributed to the Cricket World Cup (May 30 to 14 July).