LONDON, Oct 21 (AFP) : InterContinental Hotels Group on Tuesday booked rising quarterly revenues per room, buoyed by the United States, and expressed optimism over the annual outlook.
Global revenue per available room (RevPAR) -- a key industry measure-rose by 7.0 per cent in the third quarter, compared with a year earlier, the group said in a statement.
The performance was led by 8.4-per cent growth in the United States and 6.1-per cent growth in Europe.
RevPAR is calculated by multiplying a hotel's average daily room rate by its occupancy rate.
"We delivered our best quarterly RevPAR performance in over two years with growth in each of our four regions," said IHG chief executive Richard Solomons.
He added: "Whilst some of our markets face heightened uncertainty and risks, we continue to see strong momentum in the business and remain encouraged by current trading and positive booking trends."
InterContinental posts rising revenues
FE Team | Published: October 22, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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