InterContinental Hotels Q1 Comparable RevPAR At CER Rises - Quick Facts

(RTTNews) - InterContinental Hotels Group PLC (IHG.L, IHG) reported Friday that its first-quarter global comparable RevPAR increased 1.5 percent at constant exchange rates, with rate up 1.0 percent and occupancy up 0.3 percentpts.

The company said the shift in timing of Easter into first quarter had an adverse impact across the industry, especially in the Americas and Europe, which it expects to reverse in second quarter.

In the Americas, RevPAR was up 1.9 percent. In the US RevPAR was up 1.5 percent.

Europe RevPAR was up 1.4 percent. Germany and Russia/CIS, two of our priority markets, delivered mid-single digit RevPAR growth. France was down 2.3 percent.

Asia, Middle East & Africa region's RevPAR was down 1.1 percent, while performance in the region outside the Middle East was strong, with 5.0 percent RevPAR growth overall. Japan and India delivered double digit RevPAR growth.

Greater China RevPAR was up 2.2 percent.

Richard Solomons, Chief Executive said, "Looking ahead, despite economic and political uncertainty in some markets, current trading trends and the momentum behind our brands give us confidence for the rest of the year."