InterContinental Hotels Q3 US RevPAR Up 3.5% - Quick Facts

(RTTNews) - InterContinental Hotels Group Plc (IHG, IHG.L) Monday said comparable US RevPAR, or revenue per available room, for the third-quarter was up 3.5 percent, driven by rate up 2.5 percent. Hotel Indigo's comparable growth topped the list with 7.6 percent, while InterContinental reported a 6.2 percent growth. The rest of the hotels also reported a growth from last year. Total Americas comparable RevPAR growth was 3.7 percent in the three-month period.

RevPAR growth in September was 1.6 percent, softer than the before months, reflecting slower group business, as seen across the industry as a whole, following the earlier timing of certain holidays. For the nine-month ended September 30, the group reported US Comparable RevPAR growth of 4.5 percent, and in the Americas, comparable RevPAR growth was 4.4 percent.