IHG announced our First Quarter 2019 Provisional Results

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IHG announced our First Quarter 2019 Provisional Results
Keith Barr, IHG
Mon May 06, 2019

In Latin America and the Caribbean, RevPAR grew by 10% with a strong advance in Colombia, Brazil and Argentina

 


The net size of the system grew 5.4% year-on-year, with 12,000 rooms open (88 hotels - almost one per day), resulting in the total size of the system reaching 843,000 rooms (5,656 hotels).

IHG has had the highest number of contracts in 12 years: 24,000 rooms were signed (173 hotels - almost two per day), resulting in the size of the portfolio of projects under development reaching 279,000 rooms (1,916 hotels).

The comparable global RevPAR of the first quarter increased 0.3%, and the RevPAR of the Americas grew 0.8% with a good growth in the United States (+ 0.6%), where it exceeded the segments of the industry where the chain competes.

In Latin America and the Caribbean, RevPAR grew by 10% with strong growth in Colombia, Brazil and Argentina.

The firm continues to expand our portfolio of brands in segments and markets with important opportunities:

Now it has more than 180 signed avid hotels, including 12 hotels (1,200 rooms) signed in the first quarter of 2019, one of which is in Germany; There are almost 50 avid hotels currently under construction or with approved planning. We will also launch our hotel brand exclusively of upper middle class suites in the USA. UU at the end of this month.

IHG is seeing a strong momentum in the Crowne Plaza Workspaces with a new modern design and a dynamic meeting space that was introduced to our flagship Atlanta hotel. And voco is having a strong interest of the owners, with five hotels already open and another 12 signed since its launch last June. Additionally, the recent acquisition of Six Senses completes its offer in the upper level of luxury.

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