IHG published the provisional results of the first half of 2019
They reflect the best performance of the company in the first semester for openings and signatures in more than a decade
At a high level, the results reflect the best performance of the company in the first half for openings and signatures in more than a decade, with a 5.7% increase in the growth of the size of the net system that takes us to more than 5,700 hotels worldwide (856 thousand rooms).
The CEO of IHG Global, Keith Barr, said: “Eighteen months ago, we established a series of strategic initiatives to boost and accelerate growth to new and ambitious levels. Our approach is based on strengthening our established brands, adding new brands in segments where there is opportunity and optimizing our offer to owners. In a slower growth environment of RevPAR, we have made significant progress, opening a record number of rooms in the first half of the year that have produced a 5.7% increase in the growth of the net size of the system, our best performance in more than a decade, with future growth backed by our higher level of projects signed during the same period.
In the first half of the year alone, we launched new design prototypes for Staybridge Suites and Candlewood Suites and developed our brand prototypes for Holiday Inn and Holiday Inn Express. We also developed six flagship properties for Crowne Plaza in the US. USA, Europe and China and we continue to take Hotel Indigo and Kimpton Hotels & Restaurants to new markets. Our new avid and voco brands are working well, we have already had more than 50 samples of interest for our newest brand, Atwell Suites, and we are well positioned to capitalize on a strong growth in the luxury segment with our Six Senses and Regent brands recently acquired. As we focus on ensuring that we operate and grow our business responsibly, we are proud to have committed to changing all the bathroom amenities of all IHG hotels to bulk presentation, in an effort to reduce waste and protect the environment. ambient.
Funded by our efficiency program, the investments we are making behind our strategic initiatives are driving accelerated room growth and position us well to achieve sustainable growth in the size of the net and industry-leading system in the medium term. While there are always macroeconomic and geopolitical uncertainties in some markets, our broad geographical distribution and the flexible and cash-generating nature of our business give us confidence in the outlook for the rest of the year".