IHG reports 1.5% global Q3 RevPAR increase, driven by Europe & Asia, despite 10.3% China decline due to weather and timing. CEO Elie Maalouf remains optimistic.

Intercontinental Hotel Group (IHG), owner of Holiday Inn, reported a 1.5% increase in global revenues per available room (RevPAR) for Q3 2024, driven by strong demand in Europe and Asia. However, Greater China experienced a 10.3% decline due to adverse weather and holiday timing. CEO Elie Maalouf expressed optimism about meeting market expectations for the year. IHG opened 98 new hotels, reflecting ongoing expansion efforts.

5 months ago
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