InterContinental Hotels and Resorts (IHG) has reported a 10.5% rise in RevPAR (revenue per available room) – a key growth measure for hotels – for the third quarter of the year.
Travel demand increased across Europe, Africa, the Middle East and the Americas, with China seeing the best growth.
The group – which owns the InterContinental, Holiday Inn and Crowne Plaza chains – said its RevPAR was also up healthily against pre-Covid 2019 levels.
During the period, IHG opened 8,000 rooms, 50 hotels and added 17,000 rooms to its pipeline.
