>IHG First Quarter Results to 31 March 2009

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>Business headlines
Global constant currency RevPAR decline of 13.6%. IHG’s brands outperformed the industry in each of its three regions.
1,845 net rooms (36 hotels) added in the quarter taking total system size to 621,696 rooms (4,222 hotels).
12,440 rooms (98 hotels) added to the system, 10,595 rooms (62 hotels) removed in line with our quality growth strategy.
10,551 rooms (76 hotels) signed, taking the pipeline to 236,343 rooms (1,697 hotels).
Net debt of $1.3bn held flat on the position as at 31 December 2008.
Exceptional operating items of $26m relate to a $21m previously committed final payment into the UK pension fund and $5m associated with the Holiday Inn relaunch.

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