>IHG First Quarter Results to 31 March 2010

Share Button

>Business headlines

Global constant currency first quarter RevPAR growth of 0.2%, including growth of 4.1% in March.

Asia Pacific was the strongest region reporting RevPAR growth of 10.0%, including a 22.2% increase in Greater China.

5,151 net rooms (38 hotels) added in the quarter, increasing total system size to 651,830 rooms (4,476 hotels).

9,872 rooms (82 hotels) added to the system, 4,721 rooms (44 hotels) removed in line with our quality growth strategy.

8,160 rooms (55 hotels) signed, taking the pipeline to 200,895 rooms (1,344 hotels).

Net debt of $1.1bn, down $0.2bn on the position as at 31 March 2009 and held flat on the position as at 31 December 2009.

Read More:

About the Author