Business
2025 First Quarter Trading Update
2025 First Quarter Trading Update.
About this update from Intercontinental Hotels Group Plc
[{"type":"text","content":"\n\n \n \nInterContinental Hotels Group PLC\n2025 First Quarter Trading Update\n8 May 2025\n \n\n\n\n\nGlobal RevPAR +3.3%, driven by globally diverse footprint and growth in each of Business, Leisure and Groups; strong quarter of development performance, with openings and signings well ahead of last year;\nwhilst at an early stage, on track to meet full year consensus profit expectations\n\n\n\n\n \n\nHighlights\n\n \n\n\n\n\n●\n\n\nQ1 global RevPAR +3.3%, with Americas +3.5%, EMEAA +5.0% and Greater China -3.5%\n\n\n\n\n●\n\n\nQ1 global rooms revenue on a comparable basis saw Business +3%, Leisure +2% and Groups +5%\n\n\n\n\n●\n\n\nAverage daily rate +2.2% and occupancy +0.6%pts\n\n\n\n\n●\n\n\nGross system size growth accelerated to +7.1% YOY, +1.5% YTD; opened 14.6k rooms (86 hotels) in Q1, more than double the same period last year\n\n\n\n\n●\n\n\nNet system size growth +4.3% YOY, 0.0% YTD (or +5.0% YOY and +0.7% YTD excluding the impact of removing rooms previously affiliated with The Venetian Resort Las Vegas); global system of 987k rooms (6,668 hotels)\n\n\n\n\n●\n\n\nSigned 25.8k rooms (158 hotels) in Q1, or 20.2k excluding the Ruby brand acquisition, compared to 17.7k in the same quarter last year; global pipeline of 334k rooms (2,265 hotels), +9.4% YOY\n\n\n\n\n●\n\n\n$324m of 2025's $900m share buyback programme completed to date, reducing the share count by 1.9%\n\n\n\n\n \n\nElie Maalouf, Chief Executive Officer, IHG Hotels & Resorts, said:\n\n \n\"We had strong trading performance and development activity for our world class brands in Q1, despite increased volatility in the macro environment. Global RevPAR grew +3.3%, reflecting the strength of our globally diverse footprint and increases across each of our three demand drivers of Business, Leisure and Groups. Americas RevPAR increased by +3.5% led by continued growth in the US, and our EMEAA region also had strong performance, up +5.0%. In Greater China, a -3.5% RevPAR reduction was similar to the previous quarter, as we came up against strong comparatives and further increases in outbound leisure travel.\n \nWe celebrated the opening of 14.6k rooms across 86 hotels in the quarter, well over double the same period last year. A strong signings performance of 25.8k rooms across 158 properties was also well ahead of 2024, ...