InterContinental Hotels Group PLC (IHG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Morning, everyone, from me, and welcome to IHG Hotel and Resorts conference call covering the 2025 first quarter trading update. I'm Stuart Ford, Senior Vice President and Head of Investor Relations at IHG, and I'm joined this morning by Ellie Maloof, our Chief Executive Officer, and Michael Glover, our Chief Financial Officer. Just to remind listeners on the call that in discussions today, the company may make certain forward-looking statements as defined under U.S. law. Please do refer to this morning's announcement and the company's SEC filings for factors that could lead actual results to differ materially from those expressed in or implied by any such forward-looking statements. For those analysts or institutional investors who are listening via our website, may I remind you that in order to ask questions, you will need to dial in using the details on page three of this morning's R&S release. The release, together with the usual supplementary data pack for the first quarter, can be downloaded from the results and presentation section under the investors tab on isgplc.com. Now over to Eli. Thank you, Stuart, and good morning, everyone. I'd like to start today by thanking our teams for what has been a very busy and productive start to the year across our business and another period that has really demonstrated the attractiveness and strength of our globally diverse footprint, despite heightened macro volatility. Rev Park continued to grow and on a global basis was up 3.3%. This was driven by both ADR, which was up 2.2%, and occupancy, which was up 0.6%. The growth was across all three drivers of stay occasions. Rooms revenue on a comparable hotel basis for leisure stays was up 2% globally. Business was up 3%, and groups were strongest, up 5%. In terms of system gr...