Dow Jones Newswires: InterContinental Hotels Group RevPAR climbs 28% from a year ago

InterContinental Hotels Group PLC stated Friday that its earnings per readily available space increased 28% on year in the 3rd quarter which it was 2.7% greater than the equivalent duration in 2019.

The FTSE 100 hotel chain IHG, -2.65% IHG, -0.97% stated RevPAR efficiency in the Americas was well ahead compared to 2019 and the EMEAA area was back to broadly flat on2019 Improvements in Greater China showed the lifting of a few of coronavirus-related travel limitations, however the capacity for additional lockdowns there stay, IHG stated.

Third-quarter RevPAR was 6.8% greater than 2019 levels in the Americas, 20% listed below in Greater China, and 0.1% lower in EMEAA– that includes Europe, Middle East, Africa, Asia and Oceania.

The typical day-to-day rate for the duration was 13% greater than 2021 and 11% greater than 2019.

” Strong trading in the 3rd quarter assisted our group-wide RevPAR surpass prepandemic levels. Leisure remains saw spaces profits boost 12% on 2019, while the continuous return of company and group travel has actually been developing each quarter through the year,” Chief Executive Keith Barr stated.

In a different statement likewise Friday, the business stated that Paul Edgecliffe-Johnson will step down as primary monetary officer.

Write to Kyle Morris at kyle.morris@dowjones.com

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