The slower corporate demand due to the ongoing trade war between the US and China, along with accelerated capacity growth, have continued to drag down the RevPAR growth in these two countries. The top-line growth was mainly supported by the higher than expected net system size growth. The accelerated size expansion should help the group continue to gain the market share during the market downturn.
06 Aug 2019
Continued deceleration in RevPAR growth offset by strong net system size expansion
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Continued deceleration in RevPAR growth offset by strong net system size expansion
InterContinental Hotels Group PLC (IHG:LON) | 8,288 -1657.6 (-0.2%) | Mkt Cap: 13,613m
- Published:
06 Aug 2019 -
Author:
Jie Zhang -
Pages:
3
The slower corporate demand due to the ongoing trade war between the US and China, along with accelerated capacity growth, have continued to drag down the RevPAR growth in these two countries. The top-line growth was mainly supported by the higher than expected net system size growth. The accelerated size expansion should help the group continue to gain the market share during the market downturn.