IHG reported strong H1 15 figures revealing an 8% in sales growth and a 10% rise in underlying EBIT. The 9% growth in fee revenues was largely fuelled by a record level of signings since 2008 and the strong momentum seen in the boutique segment (net system size grew by 4.5%, +2.8% excluding Kimpton). Digital efforts were behind the 50% rise in mobile revenues. The 5.1% rise in RevPAR deriving from fee-based hotels (excl. Kimpton, owned and leased hotels and managed lease hotels) was driven by

15 Sep 2015
Low visibility in China and deceleration in the US

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Low visibility in China and deceleration in the US
InterContinental Hotels Group PLC (IHG:LON) | 8,636 -13817.6 (-1.8%) | Mkt Cap: 13,435m
- Published:
15 Sep 2015 -
Author:
Bérénice Lacroix -
Pages:
3 -
IHG reported strong H1 15 figures revealing an 8% in sales growth and a 10% rise in underlying EBIT. The 9% growth in fee revenues was largely fuelled by a record level of signings since 2008 and the strong momentum seen in the boutique segment (net system size grew by 4.5%, +2.8% excluding Kimpton). Digital efforts were behind the 50% rise in mobile revenues. The 5.1% rise in RevPAR deriving from fee-based hotels (excl. Kimpton, owned and leased hotels and managed lease hotels) was driven by