In H1 16, IHG posted a 2% rise in RevPAR lfl (vs 1.5% in Q1 15), still impacted by oil markets in the US (RevPAR -6.3% in Q2 16 in this market) and weakness in Paris (RevPAR-19.5%), the Middle East (RevPAR -8%) and Hong Kong and Macau (RevPAR -5% and -12% respectively). Prices were up by 1.4% (+1% in Q1 16) and occupancy by 0.4pts at a high level for example in US (70%). Underlying operating profit rose by 10% with a great performance in the Americas (profit +6% and operating margin at 63.9%
04 Aug 2016
A solid H1 performance
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A solid H1 performance
InterContinental Hotels Group PLC (IHG:LON) | 7,812 -1718.6 (-0.3%) | Mkt Cap: 12,745m
- Published:
04 Aug 2016 -
Author:
Bérénice Lacroix -
Pages:
3
In H1 16, IHG posted a 2% rise in RevPAR lfl (vs 1.5% in Q1 15), still impacted by oil markets in the US (RevPAR -6.3% in Q2 16 in this market) and weakness in Paris (RevPAR-19.5%), the Middle East (RevPAR -8%) and Hong Kong and Macau (RevPAR -5% and -12% respectively). Prices were up by 1.4% (+1% in Q1 16) and occupancy by 0.4pts at a high level for example in US (70%). Underlying operating profit rose by 10% with a great performance in the Americas (profit +6% and operating margin at 63.9%