IHG released Q3 15 results in line with our expectations but confirmed the worsening trends in China noticed since the beginning of the year. Europe performed strongly along with the US, despite some deceleration this quarter in RevPAR for the latter. Group RevPAR decelerated this quarter with a 4.8% rise yoy at CER (vs +5.8% in H1 and +5.1% in 9m), on the back of stronger rates (+3.6%) but penalised by a dull China (RevPAR was down by 0.7% vs +0.6% in Q2 and +1.5% in H1). Despite strong tier
21 Oct 2015
Strong US and Europe but worsening China
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Strong US and Europe but worsening China
InterContinental Hotels Group PLC (IHG:LON) | 7,879 -6775.9 (-1.1%) | Mkt Cap: 12,829m
- Published:
21 Oct 2015 -
Author:
Bérénice Lacroix -
Pages:
3
IHG released Q3 15 results in line with our expectations but confirmed the worsening trends in China noticed since the beginning of the year. Europe performed strongly along with the US, despite some deceleration this quarter in RevPAR for the latter. Group RevPAR decelerated this quarter with a 4.8% rise yoy at CER (vs +5.8% in H1 and +5.1% in 9m), on the back of stronger rates (+3.6%) but penalised by a dull China (RevPAR was down by 0.7% vs +0.6% in Q2 and +1.5% in H1). Despite strong tier