FY18 global RevPAR was up +2.5% yoy, mainly driven by Greater China (+6.9% yoy), the Americas (+1.9%, 58% of total revenue), Europe (+2.7%). Reported operating profit came in at $816m (+7.7%), above the consensus expectations. The solid figures were mainly driven by the strong net system size growth of 4.8% yoy (to 837k rooms), led by G.China region which recorded 13.8K net new openings. On the back of the solid profit generation, the group has decided to raise the total annual dividend by 10
19 Feb 2019
Accelerated net growth in rooms
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Accelerated net growth in rooms
InterContinental Hotels Group PLC (IHG:LON) | 8,256 -5449 (-0.8%) | Mkt Cap: 13,560m
- Published:
19 Feb 2019 -
Author:
Jie Zhang -
Pages:
3
FY18 global RevPAR was up +2.5% yoy, mainly driven by Greater China (+6.9% yoy), the Americas (+1.9%, 58% of total revenue), Europe (+2.7%). Reported operating profit came in at $816m (+7.7%), above the consensus expectations. The solid figures were mainly driven by the strong net system size growth of 4.8% yoy (to 837k rooms), led by G.China region which recorded 13.8K net new openings. On the back of the solid profit generation, the group has decided to raise the total annual dividend by 10