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洲际酒店集团公布2024年第一季度财报

IHG Announces Financial Results for the First Quarter of 2024

PR Newswire ·  May 7 15:59

SHANGHAI, May 7, 2024 /PRNewswire/ -- Recently, IHG announced financial results for the first quarter of 2024.

Key data

  • Global revenue per saleable home (RevPAR) increased 2.6% year over year in the first quarter, with the American market falling 0.3%, the European, Middle East, Africa and Asia (EMEAA) growing ****%, and the Greater China market growing 2.5%.
  • The average daily housing price increased by 2.3%, and the occupancy rate increased by 0.2 percentage points.
  • The total system size increased 5.0% year over year and 0.7% year to date; about 6,300 new guest rooms (46 hotels) were opened in the first quarter, excluding Iberostar, which increased 11.1% year over year.
  • Net system size increased 3.4% year over year, up 0.0% year to date; excluding Iberostar, it increased 3.2% year over year and 0.0% year to date.
  • The global system has 946,000 guest rooms (6,368 hotels); 66% of them are in the middle and high-end hotel categories, and 34% are in the high-end and luxury hotel categories.
  • 17,700 guest rooms (129 hotels) were signed in the first quarter, up 7.1% year on year; the number of guest rooms under construction worldwide was 305 thousand rooms (2,079 hotels), up 6.6% year on year.
  • The 2024 $800 million share repurchase plan has been completed at $239 million, and the number of shares has been reduced by 1.4%.
  • An agreement was signed with NOVUM Hospitality in Germany in April, adding a total of 17,700 guest rooms (119 hotels), and the global system size increased by about 1.9%.
  • Adjust system funding arrangements to improve owners' economic efficiency and the growth of IHG's other business revenues.

Mu Anli, CEO of IHG (Elie Maalouf) The professor said: “In the first quarter of 2024, the Group's global RevPAR continued to grow by 2.6%, which fully demonstrates the strength of our global diversified layout. Among them, growth in the EMEAA region was particularly outstanding, with an increase of nearly 9%. Although the American market has recovered strongly, due to differences in the schedule of events such as holidays and major events, its performance was basically the same as last year; while Greater China achieved 2.5% growth and is expected to continue to benefit from the resumption of international inbound tourism this year. Furthermore, the global occupancy rate increased by 62%, the average daily housing price also increased by 2%, and prices remained strong, which fully reflected the overall recovery of leisure, business and group travel.

We opened more than 6,200 new guest rooms this quarter, totaling 46 hotels, and signed contracts for nearly 18,000 rooms, for a total of 129 hotels, increasing our number of hotels under construction by 6.6% year over year. Excluding Iberostar, the number of guest rooms opened increased 11% compared to the same period last year, and signed up 7%. Hotel rebranding accounted for more than 35% of the opening and signing of contracts this quarter, reflecting the appeal of our brand matrix and corporate platform. In April, we were pleased to announce an agreement with NOVUM Hospitality to double IHG's business in Germany through more hotel renovations and license changes, consolidating our leading position in local, inbound and outbound travel in priority markets such as Germany. The partnership will add up to 119 hotels (17,700 rooms) to the Group in the next few years, and bring 1.9% growth to the global system size. This further validates the strong appeal of joining IHG for hotel owners and boosts confidence in our net system growth prospects.

In a separate announcement issued earlier, IHG will adjust system funding arrangements to improve the financial situation of owners, while other business revenues that continue to grow will bring value through our growth model, which is in line with our strategic priorities. The comprehensive strength of our platform and efficient operating model will continue to drive the Group forward. We are confident about the future and will further demonstrate our strengths, scale and leadership position, and actively utilize the long-term demand drivers that are attractive to the market.”

*noteThis is a Chinese translation. If you have any objections, please refer to the original English text:

About IHG:

InterContinental Hotels Group [London Stock Exchange: IHG, NYSE: IHG (ADRs)] is the world's leading international hotel group, adhering to the corporate mission of “putting kindness first and treating guests with sincerity”.

IHG currently has 19 brands and operates one of the world's largest hotel loyalty programs. The newly upgraded IHGPrivilege Club. IHG has more than 6,300 hotels in more than 100 countries and regions around the world, and more than 2,000 hotels are under construction.

The IHG family of brands includes:

  • Luxury boutiques: Six Senses Hotels, Resorts & Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Continental Luxury, Indigo Hotels
  • High-end: voco hotels, Huayi hotels and resorts, Crowne Plaza hotels and resorts, Yiheng hotels
  • Quality: Holiday Inn Hotels & Resorts, Holiday Inn Express, Garner Hotels, Avid Hotels
  • Extended Stay: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, ****wood Suites
  • Exclusive partner: Iberostar Beachfront Resorts

InterContinental Hotels Group Limited is a group holding company founded in the UK and registered in England and Wales respectively. IHG has approximately 375,000 employees around the world, working in various hotels and group offices.

Welcome to get hotel and reservation information online, or learn more about the newly upgraded IHG Rewards Club. Visit the IHG Global News page to get the latest company news, or follow our official WeChat account: Intercontinental Views (ID: ihgview).

Cautionary note regarding forward-looking statements:

This press release contains certain forward-looking statements as defined by section 21E of the U.S. Securities and Exchange Act of 1934 and other laws. Forward-looking statements are generally not strictly related to historical or current facts, and can be identified by forward-looking terms such as “expectations,” “indicators,” “expectations,” “estimates,” “intentions,” “plans,” “goals,” “beliefs,” or similar terms. These statements are based on assumptions and assessments made by IHG management based on their experience and historical trends, current conditions, future development expectations, and other factors they deem appropriate. By their very nature, forward-looking statements are predictive and speculative, and involve risk and uncertainty. A number of factors may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. The “Risk Factors” section of IHG's annual report to the US Securities and Exchange Commission and Form 20-F describes key factors that may affect business and financial results.

The translation is provided by third-party software.


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