InterContinental Hotels delivers another spike in global room revenue

Strong growth from Asia, the Middle East and Africa saw the world's biggest hotelier, the InterContinental Hotels Group deliver another spike in global room revenue in the September quarter, albeit at a slower pace than the previous year.

Revenue per available room, a key industry measure referred to as RevPAR, rose 3.3% in the three months to September 30. That compared to 3.9% growth achieved in the third quarter of last year.

InterContinental Hotels Group (IHG) chief executive Richard Solomons described the result as a “solid third quarter performance"

In Australia, IHG currently has 30 hotels including the InterContinental, Crowne Plaza and Holiday Inn branded hotels. It recently signed the first Holiday Inn Express in Australia, which is expected to open in 2015. RevPAR in Australasia was up 3.9%, led by solid trading in Australia

Despite the ongoing challenges in some of our markets, current trading trends give us confidence for the rest of the year and our strategy for high quality growth positions us well for continuing success into the future," said Mr Solomons on the outlook.