Global RevPAR in the first quarter of 2024 continued to grow, up +2.6%, reflecting the strength of our globally diverse footprint. There was an impressive performance in EMEAA which was up nearly +9%. The Americas, having already recovered very strongly, was broadly flat due to some adverse calendar timing, and Greater China grew by +2.5% and will continue to benefit from returning international inbound travel this year. Global occupancy moved up to 62% and average daily rate increased by a further +2% as pricing remained robust, reflecting the complete return of leisure, business, and group travel.
LONDON BRIEFING: InterContinental Hotels makes first-quarter progress lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
IHG Hotels & Resorts 1Q revenues up 2.6% hotelmanagement.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hotelmanagement.net Daily Mail and Mail on Sunday newspapers.