ATLANTA—InterContinental Hotels Group’s (IHG) annual conference for hotel owners in the Americas region commences today, and the company is revealing details of revenue per available room (RevPAR) for IHG’s brands in the US and Americas for the third quarter 2013.
IHG’s comparable US RevPAR for the nine months to 30 September 2013 grew 4.5 percent, driven predominantly by rate up 2.9 percent. Third quarter US RevPAR growth was 3.5 percent, with rate up 2.5 percent. RevPAR growth of 1.6 percent in September was softer than the trend from preceding months, reflecting slower group business, as seen across the industry as a whole, following the earlier timing of certain holidays.
