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Dec 31, 2024
IHG Q3 2024 Earnings Report
Key Takeaways
IHG saw a solid quarter with system-wide RevPAR growth of 4.6% year-over-year. The company expanded its system size with a net addition of 40,922 rooms, reflecting strong demand across its portfolio. Despite challenges in Greater China, overall performance remained robust with improvements in both occupancy and ADR.
System-wide RevPAR increased by 4.6% YoY, with ADR rising by 2.5%.
System size grew by 4%, adding 40,922 net rooms.
Pipeline remains strong at 325,252 rooms, despite some regional challenges.
RevPAR growth was particularly strong in the Americas and EMEAA regions.
Forward Guidance
IHG expects continued expansion in 2025, with growth in RevPAR and system size driven by strong demand in key regions.
Positive Outlook
- Strong pipeline with 325,252 rooms, indicating future growth potential.
- Continued expansion in Americas and EMEAA regions.
- Robust demand for luxury and upscale brands, including Six Senses and InterContinental.
- Increased occupancy rates across key segments.
- Strategic investments in technology and guest experience expected to drive further growth.
Challenges Ahead
- Economic uncertainties may impact travel demand in certain markets.
- Greater China faces ongoing challenges with RevPAR declines.
- Cost pressures remain a concern for operational profitability.
- Some brands faced headwinds in growth due to regional market conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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