IHG Hotels & Resorts – which owns the Intercontinental Hotels, Crowne Plaza, Iberostar and Holiday Inn brands – has reported first quarter RevPAR (revenue per available room) growth of 2.6%, year-on-year.
The hotel group opened more than 6,200 rooms across 46 hotels during the three-month period and signed nearly 18,000 rooms across 129 properties to increase its pipeline by 6.6%, year-on-year. Compared to the same quarter last year, room openings rose by 11%.
Elie Maalouf, Chief…
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