IHG logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTER
Feb 17 (Reuters) – InterContinental Hotels Group reported fourth quarter global revenue per available room above market expectations on Tuesday, as growth in Europe, Middle East and Asia Pacific markets offset weakness in U.S.
Leisure travel trends have softened in the United States as cost‑conscious consumers rein in spending amid a tough and uncertain economic backdrop, leading to a third consecutive quarterly decline in U.S. revenue per available room for IHG, the owner of brands such as Holiday Inn and Avid Hotels.
“Looking ahead to 2026, less turbulent trading conditions in the US and stronger demand are expected for the industry,” Chief Executive Elie Maalouf said in a statement.
Revenue per available room in U.S., its largest market, fell 2% in the quarter compared with a 1.6% decline in the prior quarter, coming in worse than rivals Hilton and Marriott’s performance in the region.
IHG reported fourth‑quarter global room revenue growth of 1.6%, compared with analysts’ expectations of 1.5% for the quarter ended December 31, according to a company‑compiled consensus.
Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala
