HVS In Focus: Intercontinental Hotels Group
lays claim to the world's largest collection of hotels. RevPAR is on the rise, and the company has several innovations, including a new brand, on the horizon.
- IHG opened 173 hotels in the Americas and removed 112 hotels from its system in 2013. The addition of new supply
and the removal of dated hotels reflect the company's focus on building brand awareness, credibility, and consistency.
- In the Americas, the company signed 305 new hotels in 2013, up 33% over 2012. This includes four hotels for the new
EVEN Hotels brand, with the first two to open in 2014.
- Wthin its Americas' portfolio, RevPAR rose 4.3% and average rates grew 2.6%, with the company's reported revenue
increasing by 9% in 2013.
- Holiday Inn Express and Holiday Inn take first and second in terms of growth among IHG hotels, with more than 1,100
new hotels in the pipeline for both brands combined.
Introduction: With more than 4,600 properties worldwide, InterContinental Hotels Group (IHG) is rightlybilled as the world's biggest hotel company. With such a dense and widespread collection of hotels, IHG is continually working to increase brand awareness, bring demand through the doors, and improve guest experiences. The following article looks at the company's portfolio performance and growth over the past several years, along with the latest IHG innovations.
HVS, the world"s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, celebrated its 35th anniversary in 2015. Established in 1980, the company performs 4,500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 35 offices and more than 500 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. HVS.com