On August 8th, according to InterContinental Hotels Group, the group recently released its performance report for the first half of 2024. During the reporting period, InterContinental Hotels' total revenue was 2.322 billion US dollars, a year-on-year increase of 4%; Operating profit of 525 million US dollars.
According to the financial report, in the first half of 2024, InterContinental Hotels' global revenue per available room (RevPAR) increased by 3% (up 3.2% in the second quarter), 1.7% (up 3.3% in the second quarter) in the Americas, 7.5% (up 6.3% in the second quarter) in Europe, the Middle East, Africa, and Asia (EMEAA), and 2.6% (down 7% in the second quarter) in Greater China. The average daily room rate increased by 2%, and the occupancy rate increased by 0.6 percentage points.
In terms of hotel scale, InterContinental Hotels will open 18000 rooms (126 hotels) in the first half of 2024; The total number of hotel rooms worldwide is 955000 (6430 hotels); Signed 57100 guest rooms (384 hotels), a year-on-year increase of 67% (excluding Iberian and NOVUM, a year-on-year increase of 15%); 330000 guest rooms (2225 hotels) are under construction worldwide, a year-on-year increase of 15%.
In addition, in the first half of 2024, the number of newly opened hotels in InterContinental Hotels Greater China increased by 49% year-on-year, and the number of signed contracts increased by 38%. At present, InterContinental Hotels has nearly 1300 open and under construction hotels in China.