InterContinental Hotels Group Plc (IHG.L) Wednesday announced details of revenue per available room, or RevPAR, for the third quarter and nine-month period ended 30 September 2012, at the annual conference for hotel owners in the American region.
The global organisation with nine hotel brands stated that RevPAR growth in the US for the third quarter comprising of three months July, August and September was slightly softer at 4.6%, with 4.0% rate growth, reflecting the shift in timing of certain holidays which adversely impacted results in both July and September.
For the nine-month period ended 30 September 2012, the company stated that RevPAR grew 6.3%, driven predominantly by rate up 4.3%.
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