logo
Plus   Neg
Share
Email

InterContinental Hotels Q3 RevPAR Down 53.4% - Quick Facts

InterContinental Hotels Group Plc (IHG.L,IHG) reported that its third quarter Group RevPAR declined 53.4%. For the year-to-date period, Group RevPAR was down 52.3%.

Keith Barr, CEO, InterContinental Hotels Group PLC, said: "Trading improved in the third quarter, although progress continues to vary by region. RevPAR declined 53%, compared to a 75% decline in the prior quarter, while occupancy was 44%, up from 25% in the second quarter."

Total available liquidity at end of September increased to $2.1 billion. After issuance of new bonds and partial repayment of 2022 bonds in early October, on a pro forma basis, liquidity increased further to $2.9 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

RELATED NEWS
Follow RTT