HG Reports Q1 Revenue Growth

IHG reported first-quarter global RevPAR growth of 4.4% to March 31, and stated it expects to meet full-year consensus forecasts.

IHG said Q1 RevPAR rose 3.6% in the Americas, 5.6% in EMEAA, and 5.7% in Greater China. It reported average daily rate growth of 2.0% and a 1.5 percentage-point increase in occupancy.

IHG said it opened 14,900 rooms across 82 hotels in Q1 and signed 21,400 rooms across 163 hotels. It reported a global system of 1.036 million rooms across 7,014 hotels and a pipeline of 343,000 rooms across 2,347 hotels.

IHG said it completed $240 million of its $950 million 2026 share buyback programme to date. Chief Executive Elie Maalouf said Q2 on-the-books global revenue indicates continued growth.