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Investegate |Interco. Hotels Grp Announcements | Interco. Hotels Grp: 2021 First Quarter Trading Update


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Improvement in demand within the first quarter, led by the Americas and Greater China.
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Group RevPAR down 50.6% vs 2019 (down 33.7% vs 2020); continued industry outperformance in key markets.
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RevPAR reflects a 23%pts reduction in occupancy, with rate sustained at ~80% of 2019 levels.
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Occupancy of 40.0%, improving through the quarter; 223 hotels (4% of estate) closed at 31 March.
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Net system size growth broadly flat YTD; global estate 884k rooms (5,959 hotels).
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Opened 7.3k rooms (56 hotels); 5.8k added to Essentials and Suites brands, 1.5k in Premium, Luxury & Lifestyle.
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Removed 9.5k rooms (61 hotels); 6.3k (31 hotels) for Holiday Inn and Crowne Plaza in Americas and EMEAA.
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Signed 14.5k rooms (92 hotels), ahead of Q1 last year; total pipeline increased to 274k rooms (1,820 hotels). ....

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Intercontinental Hotels Group plc (IHG) Q4 2020 Earnings Call Transcript


Intercontinental Hotels Group plc (IHG) Q4 2020 Earnings Call Transcript
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Intercontinental Hotels Group plc (NYSE: IHG)
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Ladies and gentlemen, welcome to the IHG 2020 Full Year Results Call. [Operator Instructions]
I would now hand you hand over to your host, Stuart Ford, VP of Investor Relations to begin. Stuart, please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our ....

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