IHG Hotels & Resorts has today reported a strong set of Q1 results thanks to another outstanding team effort from colleagues across our business.
In our Europe, Middle East, Asia & Africa (EMEAA) region, we’ve made more notable progress, driving RevPAR up 9% vs 2023. This included rises in major markets including Japan (+17%), Australia (10%) and the Middle East (7%).
We opened 10 hotels in the quarter and added 28 properties to our pipeline, with conversions representing around 38% of our signings, including the first three hotels for our midscale conversion brand Garner in Japan, which was quickly followed by its launch in EMEAA.
This momentum continued into April, when we announced an agreement with NOVUM Hospitality that will double IHG’s presence in Germany through even more conversions, with up to 119 hotels set to join us over the coming years.
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Senior Sales Engineer at INFiLED for LED display
1moWow, another impressive event, well done! 🎉👏