The average daily rate at InterContinental Hotels Group properties during the fourth quarter of 2012 increased by 2.5 percent year over year. - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 19, 2013 - 12:35 PM ET

The average daily rate at InterContinental Hotels Group properties during the fourth quarter of 2012 increased by 2.5 percent year over year. ADR was up 3.8 percent in the Americas and 1.4 percent in Greater China but was nearly flat in Europe and in Africa, the Middle East and Asia. Occupancy was up by just under a percentage point globally and across all regions except Greater China. Group operating profit for the quarter was $161 million, up from $137 million in the fourth quarter of 2011.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
United Kingdom-based The Serviced Apartment Company claimed its 2014 revenue increased 21 percent year over year,... read more »
Hilton Worldwide officially closed its sale of the Waldorf Astoria New York and will use the proceeds to purchase five properties,... read more »
Reserved occupancy at North American hotels for the first quarter is down 0.2 percent from the same period last year,... read more »
Hyatt Hotels Corporation announced its new, full-service lifestyle brand, Hyatt Centric.... read more »
Hotels in the United States could see a 7.4 percent year-over-year increase in revenue per available room and improved pricing power in 2015,... read more »
InterContinental Hotels Group completed its $430 million acquisition of Kimpton Hotels & Restaurants,... read more »
Sonesta International Hotels Corp. named Carlos Flores president and CEO,... read more »
The average daily rate at U.S. hotels in November increased 4.5 percent year over year to $112.52,... read more »
Hyatt Hotels Corp. next year will make Wi-Fi free at all hotels worldwide "regardless of booking method or loyalty program participation,"... read more »
Red Roof Inn and Brazilian lodging company Nobile Hoteis have partnered to develop up to 40 properties in Brazil through 2025,... read more »
Starwood Hotels & Resorts next year will eliminate Internet charges across most of its properties in a variety of ways, ... read more »