InterContinental
Hotels Group saw revenue per available room increase 1.3 percent year over year
during the third quarter. The company did not report specific occupancy and
average daily rate figures, though the company’s media release pegged U.S.
occupancy levels at above 75 percent. IHG opened 7,000 rooms, or 51 hotels,
during the quarter and removed 3,000 rooms, or 22 hotels. CFO Paul Edgecliffe-Johnson
said the company will continue to remove properties in the interest of
improving the portfolio. IHG signed 19,000 rooms, or 128 hotels, during the
quarter, bringing its pipeline to 230,000 rooms. In August, IHG signed a
partnership deal with Alipay, a Chinese third-party online payment company.
Alipay is available through all IHG's online and mobile channels and at all its
hotels globally.