InterContinental Hotels Group global revenue per available room increased 0.3 percent in the first quarter, as average daily rate rose 0.6 percent to $113.43 and occupancy dipped 0.2 percentage points to 64.8 percent. CEO Keith Barr attributed the RevPAR increase to "good growth in the U.S., where we outperformed the industry segments where we compete, and to continued market share gains in China." U.S. RevPAR increased 0.6 percent, as ADR rose 1.2 percent to $118.34. The company's rooms increased 5.4 percent year over year to 843,000, including 1,300 rooms from the acquisition of Six Senses. Twelve thousand rooms, 60 percent of them in the Holiday Inn brand family, opened in the first quarter, and the company signed 24,000 more, its strongest first-quarter pace in 12 years. Approximately 279,000 rooms are in the pipeline. IHG is on track to launch its all-suites upper-midscale brand in the U.S. this month.
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