InterContinental Hotels Group’s (IHG) global expansion reached a record-breaking pace in July when it crossed the one million mark for open hotel rooms. But the milestone comes as revenue slipped in the United States — IHG’s largest market — and China struggles to recover.
IHG’s numbers reflect both pressure and momentum across its portfolio.
U.S. RevPAR Drops Despite Strong Beginning. IHG’s U.S. RevPAR (revenue per available room) dropped 0.9% in the 2nd quarter. This reversed the 3.5% growth in Q1 to bring the first-half growth down to only 1.2%. The downturn was blamed on shifting holiday schedules and macroeconomic headwinds.
Executives blamed the softness on shifting holidays and macroeconomic developments but emphasized positive changes.
“We think we’ve passed the peak,”
