Holiday Inn’s owner sees recovery in bookings as global travel opens up after the pandemic
Holiday Inn’s owner has seen a recovery in bookings as global travel opens up after the pandemic.
Intercontinental Hotels Group (IHG) said revenues per available room, the industry’s preferred measure, was up 66 per cent in the three months to the end of September compared with a year earlier.
Bouncing back: Intercontinental Hotels Group said revenues per available room was up 66 per cent in the three months to the end of September
This was still 21 per cent down compared with pre-Covid levels, however.
The growth was particularly strong in the US during the summer holidays, with some hotels exceeding 2019 levels for occupancy levels.
But the UK saw revenues per available room down 22 per cent on 2019, and the rest of Europe was off by 48 per cent.