InterContinental Hotels Group (IHG) has announced strong half-year results, driven by an increase in operating profit, a record number of openings, and a massive return of capital to its shareholders.
In the first six months of 2025, revenue reached $1.175 billion, up 6%, while operating profit rose 13% to $604 million. The margin on fees improved by 3.9 points to 64.7%. Adjusted earnings per share also climbed 19% to 242.5 cents.
Mixed regional performance
Global RevPAR rose 1.8%. The Europe, Middle East, Africa, and Asia region posted the best performance with a 4.1% increase, thanks to higher rates. The Americas recorded a more modest increase of 1.4%, held back in the second quarter by the timing of the Easter holidays and a slowdown in certain leisure and business segments. However, Greater China declined by 3.2% due to lower rates and weaker demand in the group and business segments, despite a record development pipeline.
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