{"id":71351,"date":"2021-10-22T12:50:04","date_gmt":"2021-10-22T10:50:04","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=71351"},"modified":"2021-10-22T16:34:03","modified_gmt":"2021-10-22T14:34:03","slug":"intercontinental-nears-pre-crisis-level-in-q3","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/intercontinental-nears-pre-crisis-level-in-q3\/","title":{"rendered":"Intercontinental nears pre-crisis level in Q3"},"content":{"rendered":"<h4>Intercontinental Hotels Group (IHG) on Friday reports a jump in third-quarter earnings, with revenue per available room up from 2020.<\/h4>\n<h4><!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p><strong>Intercontinental<\/strong> is closing in on its pre-Covid revenue thanks to the easing of global policy on international travel.<\/p>\n<p>&nbsp;<\/p>\n<p>The group said RevPAR (revenue per available room), a key performance indicator for the hotel industry, <strong>increased 66% for the July-September period, following a 53.4% decline in 2020<\/strong>. That figure, however, is down 21% from 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;<em>Domestic leisure demand was particularly strong in a number of markets over the summer, where occupancy and rates have recovered to 2019 levels,<\/em>&#8221; said IHG CEO <strong>Keith Barr<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>Travel and hospitality companies around the world are slowly recovering from a year-long pandemic, <strong>thanks to increased vaccination rates and easing restrictions.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>However, new closures due to the spread of the highly contagious Delta variant, as well as pre-flight COVID-19 testing and remote work options, are still a significant constraint on the industry.<\/p>\n<p>&nbsp;<\/p>\n<p>Revenue in IHG&#8217;s <strong>Americas region<\/strong>, representing the bulk of the group&#8217;s revenue,<strong> increased 76% in the quarter<\/strong> and was down 10% from 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>The group is targeting nearly <strong>$25 million in savings this year<\/strong>, having already confirmed it has sold or is in the process of selling 90 hotels.<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;\u00a0<a href=\"https:\/\/luxus-plus.com\/en\/intercontinental-offers-exceptional-stays-to-celebrate-its-75th-anniversary\/\">INTERCONTINENTAL OFFERS EXCEPTIONAL STAYS TO CELEBRATE ITS 75TH ANNIVERSARY<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Intercontinental<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intercontinental Hotels Group (IHG) on Friday reports a jump in third-quarter earnings, with revenue per available room up from 2020.<\/p>\n","protected":false},"author":1,"featured_media":71356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Intercontinental Hotels Group (IHG) on Friday reports a jump in third-quarter earnings, with revenue per available room up from 2020.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"luxury stay,hotel,luxury hotels,intercontinental,intercontinental hotel group,IHG","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-71351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/71351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=71351"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/71351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/71356"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=71351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=71351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=71351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}