- Global constant currency first half RevPAR decline of 16.2%, with a second quarter decline of 18.6%. IHG’s brands outperformed the industry in each of its three regions.
- 9,849 net rooms (117 hotels) added in the first half, taking system size to 629,700 rooms (4,303 hotels), up 5% year on year.
- 26,956 rooms (229 hotels) added to the system, 17,107 rooms (112 hotels) removed in line with our quality growth strategy.
- 22,754 rooms (159 hotels) signed, taking the pipeline to 226,248 rooms (1,599 hotels).
- On track to exceed 2009 targeted cost reductions with first half reported regional and central costs $51m below 2008 levels.
- Net debt of $1.3bn held broadly flat on the position at 31 December 2008.
- Interim dividend maintained at 12.2¢, equivalent to 7.3p at the closing exchange rate on 7 August 2009.
- Exceptional operating charges of $201m include $162m of non-cash asset impairment charges.
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