Business headlines
- Global constant currency third quarter RevPAR decline of 15.2%.
- 11,386 net rooms (87 hotels) added in the quarter increasing total system size to 641,086 rooms (4,390 hotels) (an increase of 5% from 30 September 2008).
- 15,571 rooms (117 hotels) added to the system, 4,185 rooms (30 hotels) removed in line with our quality growth strategy.
- 16,645 rooms (99 hotels) signed, taking the pipeline to 218,181 rooms (1,513 hotels).
- Operating profit benefited by $10m from a reassessment of likely payments under certain incentive plans.
- Exceptional operating costs of $44m include a $21m non-cash goodwill write down and $18m of severance costs.
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