Holiday Inn owner IHG leans on growth in Europe and China as US cools


Greater China, which also encompasses Hong Kong, also performed strongly, with RevPAR up 4.1pc, compared to 2.4pc a year ago. Mr Barr said this justified the company’s decision to invest in the region, which has seen roughly 100 hotels added in the past four and a half years to hit 300.

The strength of Europe and China helped group sales rise just over 2pc to $857m (£658.6m) but efficiency savings – such as bringing some of its digital marketing functions in-house – meant pre-tax profits rose 9pc to $326m.

Mr Barr added that the company was on track to launch a new mid-scale brand in the US in September, which he said would provide a new option in an underserved part of the market. The new chain will be around 10-15pc cheaper per room than Holiday Inn Express.

He said the company would consider taking the brand to other territories if it could be quickly rolled out in a given market.