InterContinental Hotels Group PLC (LSE:IHG) reported a slight 0.1% year-on-year increase in global RevPAR for the third quarter of 2025, bringing year-to-date growth to 1.4%, as the group continues to navigate uneven market dynamics across its key regions.
Performance varied by geography: EMEAA delivered solid RevPAR growth of 2.8%, while the Americas saw a 0.9% decline and Greater China contracted by 1.8%. Business travel revenue rose 4% on a comparable basis, but this was offset by weaker leisure demand (down 2%) and group bookings (down 4%).
Despite some softer trading conditions, IHG maintained a strong development pace, opening 14,500 rooms across 99 hotels in Q3—a 17% year-on-year increase excluding NOVUM conversions. It also signed 22,600 rooms across 170 hotels, marking an 18% increase compared to the same period in 2024.
“We are pleased with our performance and the continued growth of our brands to date in 2025, and we remain on track to meet full year consensus profit and earnings expectations,” said Elie Maalouf, Chief Executive Officer of IHG Hotels & Resorts. “Overall, we continue to benefit from the power of our globally diverse footprint.”
The company also unveiled plans to introduce a new premium collection brand targeting the upscale to upper-upscale segment, with its initial rollout focused on the EMEAA region.
IHG has completed $700 million of its $900 million 2025 share buyback program, cutting its share count by 3.9%. Including dividends, the company expects to return over $1.1 billion to shareholders this year.
The group’s gross system growth reached 7.2% year-on-year, with net system growth of 5.2% after adjusting for the removal of rooms formerly affiliated with The Venetian Resort Las Vegas. IHG’s global pipeline now includes 342,000 rooms across 2,316 hotels—representing 4.7% year-on-year growth.
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