Tuesday, October 22nd 2024, 6:11:53 am
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Growth in revenue per available room (RevPAR) - a key performance measure for the hotel industry - was driven by a 4.9% growth in the Europe, the Middle East, Africa and Asia (EMEAA) region in the quarter ended Sept. 30. However, in China, RevPAR was down 10.3% in the absence of the strong recovery the company had seen in domestic travel in the same period last year, IHG said. For 2024, analysts on average expect the firm to post a RevPAR growth of 2.6%, according to a company compiled consensus.