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Investing.com -- InterContinental Hotels Group PLC (LON:IHG) on Thursday reported a slight increase in global RevPAR of 0.1% for the third quarter of 2025, with year-to-date growth reaching 1.4%, as the hotel operator continues to navigate varying regional market conditions.
The company saw mixed performance across its regions, with EMEAA delivering strong RevPAR growth of 2.8%, while Americas declined 0.9% and Greater China decreased 1.8%. Business travel revenue increased 4% on a comparable basis, but this was offset by declines in leisure (-2%) and group bookings (-4%).
Despite slower trading conditions in some markets, IHG maintained robust development activity with 14,500 rooms (99 hotels) opened in the third quarter, up 17% YoY excluding NOVUM conversions. The company also signed 22,600 rooms (170 hotels), an 18% increase compared to the same period last year.
"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."
IHG announced plans to launch a new premium collection brand in the coming months, positioned in the upscale to upper upscale segment, initially focusing on the EMEAA region.
The company has completed $700 million of its planned $900 million share buyback program for 2025, reducing its share count by 3.9%. Combined with dividend payments, IHG expects to return over $1.1 billion to shareholders this year.
The hotel group’s gross system growth reached 7.2% YoY, with net system growth of 5.2% when adjusting for the removal of rooms previously affiliated with The Venetian Resort Las Vegas. IHG’s global pipeline now stands at 342,000 rooms across 2,316 hotels, representing 4.7% growth YoY.