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InterContinental Hotels Group PLC:洲际酒店集团
InterContinental Hotels Group PLC
Half Year Results to 30 June 2011
IHG delivers strong profit growth as the trading environment continues to improve
Financial summary1 2011 2010 % Change YoY Actual CER2 CER2 excluding LDs3 Revenue $850m $772m 10% 8% 6% Operating profit $269m $219m 23% 21% 17% Total adjusted EPS 59.2¢ 47.0¢ 26% Total basic EPS4 54.0¢ 49.1¢ 10% Interim dividend per share 16.0¢5 12.8¢ 25%5 Net debt $818m $1,019m
Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: “In the first half we delivered a strong performance across each of our regions, driven both by increased occupancy from business and leisure travellers as well as progressive rate improvement. Global revenue per available room (RevPAR) grew 6.7% with Greater China up 12.7% and the US up 8.2%, where the Holiday Inn relaunch is delivering sustained outperformance.
“We continue to support our owners, driving guests to our hotels through the most efficient channels. Our industry leading developments in mobile booking sites and apps are now generating over $10m of revenue a month and we expect this to grow quickly as consumer booking preferences evolve.
“We have realised over $140m in the year to date from the sale of our interests in four hotels and have committed to invest over $70m of capital behind our brands, including the roll out of Holiday Inn Express in India and a world class site for Hotel Indigo in New York.
“Our priorities are to develop our brands, invest in our people and strengthen our revenue delivery systems, thereby creating firmer foundations for growth. I have made a number of senior appointments including Tom Singer as CFO and Tracy Robbins our EVP Human Resources and Global Operations Support will be joining the Board. Whilst we continue to monitor the uncertain economic outlook, we look forward with confidence in the currently favourable hotel trading environment of record demand and low supply growth in many markets.”
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