IHG reports Q1 RevPAR decline in Middle East, 4% decrease registered
Globally, the hotel group witnessed a decrease in occupancy
Hotel group InterContinental Hotel Group (IHG) recorded a drop of 4% in its revenue per available room (RevPar) in the Middle East in the first quarter of 2019.
Globally, the hotel group witnessed an increase of 0.3% in RevPAR, however, occupancy went down by 0.2%.
In a statement online, IHG said, “Trading conditions in the Middle East continued to remain challenging with RevPAR down 4% driven by increased supply and political unrest”.
Looking at the Chinese market, RevPAR was lower compared to 2018’s Q1, which recorded an increase of 11%.
Globally IHG currently has a total of 5,656 hotels, 842,759 rooms,
1,916 hotels and 278,712 rooms in the pipeline.