IHG saw 3 percent RevPAR growth in 2024

IHG HOTELS & RESORTS reported global RevPAR growth of 3 percent for 2024 and 4.6 percent in the fourth quarter, with the Americas rising 2.5 percent and 4.6 percent for the year and quarter, respectively. The company
acquired Germany-based lifestyle hotel brand Ruby for about $116 million, aiming for global expansion, including the Americas.

It opened 371 hotels globally in 2024, up 24 percent, and added 714 to the pipeline, a 34 percent increase, including 16,832 rooms opened and 26,552 signed in the Americas, IHG said in a statement.

“Thanks to the hard work and dedication of our teams around the world, 2024 was an excellent year of financial performance, strong growth and important progress against a clear strategy that is unlocking the full potential of
our business for all stakeholders,” said Elie Maalouf, IHG’s CEO. “RevPAR growth accelerated in the fourth quarter, reflecting the breadth of our global footprint and improvements in all three regions. Together with strong
system growth, notable margin expansion and the benefit of returning surplus capital through buybacks, we’re pleased to report adjusted EPS growth for the year of 15 percent.”