Summary:
- IHG U.S. RevPAR fell 1.6 percent, global up 0.1 percent in Q3.
- Opened 14,500 rooms across 99 hotels, up 17 percent YOY.
- New collection brand planned in EMEAA to complement voco and Vignette.
IHG HOTELS & RESORTS reported a 1.6 percent year-on-year decline in U.S. RevPAR for the third quarter of 2025, while the Americas fell 0.9 percent. Global RevPAR rose 0.1 percent for the quarter and 1.4 percent year to date.
The company opened 14,500 rooms across 99 hotels in the quarter, up 17 percent YOY excluding conversions, IHG said in a statement. It signed 23,000 rooms across 170 hotels, an 18 percent increase from a year earlier.
“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, IHG’s CEO. “As anticipated, RevPAR growth in the third quarter was similar to the prior quarter, with another strong performance in EMEAA and further improvement in Greater China, though the U.S. continued to see slower trading conditions. Overall, we continue to benefit from the power of our globally diverse footprint.”
Gross system growth in the Americas rose 3.6 percent year on year, with 2,700 rooms opened in the quarter. Net system growth was 1.5 percent after removing 7,000 rooms from The Venetian Resort. Signings increased 14 percent to 7,600 rooms, including 33 Holiday Inn hotels, 16 extended-stay properties and eight voco conversions.
Globally, the pipeline reached 342,000 rooms across 2,316 hotels, up 4.7 percent YOY, with gross system growth of 7.2 percent and net system growth of 5.2 percent, the statement said. As of Sept. 30, IHG’s system included 1,011,000 rooms across 6,845 hotels.
Maalouf said demand for the group’s brands remained, with 2025 set to be a peak year for openings and signings.
“We opened 14,500 rooms across 99 hotels in the quarter, up 17 percent YOY excluding the NOVUM conversions this year and last and we signed 22,600 rooms across 170 properties, up 18 percent, with progress in all three regions,” he said. “Recognising guest and owner interest in the premium segment, we are announcing a new collection brand to market in the coming months, positioned in upscale to upper-upscale. This will build on the successes of our other collection and conversion brands – Vignette, voco and Garner.”
Occupancy rose 0.4 percentage points in the third quarter, while the average daily rate fell 0.4 percent. Business travel revenue increased 4 percent, while leisure and group revenues fell 2 percent and 4 percent, respectively, on a comparable-hotel basis.
Meanwhile, the company plans to launch a new collection brand in the EMEAA region, IHG said. It will complement the voco brand, which has 225 open and pipeline hotels across more than 30 countries since 2018 and the Vignette Collection, introduced in 2021, which has 27 open hotels and 41 in development.
The company completed $700 million of its $900 million share buyback programme for 2025, reducing its share count by 3.9 percent. It expects to return over $1.1 billion to shareholders this year through dividends and repurchases.
“IHG remains confident in a strong outcome for the year and further delivery beyond,” Maalouf said. “Long-term structural drivers of travel demand and supply remain and while near-term macroeconomic challenges persist in some markets, others show improvement or sustained growth.”
IHG reiterated that its long-term strategy focuses on expanding system size, strengthening brand equity and delivering value for owners and shareholders through capital allocation.
In September, IHG introduced Ruby Hotels, its 20th global brand, targeting city centers and urban locations with space constraints.
