Holiday Inn owner IHG room revenue bouncing back to pre-pandemic levels

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The company said hotel room revenue (RevPAR), a key performance indicator, rose 66% for the July-September period, compared with a 53.4% drop a year earlier, but it was down 21% from 2019.

“Domestic leisure demand was particularly strong in a number of markets over the summer, where occupancy and rate climbed back to 2019 levels,” Chief Executive Officer Keith Barr said, adding, there were “increasingly encouraging signs” of business travel and international trips.

The company said its review of around 200 Holiday Inn and Crowne Plaza hotels were on track.