06:27 AM EDT, 10/22/2024 (MT Newswires) -- InterContinental Hotels Group ( IHG ) reported Tuesday a 1.5% increase in Q3 global revenue per available room compared with the same period last year.

The Americas saw a 1.7% sales increase, while the EMEA region increased by 4.9%, driven by continued growth in the US.

Greater China reported a 10.3% decline due to strong comparisons to last year's surge in domestic travel.

The company's average daily rate increased by 1.7%, reflecting strong business demand and record group bookings.

Intercontinental Hotels Group ( IHG ) said it expects to finish the year in line with market expectations.

Price: 113.45, Change: +0.42, Percent Change: +0.37