Removing the political circumstances in the Middle East and earthquakes in Japan and New Zealand, which caused an estimated US $11 million loss, revenue increased 4% and operating profits grew by 9%. Removing the political circumstances in the Middle East and earthquakes in Japan and New Zealand, which caused an estimated US $11 million loss, revenue increased 4% and operating profits grew by 9%.

Intercontinental Hotels Group (IHG) saw revenue from its operations in Asia, the Middle East and Africa (AMEA) grow by 1% in 2011 on 2010 to US $216 million.

The chain's preliminary results released on February 14 also showed an increase in operating profit of 2% year-on-year to US $84 million.


Removing the political circumstances in the Middle East and earthquakes in Japan and New Zealand, which caused an estimated US $11 million loss, revenue increased 4% and operating profits grew by 9%. There was also a US $4 million negative impact from changes to some management contract terms.

RevPAR in AMEA increased 0.9% to 1.3%, with a 1.6% growth in Q4. However, excluding its nine hotels in Egypt, two in Bahrain and 32 in Japan, the yearly figure increased 5.5%, with main growths in Saudi Arabia (up 8.9%) and the UAE (5.6%).

In a breakdown of its properties, it was found that franchised revenue increased by 26.7% to US $19 million, with operating profit up 50% to US $12 million. Managed property revenue decreased by 2.6% to US $151 million, with operating profits down 1.1% at US $87 million. For its owned and leased estates, revenue increased 7% to US $46 million, and operating profit increased by 25% to US $5 million.

Richard Solomans, chief executive of InterContinental Hotels Group PLC, said: “We are strengthening our business through developing our brand portfolio supported by targeted investment. We also ensure that our hotels with our best in class delivery systems are known for industry leading guest experiences delivered by talented people and dedicated owners.

“Looking ahead, in spite of considerable uncertainty in the Eurozone, IHG is well positioned globally to benefit from positive long term industry trends and, in particular, growing demand in emerging markets.”

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