IHG, the hotels giant behind the Kimpton, Holiday Inn and InterContinental chains, said the average price of a room at its hotel has risen by almost 15% since 2019 as travel demand continues to rebound.
Revenue per available room, a key metric in the hotels sector, was up another 10.5% year-on-year in the third quarter of the year, as revenue in China exceeded 2019 levels for the first time. In the UK, revenue per room was up 18%.
