InterContinental Hotels Group (IHG) investor relations material

Executive summary

• Achieved strong Q1 trading with global RevPAR up 4.4% year-over-year, driven by robust demand across all regions and brands, exceeding expectations.

• Net system growth reached 5%, with gross system growth at 6.6%, surpassing last year's Q1.

• Opened 14,900 rooms across 82 hotels, including six brand launches in new countries; pipeline now at 343,000 rooms, up 3% year-over-year.

• Confident in meeting full-year consensus growth and profit expectations, underpinned by strong year-to-date performance.

• Surpassed 7,000 hotels milestone, with 1,036,000 rooms across 7,014 hotels.

Financial highlights

• Global RevPAR grew 4.4% year-over-year, with ADR up 2% and occupancy up 1.5 percentage points.

• Comparable rooms revenue for groups up 7%, business up 6%, and leisure up 1%.

• Americas RevPAR up 3.6%, EMEAA up 5.6%, and Greater China up 5.7% year-over-year.

• Consensus operating profit from reportable segments stands at $1.38 billion, implying 9% growth on 2025 results.

• Adjusted EPS consensus at $5.66, implying 13% growth.

Outlook and guidance

• Confident in achieving full-year consensus for net system size growth at 4.5%.

• More upside than downside risk to system growth guidance, with strong performance expected to continue.

• Q2 on-the-books global revenue indicates continued growth despite Middle East conflict and travel disruptions.

• Strategic diversification and resilience expected to offset regional challenges.

• U.S. fundamentals remain robust, with positive momentum expected through the year.