For the first half of 2026, InterContinental Hotels Group reported “strong performance” with operating profit from reportable segments up 10 percent and record development activity, with openings and signings both up 8 percent on an organic basis.
IHG’s H1 global revenue per available room rose 4.1 percent year over year. Americas RevPAR was up 4.8 percent, EMEAA up 3 percent and Greater China up 3.1 percent. In a statement, IHG Elie Maalouf, CEO of IHG Hotels & Resorts, credited the company’s “diverse global footprint and better-than-expected demand in most markets around the world” for the RevPAR growth. “Trading in the US accelerated in the second quarter, growth in Greater China continued and a good performance elsewhere in our EMEAA region helped offset challenges in the Middle East.”
Average daily rate rose 2.5 percent and occupancy 1 percentage point. Total gross revenue for the six months was $18.2 billion, up 7 percent at constant currency.
System Size and Pipeline
IHG’s gross system growth rose 6.5 percent year over year and net system growth improved 5 percent. The company opened a record 31,500 rooms in 197 hotels, up +8 percent year over year when excluding the Ruby brand acquisition in 2025. The company signed 49,200 guestrooms across 352 hotels, also up 8 percent year over year on an organic basis.
The company’s current portfolio now includes 1,049,000 guest rooms in 7,109 hotels, and its pipeline has 348,000 rooms in 2,385 hotels, up 3 percent year over year, 33 percent of the current system size.
“Thanks to the hard work of our teams, we’re making excellent progress on growing our brands, expanding in key geographic markets, developing our leading technology and enterprise platform and driving ancillary fee streams,” Maalouf said in the statement. “While there are ongoing impacts from the Middle East conflict, including some wider disruption to international travel flows, we continue to expect these to be fully offset by growth in demand elsewhere.” Maalouf praised the company’s “diversified and resilient” business model for its ability to “capture demand across geographies, chainscales and the different stay occasions of business, leisure and groups travel, as well as being heavily weighted to domestic and intra-regional travel.”
The company, Maalouf said, remains on track to meet full-year consensus profit and earnings expectations. “We are also confident in the successful delivery of our growth algorithm, which is driven by the strength of IHG’s enterprise platform and our ability to further capitalize on our scale, leading positions and the attractive long-term demand drivers for our markets.”