IHG Hotels and Resorts Q3 2026 results announced
Q3 global RevPAR acceleration to +5.3%, YTD +4.6%;
Momentum in development activity continues, with 289 hotels opened and 516 signed YTD;
Confident of achieving consensus expectations for the year
Strong Trading Performance
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Q3 RevPAR: +5.3% globally
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Year-to-date RevPAR: +4.6%
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Q3 growth was driven by:
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Average Daily Rate (ADR): +3.9%
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Occupancy: +0.9 percentage points
Regional RevPAR Performance
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Region Q3 2026Americas +6.8%
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EMEAA (Europe, Middle East, Asia & Africa) +5.0%
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Greater China -3.3%
Year-to-date:
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Americas: +5.6%
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EMEAA: +3.7%
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Greater China: +1.0%
Demand Mix
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On a comparable hotels basis during Q3:
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Group travel revenue: +10%
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Leisure revenue: +5%
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Business travel revenue: +4%
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This indicates broad-based demand strength across major travel segments.
Hotel Openings
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Q3:
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92 hotels
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12,900 rooms
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Year-to-date:
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289 hotels
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44,400 rooms
System Size
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IHG now operates:
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1.06 million rooms
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7,186 hotels
Signings and Pipeline
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Q3 signings:
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164 hotels
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21,100 rooms
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Year-to-date signings:
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516 hotels
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70,300 rooms
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Development pipeline:
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353,000 rooms
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2,426 hotels
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Up 3.2% year-over-year
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Equivalent to 33% of current system size
System Growth
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Gross system growth: +6.3%
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Net system growth: +4.9%
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Management expects 2026 to mark its fifth consecutive year of accelerating net system growth.
CEO Commentary
Elie Maalouf, CEO of IHG Hotels & Resorts, highlighted several key trends:
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Strong growth across all U.S. brands.
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Very good performance in Continental Europe and East Asia & Pacific.
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Increased inbound travel from China supported regional demand.
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Greater China performance was negatively affected by adverse weather and holiday timing shifts.
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Development momentum remained strong, with signings nearly double openings during the quarter.
