InterContinental Hotels Group (InterContinental Hotels Group) Average Occupancy Rate % : 0.00% (As of . 20)

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What is InterContinental Hotels Group Average Occupancy Rate %?

Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.

InterContinental Hotels Group's Average Occupancy Rate % for the annual that ended in Dec. 2023 was 74.20% , which is higher than 55.60% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for InterContinental Hotels Group's Average Occupancy Rate % or its related term are showing as below:

IHG's Average Occupancy Rate % is not ranked ^*
in the Travel & Leisure industry.
Industry Median:
* Ranked among companies with meaningful Average Occupancy Rate % only.

InterContinental Hotels Group Average Occupancy Rate % Historical Data

The historical data trend for InterContinental Hotels Group's Average Occupancy Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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InterContinental Hotels Group Average Occupancy Rate % Chart

InterContinental Hotels Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Average Occupancy Rate %

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Competitive Comparison of InterContinental Hotels Group's Average Occupancy Rate %

For the Lodging subindustry, InterContinental Hotels Group's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

InterContinental Hotels Group (NYSE:IHG) Average Occupancy Rate % Calculation

Average Occupancy Rate % is calculated as

Average Occupancy Rate %

Number of Occupied Rooms

Number of Available Rooms

100%

InterContinental Hotels Group (NYSE:IHG) Average Occupancy Rate % Explanation

Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.

For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.

Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.

InterContinental Hotels Group Average Occupancy Rate % Related Terms

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InterContinental Hotels Group (InterContinental Hotels Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » InterContinental Hotels Group PLC (NYSE:IHG) » Definitions » Average Occupancy Rate %

Comparable Companies

Traded in Other Exchanges

ICHGF:USA IHGl:UK IHG:UK IC1B:Germany I1HG34:Brazil

Address

1 Windsor Dials, Arthur Road, Windsor, Berkshire, GBR, SL4 1RS

Website

http://www.ihgplc.com

InterContinental Hotels Group operates 930,000 rooms across 18 brands addressing the midscale through luxury segments, as of Sept. 30, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in summer 2017 and closed on a 51% stake in Regent Hotels in July 2018. It acquired Six Senses in February 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Sept. 30, 2023, the Americas represents 56% of total rooms, with greater China accounting for 18%; Europe, Asia, the Middle East, and Africa make up 26%.