/

|

Dive Brief:
In results for the first half of 2024 shared Tuesday, IHG Hotels & Resorts posted year-over-year growth in “key metrics” for performance, signings, profit and earnings, CEO Elie Maalouf shared during a Tuesday earnings call. 
RevPAR “accelerated” in the second quarter of the year, up 3.2% year over year globally and up 2.5% in the U.S., “reflecting a strong U.S. rebound” following a slump in Q1, Maalouf said. The CEO attributed the improvement to the shift in the timing of Easter this year. 
Meanwhile, the company signed a record 57,000 rooms in the first half of 2024. During the earnings call, CFO Michael Glover said strength in conversions, specifically, contributed meaningfully to the company’s system growth.