IHG hits 1m hotel rooms milestone 

Holiday Inn parent IHG Hotels & Resorts has surpassed one million rooms open worldwide as demand for its brands continues to grow.

The milestone came as the group reported a strong performance in the first half of the year with operating profits up 13% to $604 million over the same period in 2024. 

A record number of rooms were added in the six months through the addition of 207 hotels, representing 31,400 rooms, with a pipeline for another 324 properties.

IHG has doubled its brand portfolio to 20 in the past decade to cover more 6,760 hotels in over 100 countries. 

Chief executive Elie Maalouf said: “In recent weeks, we’re very proud to have exceeded the milestone of one million open rooms across our global portfolio of over 6,700 hotels. 

"As we look to the future, our pipeline of more than 2,200 hotels is equivalent to further system size growth of 34%.”

The group remains on track to meet full year consensus profit and earnings expectations, he added. 

"While some shorter term macroeconomic uncertainties remain, many are subsiding," Maalouf said. 

"With a strong, growing development pipeline spanning world famous beloved heritage brands and rapidly growing new brands, the future is bright for IHG.”

Meanwhile, Hyatt reported a 1.1% year-on-year decline in second quarter adjusted earnings [ebitda] to $303 million.

President and chief executive Mark Hoplamazian said: “As we look ahead, we are encouraged by recent booking trends, leaving us optimistic about improving performance in the fourth quarter and into next year. 

“We are confident that we will continue to deliver strong financial results as we leverage our brand-led strategy and long history of industry leading net rooms growth.”