IHG Announces Positive First Half Results

IHG Announces Positive First Half Results

August 14, 2007

    -- China Outperforms; 32 hotels (10,370 rooms) signed
between January and 
       June 2007
    -- Market-Leading Positions in Asia Pacific Continue to
Drive Strong 
       Regional Growth


    SHANGHAI, China, Aug. 14 /Xinhua-PRNewswire/ --
InterContinental Hotels Group (IHG) (LON: IHG; NYSE: IHG)
announced its first half results to 30 June 2007.
Continuing revenue was up 12% from GBP377m to GBP422m, up
20% at constant currency, whilst continuing operating
profit was up 5% from GBP106m to GBP111m, up 17% at
constant currency. Global constant currency RevPAR grew 7%
and total gross revenue from all hotels in IHG's system was
up 12% to US$8.3bn. 

    (Logo:
http://www.xprn.com.cn/xprn/sa/200702131431-min.jpg )

    IHG saw the strongest RevPAR (revenue per available
room) growth in the Asia Pacific region leads in revenue
performance, up 9.1%. InterContinental, Crowne Plaza and
Holiday Inn all performed strongly, with RevPAR up 11.1%,
7.9% and 8.4% respectively. Greater China RevPAR increased
6.2%, driven by rate increases. Operating profit from
continuing operations was US$27m. Owned and leased hotel
operating profit increased 7% to US$15m, after the impact
of refurbishment activity at the InterContinental Hong
Kong. Managed hotels profit was stable at US$19m.

    Commenting on the results and trading, Andrew Cosslett,
Chief Executive of InterContinental Hotels Group PLC said:
"The company has had a good first half. Signings
continue to run at record levels with almost 55,000 rooms
signed into our development pipeline. Strong demand with
relatively low levels of new supply is driving up room
rates and our brands continue to outperform the market in
most of our major regions and geographies. Our outlook for
the year is positive."

    In the first half, a record of 54,246 rooms were signed
and 7,430 net rooms added globally, with a closing pipeline
of 187,487 rooms (up 19%), giving IHG further confidence
that it will exceed its target of 50,000-60,000 net organic
room additions by the end of 2008 from the 30 June 2005
starting position.

    IHG development activity in the Asia Pacific region
continues to be successful. During the first half, 12,702
rooms were signed and 2,805 rooms were opened in the
region. In Greater China, 32 hotels, 10,370 rooms, were
signed in the first half, consisting of two
InterContinentals, 15 Crowne Plazas, six Holiday Inns and
nine Holiday Inn Expresses. 

    Notes to Editors

    InterContinental Hotels Group PLC (IHG) of the United
Kingdom (LON: IHG, NYSE: IHG) is the world's largest hotel
group by number of rooms. IHG owns, manages, leases or
franchises, through various subsidiaries, over 3,800 hotels
and almost 564,000 guest rooms in nearly 100 countries and
territories around the world. IHG owns a portfolio of well
recognized and respected hotel brands including
InterContinental(R) Hotels & Resorts, Crowne Plaza(R)
Hotels & Resorts, Holiday Inn(R) Hotels and Resorts,
Holiday Inn Express(R), Staybridge Suites(R), Candlewood
Suites(R) and Hotel Indigo(R), and also manages the world's
largest hotel loyalty program, Priority Club(R) Rewards with
over 33 million members worldwide.

    The company pioneered the travel industry's first
collaborative response to environmental issues as founder
of the International Hotels and Environment Initiative
(IHEI). The IHEI formed the foundations of the Tourism
Partnership launched by the International Business Leaders
Forum in 2004, of which IHG is still a member today. The
environment and local communities remain at the heart of
IHG's global corporate responsibility focus.

    IHG offers information and online reservations for all
its hotel brands at http://www.ihg.com and information for
the Priority Club Rewards program at
http://www.priorityclub.com .  For the latest news from
IHG, visit our online Press Office at
http://www.ihg.com/media .

    Press Images

    High resolution images to accompany this announcement
are available for the media to download free of charge from
http://www.vismedia.co.uk . This includes profile shots of
the key executives.

    Additional Details

    The full stock exchange announcement and supplementary
data is available at http://www.ihg.com/interims07 .


    For more information, please contact:

     Sharona Tao
     Brand Public Relations & Communications Manager -
Greater China
     IHG
     Phone: [phone]
     Email: [e-mail]