BRIEF-IHG Q3 RevPAR Down On Tough Trading Conditions In U.S., China & Hong Kong Unrest
Oct 18 (Reuters) - InterContinental Hotels Group PLC :
* THIRD QUARTER TRADING UPDATE
* QTRLY 4.7% YOY NET SYSTEM SIZE GROWTH TO 865K ROOMS; ON TRACK TO EXCEED 5% FOR FULL YEAR 2019
* INTERCONTINENTAL HOTELS GROUP PLC - GROUP Q3 COMPARABLE REVPAR DOWN 0.8%, FLAT FOR Q3 YTD
* Q3 GROUP REVPAR IMPACTED BY TOUGHER TRADING CONDITIONS IN US AND CHINA, AND ONGOING UNREST IN HONG KONG SAR
* REMAIN CONFIDENT IN FINANCIAL OUTCOME FOR REST OF YEAR
* MAINLAND CHINA Q3 REVPAR DECLINED 2%
* FY EXPECTED TO BE IMPACTED BY ABOUT $5M ADVERSE IMPACT FROM FEE INCOME LOSS FROM TRADING CONDITIONS IN HONG KONG SAR
* Q3 GREATER CHINA REVPAR DOWN 6.1%
* SEES FY IMPACTED BY $10M FAVOURABLE IMPACT FROM NON-RECURRING ITEMS LIKE LIQUIDATED DAMAGES, ACCOUNTING TREATMENT RELATING
* Q3 REVPAR WAS UP 1% IN UK, WITH LONDON UP 3% DRIVEN BY INTERNATIONAL INBOUND DEMAND AND PROVINCES FLAT
* Q3 REVPAR IN GREATER CHINA WAS IMPACTED BY ONGOING UNREST IN HONG KONG SAR WHERE REVPAR WAS DOWN 36% Source text for Eikon: Further company coverage:
