IHG Posts H1 RevPAR Gains Due to Favorable Macro Backdrop

IHG Hotels & Resorts reported Q2 results with Americas RevPAR up 5.4% year-over-year and global RevPAR up 3.5%, partly driven by the FIFA World Cup and a stronger U.S. economy. In H1, it opened 197 hotels and signed 352 hotels (49,200 rooms). The company did not significantly adjust full-year expectations and highlighted AI initiatives and cloud PMS rollout plans.