IHG Hotels & Resorts today reported results for the six months ended June 30, 2026, with operating profit from reportable segments up 10% to $665 million and adjusted EPS up 13% to 274.7 cents. The company recorded openings and signings both up 8% on an organic basis and remains on track to return more than $1.2 billion to shareholders in 2026.
Global RevPAR increased 4.1% in the first half, with the Americas up 4.8%, EMEAA up 3.0% and Greater China up 3.1%. Average daily rate rose 2.5% and occupancy increased 1.0 percentage points. Total gross revenue reached $18.2 billion, up 7% at constant currency.
The company opened 31,500 rooms (197 hotels) in the first half, a record level and up 8% year-over-year when excluding the Ruby brand acquisition in 2025. The global estate reached 1,049,000 rooms (7,109 hotels). The company signed 49,200 rooms (352 hotels), also up 8% year-over-year on an organic basis, with a global pipeline of 348,000 rooms (2,385 hotels), up 3% year-over-year.
Fee margin reached 65.9%, up 1.2 percentage points.
“Our diverse global footprint and better-than-expected demand in most markets around the world delivered strong RevPAR growth of +4.1% in the first six months of 2026,” said Elie Maalouf, CEO of IHG Hotels & Resorts. Trading in the U.S. accelerated in the second quarter, growth in Greater China continued and a good performance elsewhere in our EMEAA region helped offset challenges in the Middle East. This robust revenue growth, combined with an acceleration in net system growth, an efficient cost base driving further margin expansion and the ongoing return of surplus capital to shareholders, delivered adjusted EPS growth of +13%.”
IHG reported record levels in development activity with almost 200 hotel openings in the first half. This drove net system growth of 5% and expanded its global portfolio to 7,100 hotels. Its pipeline grew to 2,400 hotels with increases in all three regions and 352 signings in total, representing +8% growth year-on-year.
“We’re making excellent progress on growing our brands, expanding in key geographic markets, developing our leading technology and enterprise platform and driving ancillary fee streams,” Maalouf added. While there are ongoing impacts from the Middle East conflict, including some wider disruption to international travel flows, we continue to expect these to be fully offset by growth in demand elsewhere. This demonstrates the strength of IHG’s business model which is strategically diversified and resilient, with our ability to capture demand across geographies, chainscales and the different stay occasions of business, leisure and groups travel, as well as being heavily weighted to domestic and intra-regional travel.”
The company said it remained on track to meet its full -ear consensus profit and earnings expectations.