IHG Annual Report and Financial Statements 2008
Record net room additions
up 20% at 34,757 rooms
Total hotels open under IHG brands
Total gross revenue‡ from all hotels in IHG system
Total system room revenue divided by the number of room nights available. Total room revenue from franchised hotels and total hotel revenue from managed, owned and leased hotels (not revenue attributable to IHG, as it is derived mainly from hotels owned by third parties). Operating profit before exceptional items. Includes the benefit of four significant liquidated damages receipts totalling $33m. (No such individually significant receipts in 2007). The Group’s reporting currency changed from sterling to US dollars in 2008. Dividends are now determined in US dollars and converted into sterling immediately before announcement. The sterling final dividend equivalent is 20.2p per share.
up 7% to $19.1bn
up 6% to 4,186 hotels
up 5% to $1,854mº
Continuing operating profit*
of 98,886 rooms,
693 hotels taking development pipeline
up 13% to $535mº
Adjusted continuing earnings per share
to 245,085 rooms,
1,775 hotels Revenue per available room†
up 26% to 117.8¢
Final dividend maintained
Caught on camera
This year we asked our employees to take their own pictures and capture what Great Hotels Guests Love means to them. Our front cover features some of these.
Front cover photography: Left: Photo by Iñaki Armada, taken at Holiday Inn Express Getafe, Madrid, Spain “The beds are so comfortable that some days you just don’t want to get out.” Centre: Photo by Amy Valentine, taken at Holiday Inn Express Salt Lake City, Utah, USA “The hands forming a heart around the hotel sign represent the people that make Holiday Inn Express a great hotel guests love.” Right: Launch of the ANA Crowne Plaza Sleep Advantage programme in Osaka, Japan... [continues]
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