Holiday Inn 2006 Annual Report Download - page 14

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Figure 9
Americas hotel Hotels Rooms
and room count Change Change
at 31 December 2006 over 2005 2006 over 2005
Analysed by brand:
InterContinental 49 416,525 1,197
Crowne Plaza 155 22 42,604 5,530
Holiday Inn 987 (40) 186,067 (8,937)
Holiday Inn Express 1,506 81 123,718 7,908
Staybridge Suites 97 10 10,953 1,038
Candlewood Suites 130 18 14,149 1,466
Hotel Indigo 63893 396
Other –(2) –(295)
Total 2,930 96 394,909 8,303
Analysed by ownership type:
Owned and leased 13 14,679 428
Managed 189 (19) 39,257 (6,063)
Franchised 2,728 114 350,973 13,938
Total 2,930 96 394,909 8,303
The Americas net hotel and room count grew by 96 hotels
(8,303 rooms) to 2,930 hotels (394,909 rooms) (see figure 9).
The net growth includes openings of 222 hotels (26,613 rooms)
led by demand for Holiday Inn Express 128 hotels (11,155 rooms).
Although the regions’ net growth was predominantly achieved in the
US markets, Mexico represented over 10% of the expansion. The
net growth also included removals of 126 hotels (18,310 rooms),
of which Holiday Inn hotels represented 56% (74% of rooms).
Operating and financial review
12 IHG Annual report and financial statements 2006
Figure 10
Hotels Rooms
Americas pipeline Change Change
at 31 December 2006 over 2005 2006 over 2005
Analysed by brand:
InterContinental 6(1) 2,935 (770)
Crowne Plaza 24 15,839 1,227
Holiday Inn 212 59 26,566 7,525
Holiday Inn Express 503 114 43,550 10,587
Staybridge Suites 115 36 12,027 3,832
Candlewood Suites 128 45 11,723 4,256
Hotel Indigo 24 16 3,045 2,163
Total 1,012 270 105,685 28,820
Analysed by ownership type:
Owned and leased –(2) –(574)
Managed 14 13,710 (231)
Franchised 998 271 101,975 29,625
Total 1,012 270 105,685 28,820
The Americas pipeline continued to achieve record growth levels
and totalled 1,012 hotels (105,685 rooms) at 31 December 2006.
Signing levels outpaced prior year as demand for the new Holiday
Inn prototype and Holiday Inn Express continued to accelerate
throughout 2006. During the year 61,673 room signings were
completed, compared with 49,765 room signings in 2005. This level
of growth demonstrates strong demand for IHG brands and
represents a key driver of future profitability.