Holiday Inn 2008 Annual Report Download - page 15

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BUSINESS REVIEW
Business review 13
Hotels Rooms
Change Change
At 31 December 2008 over 2007 2008 over 2007
Analysed by brand
InterContinental 55 518,502 1,878
Crowne Plaza 187 15 51,124 3,231
Holiday Inn 920 (32) 168,777 (9,222)
Holiday Inn Express 1,722 107 146,024 11,473
Staybridge Suites 150 28 16,372 2,906
Candlewood Suites 204 46 20,641 3,816
Hotel Indigo 21 10 2,638 1,137
Holiday Inn Club
Vacations 112,412 2,412
Total 3,260 180 426,490 17,631
Analysed by ownership type
Owned and leased 10 (1) 3,505 (524)
Managed 199 640,915 1,219
Franchised 3,051 175 382,070 16,936
Total 3,260 180 426,490 17,631
The Americas hotel and room count grew by 180 hotels (17,631
rooms) to 3,260 hotels (426,490 rooms). The growth included
openings of 332 hotels (38,198 rooms) including Holiday Inn
Express openings of 170 hotels (15,547 rooms), representing 51%
of all hotel openings in the Americas. A further addition to the
system was the new Holiday Inn Club Vacations (1 hotel, 2,412
rooms) which gives IHG its first presence in the timeshare market.
The franchised business model continues to grow in the region,
with franchised hotels contributing over 97% of net growth.
Net growth also included removals of 152 hotels (20,567 rooms),
with Holiday Inn hotels representing 55% (74% of rooms) of
removals as the Group continued its efforts to improve quality
and reinvigorate the brand.
Americas hotel and room count
Americas pipeline
Hotels Rooms
Change Change
At 31 December 2008 over 2007 2008 over 2007
Analysed by brand
InterContinental 7(1) 2,293 (1,429)
Crowne Plaza 43 69,647 611
Holiday Inn 263 (2) 32,852 (177)
Holiday Inn Express 639 25 56,465 2,186
Staybridge Suites 154 716,678 757
Candlewood Suites 242 35 21,790 3,185
Hotel Indigo 55 37,032 467
Total 1,403 73 146,757 5,600
Analysed by ownership type
Owned and leased 11185 185
Managed 20 (1) 4,208 (753)
Franchised 1,382 73 142,364 6,168
Total 1,403 73 146,757 5,600
The Americas pipeline continued at record growth levels and
totalled 1,403 hotels (146,757 rooms) at 31 December 2008.
During the year, 60,402 room signings were completed, compared
with 75,279 room signings in 2007. Signing levels declined on
the record level in 2007 as a result of lower real estate and
construction activity amid the current economic outlook. Demand
in the key midscale sector remained positive, representing 61%
of hotel signings.