Holiday Inn 2012 Annual Report Download - page 21

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OVERVIEW BUSINESS REVIEW GOVERNANCE
GROUP FINANCIAL
STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS OTHER INFORMATION
Performance 19
Hotels Rooms
At 31 December 2012
Change over
2011 2012
Change over
2011
Analysed by brand
InterContinental 170 157,314 (284)
Crowne Plaza 392 5108,307 3,203
Holiday Inn* 1,247 7231,488 3,232
Holiday Inn Express 2,192 78 205,631 8,965
Staybridge Suites 189 10 20,696 1,129
Candlewood Suites 299 14 28,675 1,175
Hotel Indigo 50 11 5,661 1,097
Other 63 (4) 18,210 (883)
Total 4,602 122 675,982 17,634
Analysed by ownership type
Franchised 3,934 102 500,792 11,721
Managed 658 21 170,998 6,005
Owned and leased 10 (1) 4,192 (92)
Total 4,602 122 675,982 17,634
* Includes 10 Holiday Inn Club Vacations (3,701 rooms) and 37 Holiday Inn Resort
properties (8,806 rooms) (2011: 7 Holiday Inn Club Vacations (2,928 rooms) and
32 Holiday Inn Resort properties (7,809 rooms)).
During 2012, the IHG global System (the number of hotels and rooms
which are franchised, managed, owned or leased by the Group)
increased by 122 hotels (17,634 rooms).
Openings of 226 hotels (33,922 rooms) were driven by continued
expansion in the US, particularly within the Holiday Inn brand family
which opened more than 11,000 rooms during 2012, and Greater
China. The level of hotel removals fell from 198 hotels (33,078 rooms)
in 2011 to 104 hotels (16,288 rooms) in 2012, as anticipated following
the completion of the Holiday Inn relaunch.
Global hotel and room count
Hotels Rooms
At 31 December 2012
Change over
2011 2012
Change over
2011
Analysed by brand
InterContinental 48 (3) 15,713 (1,910)
Crowne Plaza 98 (10) 31,183 (3,460)
Holiday Inn* 243 (24) 44,988 (5,762)
Holiday Inn Express 452 (18) 51,760 (441)
Staybridge Suites 71 (24) 7,544 (2,482)
Candlewood Suites 78 (16) 6,742 (1,320)
Hotel Indigo 47 (12) 5,869 (1,310)
EVEN 11230 230
HUALUXE 15 15 4,904 4,904
Other ––97 97
Total 1,053 (91) 169,030 (11,454)
Analysed by ownership type
Franchised 744 (109) 82,901 (13,612)
Managed 309 18 86,129 2,158
Total 1,053 (91) 169,030 (11,454)
* Includes nil Holiday Inn Club Vacations (nil rooms) and 12 Holiday Inn Resort
properties (2,390 rooms) (2011: 1 Holiday Inn Club Vacations (658 rooms) and
15 Holiday Inn Resort properties (3,037 rooms)).
Global pipeline signings
Hotels Rooms
At 31 December 2012
Change over
2011 2012
Change over
2011
Total 356 –53,812 (1,612)
Global pipeline
At the end of 2012, the pipeline totalled 1,053 hotels (169,030 rooms).
The IHG pipeline represents hotels and rooms where a contract has
been signed and the appropriate fees paid. The continued global
demand for IHG brands is demonstrated by over 50% of pipeline
rooms being outside of The Americas region, including 30% in
Greater China.
Excluding 25 hotels (4,796 rooms) signed as part of the US
government’s Privatization of Army Lodgings initiative in 2011,
signings increased from 331 hotels (50,628 rooms) to 356 hotels
(53,812 rooms). Signings during 2012 included 15 hotels for the
HUALUXE Hotels & Resorts brand, as well as the first signing for
the EVEN Hotels brand.
During 2012, the opening of 33,922 rooms contributed to a net
pipeline decline of 11,454 rooms. Active management out of the
pipeline of deals that have become dormant or no longer viable
reduced the pipeline by 31,344 rooms, representing a decrease
of 11.8% over 2011.