Holiday Inn 2012 Annual Report Download - page 7

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OVERVIEW BUSINESS REVIEW GOVERNANCE
GROUP FINANCIAL
STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS OTHER INFORMATION
Chairman’s Statement 5
Governance
IHG is committed to high standards of
corporate governance; we believe good
governance is a fundamental part of being
a Responsible Business and underpins
everything we do. This year, we again
commissioned a formal evaluation of
the performance of the Board from an
independent consultant, the findings of
which are outlined on page 54. The 2012
feedback confirmed that the Board and
each of its Committees continue to
operate effectively and that each
Director continues to make an effective
contribution and retains a strong
commitment to the role.
Further information on our governance
practices can be found on pages 45 to 80.
Outlook
There is no doubt that the global economy
will continue to see challenges in the year
ahead. IHG’s proven strategy, resilient
business model, portfolio of preferred
Brands, talented People and strong
balance sheet give us the confidence that
the business will continue to perform well
into the future and deliver long-term value
to all stakeholders.
Patrick Cescau
Chairman
+5%
Total gross revenue
from hotels in IHG’s System to $21.2bn*
Revenue up 4%† to $1,835m†
$614m†
Operating profit before exceptional items
Group $614m† (2011 $559mt)
The Americas $486m† (2011 $451mt)
Europe $115m (2011 $104m)
Asia, Middle East and Africa $88m (2011 $84mt)
Greater China $81m (2011 $67m)
+6.8%
Fee revenuez
Driven by 5.2% RevPAR growth and
2.7% net System size growth
+5.2%
Revenue per available room∞
Total number of rooms operating under
IHG brands 675,982 (4,602 hotels)
+16%: 64.0¢
Total full-year dividend
Sterling equivalent of 41.2p
8.4m
New Priority Club Rewards
members added
Total Priority Club Rewards members 71.4m
69% of rooms revenue delivered through
IHG’s channels or by Priority Club Rewards
members direct to hotel
* Total room revenue from franchised hotels and total hotel revenue from managed, owned and leased hotels (not all attributable to IHG).
†
Includes one significant liquidated damages receipt in 2012 of $3m in The Americas.
t
Includes two significant liquidated damages receipts in 2011; $10m in The Americas and $6m in Asia, Middle East and Africa.
z
Group revenue excluding owned and leased hotels, managed leases and significant liquidated damages. Growth stated at constant currency.
∞
Total System rooms revenue divided by the number of room nights available.
Crowne Plaza London-The City, UK