Holiday Inn Owner IHG Sees Growth in Third Quarter Room Revenue InterContinental Hotels Group (IHG), the parent company of Holiday Inn, has reported a 5.3% increase in revenue per available room (RevPAR) for the third quarter. This growth is attributed to steady expansion in the US market, which offset softer performance in China. The company's RevPAR growth in the US was driven by higher average daily rates and increased occupancy levels. In contrast, IHG's operations in China faced challenges, resulting in a decline in RevPAR. Despite this, the company's overall performance remained positive, with the US market contributing significantly to its growth. IHG's third quarter results demonstrate the resilience of its business model, with the company's diversified portfolio of brands and geographic presence helping to mitigate the impact of regional fluctuations. As the hospitality industry continues to recover from the pandemic, IHG's ability to adapt and grow in key markets will be crucial to its long-term success.