InterContinental Hotels Group has reported a record year in 2007, with strong global performance and excellent growth for all brands across all regions, especially in China.

Globally, the revenue per available room growth was 7% and the total gross revenue from all IHG hotels was US$18 billion, up 14%. The Asia Pacific region performed exceptionally, yielding 27% year-on-year growth in continuing revenues from US$204 million to US$260 million, and RevPAR increase at 8.9%.

IHG Asia Pacific grew new signings at a record pace in 2007, adding nearly 100 new hotels to its regional pipeline, an average of one new hotel signed every four days. Seven in 10 signings were for hotels in Greater China, the region's fastest growing market. In total, IHG now has 218 hotels in operation and 157 hotels in the development pipeline across Asia Pacific.

China is the fastest growing region for IHG in Asia Pacific. Of all hotel deals signed by international hotel companies in China, 47% are with IHG.

"This success in an increasingly competitive market like China is particularly impressive, and shows the power of IHG's brands, local-language call centers, websites and Priority Club Rewards loyalty program. We have a total pipeline of 107 hotels in Greater China, and we are on track to open our 125th hotel there by the end of this year," said Peter Gowers, chief executive, IHG Asia Pacific.

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