InterContinental Hotels Group has released its results for the last financial year, which reveal that the global brand had mammoth success with its boutique arm, Kimpton Hotels and Restaurants.
IHG acquired the number boutique name in the US, Kimpton, in January 2015 and then went on to deliver its best ever year for openings and signings.
Across both the Kimpton and Hotel Indigo brands, also under the IHG umbrella, there was a total of 14 openings and 27 new signings, including the signing of the first Kimpton hotel outside of the Americas in Amsterdam.
IHG has also revealed it is working on more than 10 other deals for the Kimpton brand across major cities in Europe, AMEA and China.
Commenting on the hotel group’s results, Richard Solomons, chief executive officer, said: “Our strong momentum in 2015 was driven by a clear strategy and disciplined execution. We delivered our highest room openings since 2009, our best signings since 2008, 11% underlying profit growth and 19% underlying EPS growth.
“We have strengthened our brand portfolio, adding Kimpton Hotels & Restaurants into the IHG family and accelerating signings across our mainstream and extended stay brands.
“Looking into the medium term, despite economic and political uncertainty in some markets, the prospects for the hotel industry remain good and the strength of our business model gives us the confidence to propose a 10% increase in total dividend for the year.”
IHG also announced that in 2015, it grew its digital revenues more than any other channel to $4.2m, and piloted the ‘guest request’ app in a bid to increase guest satisfaction across the board.
This year will see the brand celebrate the 70th anniversary of InterContinental Hotels & Resorts and the 25th anniversary of Holiday Inn Express.
Looking ahead to 2017, IHG is planning to roll-out the industry’s first cloud-based guest reservation system and has more than 1,300 properties in the development pipeline.