IHG plans to open 37 new UK hotels, creating 3,000 jobs over the next few years. The worldwide expansion will come from IHG's Inter Continental Hotels & Resorts, Holiday Inn, Crowne Plaza and Hotel Indigo brands.
Meanwhile, its third-quarter results showed operating profit to be down from $124m (£77m) last year to $115m (£71m). However, IHG said that excluding the impact of performance-based long-term incentive costs, operating profit actually increased 19% in this period.
Total gross revenue from all IHG's hotels came to $5.1bn (£3.2bn), up 13% at constant currency. It also demonstrated a global constant currency third quarter revenue per available room (RevPAR) growth of 8.1%, with occupancy growth of 4% and rate growth of 1.8%.
Net debts, totalling $801m (£496m), are down $358m (£222m) on 30 September 2009.