Shares in InterContinental Hotels Group (LON:IHG), the globe's largest provider of hotel rooms, ticked higher in London as it reported strong room revenue growth in its third quarter.
The group, which runs the Holiday Inn and Crowne Plaza brands, saw continued momentum across its brands, good growth in digital, and signed up hotels at the fastest rate since 2008, it revealed.
At Holiday Inn, the firm saw more than 10,000 room signings in the quarter - the best in the period for seven years.
Revenue per available room, or Rev Par, was up 4.8% compared to the same period a year ago.
In the Americas, that figure was up 4.3% and 5.1% in the first 9 months, while in Europe RevPAR rose 7.8% in the third quarter and 6.1% in the first nine months.
In Asia, the Middle East and Africa, it was up 7.1% in the third quarter, but in Greater China, RevPAR was down 0.7%.
Richard Solomons, the chief executive, said: "Holiday Inn delivered a record level of room openings, and we are expanding our global luxury footprint, particularly in Greater China where nearly a quarter of our 5k room signings in the region were driven by InterContinental Hotels & Resorts."
He added: "The completion of the sale of InterContinental Hong Kong marks the successful conclusion of our major owned asset disposal programme, with over 95% of our profit now from the fee business.
"Our innovative commercial strategy continues to deliver lowest cost revenues into our hotels, and we are on track to deliver a next generation cloud based Guest Reservation System for roll out in 2017."
He added that the lowest price promise campaign was driving year-on-year digital revenue growth of over 20% for Holiday Inn Express in the UK, and globally, mobile initiatives were delivering a year-on-year doubling in the usage of our app amongst loyalty members.
Shares added 2.34% to 2,365p.