InterContinental Hotels Group (IHG) reported a 19% rise in its operating profits for 2007 of £883m compared with £786m in 2006.
The chain said its gross revenues from all hotels rose by 14% to $18bn while globally its revenue per available room (revPAR) went up during the by 7%.
During the year, IHG said it had added 125,533 rooms, an increase of 22%. There are a further 225,872 rooms in the pipeline.
IHG said it was the largest non-domestic hotel operator in China with 70 new hotels (25,590 rooms) signed up during the year while in the Middle East, 19 hotels (5,307 rooms) were signed up.
In Europe, IHG said revPAR had risen by 7.6% with strong increases in France of 10.3% but slower growth in Germany after the 2006 World Cup.
Operating profit in the EMEA region was up by 81% from £37m in 2006 to £67m. £14m of the improved figure came from the newly re-furbished InterContinental Park Lane while the also re-furbished InterContinental Paris Le Grand reported a 14% rise in revPAR.
During the year IHG raise £106m on the sale of hotels or shares of hotels. This included £19m for its 33.3% interest in the Crowne Plaza London The City and £17m for its 74.11% interest in the InterContinental Montreal.
Andrew Cosslett, IHG's ceo, said: "IHG delivered a strong performance in 2007 reporting continuing revenue growth of 20% in constant currency.
"The number of rooms in our system grew by a record 5% and global RevPAR increased 7%, with all our brands out-performing in their major markets across the world.
"We signed almost 900 hotels into our development pipeline during the year, more than three times the number signed in 2003, our first year as an independent company."
He said the company was "positioned well for future growth in what is now a less predictable economic environment."