InterContinental Hotels Group today posted a 1.5% rise in first-quarter global room revenue, missing analysts' estimates.
But the hotel group said it was confident for the rest of the year, citing current trading trends and brand momentum.
IHG, which runs over 5,000 hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, said weak oil markets and the earlier timing of Easter, affected several of its markets.
However, it added that despite both economic and political uncertainty in some markets, current trends and "the momentum behind our brands give us confidence for the rest of the year".
The hotelier has a high concentration of rooms in oil producing markets, where RevPAR - revenue per available room (RevPAR), a key industry measure - was down 10.4% compared to a 1.9% rise in the Americas.
Growth in Europe was driven by higher revenue in Germany and Russia, two of its priority markets, while RevPAR in France was down 2.3%, hurt by declines in Paris.
Its Asia, Middle East and Africa region posted a 1.1% drop in RevPAR, while in Greater China it grew 2.2%.
IHG added that, as announced in February, it would return $1.5 billion to shareholders through a special dividend on May 23.
