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RevPAR growth boosts IHG results

Profile Photo By: Steve Shellum
February 21, 2017

RevPAR growth boosts IHG results

London – 21 February 2017 – 
InterContinental Hotels Group reported a slightly better-than-expected yearly profit rise and said it would return US$400 million to investors via a special dividend and share consolidation.

IHG, which runs hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, posted a 4 percent rise in operating profit to US$707 million, ahead of analysts’ estimate of about US$695 million according to a company-compiled consensus, Reuters reported.

For 2015, the company had reported comparable profit of US$680 million.

IHG said revPAR grew 1.7 percent year-on-year in the three months through December at its hotels … Read More

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