IHG’s Q2 Room Revenue Surges on Robust Travel Demand in China and Americas
InterContinental Hotels Group Reports Strong Second-Quarter Performance
(Corrects RevPAR figures for global, Americas and China in paragraph 3 to 3.5%, 5.4% and 0.8%, from 4.1%, 4.8% and 3.1%)
Revenue Growth Driven by High-Spending Travellers and Major Events
Aug 11 (Reuters) - InterContinental Hotels Group reported higher second-quarter revenue per available room from a year ago on Tuesday, helped by solid demand among high-spending travellers and during the soccer World Cup.
Impact of Global Events on Travel Demand
Demand for travel among affluent travellers has remained robust even as the conflict in the Middle East enters its sixth month, further buoyed by the soccer World Cup matches held across the U.S., Canada and Mexico.
Regional Revenue Performance Highlights
The Holiday Inn-owner posted global revenue per available room growth of 3.5%, helped by an 5.4% increase in Americas and 0.8% rise in China revenues for the three months ended June.
Reporting and Editorial Credits
(Reporting by Prerna Bedi in Bengaluru; Editing by Mrigank Dhaniwala)