InterContinental Hotels Group reports higher Q1 room revenue
Updated
Updated · The Wall Street Journal · May 7
InterContinental Hotels Group reports higher Q1 room revenue
11 articles · Updated · The Wall Street Journal · May 7
Global RevPAR rose 4.4%, occupancy increased 1.5% and average daily rate climbed 2%, while Americas room revenue grew 3.6% and Greater China accelerated to 5.7%.
EMEAA room revenue increased 5.6% despite significant disruption from the Middle East conflict from late February, with the company saying stronger demand elsewhere offset the impact.
The UK hotel group, owner of Crowne Plaza and Holiday Inn, said Chinese New Year demand and improving business travel supported results and it expects continued growth in the second quarter.
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