IHG reports a 3.2% RevPAR increase in Q2, largely due to US rebound and global footprint.

Holiday Inn owner IHG sees 3.2% RevPAR increase in Q2, driven by a strong US rebound & global footprint. CEO Elie Maalouf attributes growth to the US rebound, global footprint, & development activities. The hotel industry faces challenges, including weak China performance & funding issues for US hotel developments. IHG raises interim dividend by 10% and reports a 12% increase in operating profit for H1 of 2022.

August 06, 2024
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