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flag IHG reports 1.5% global Q3 RevPAR increase, driven by Europe & Asia, despite 10.3% China decline due to weather and timing. CEO Elie Maalouf remains optimistic.

flag Intercontinental Hotel Group (IHG), owner of Holiday Inn, reported a 1.5% increase in global revenues per available room (RevPAR) for Q3 2024, driven by strong demand in Europe and Asia. flag However, Greater China experienced a 10.3% decline due to adverse weather and holiday timing. flag CEO Elie Maalouf expressed optimism about meeting market expectations for the year. flag IHG opened 98 new hotels, reflecting ongoing expansion efforts.

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