Aided by Travel Recovery, IHG Profit Up
From Bloomberg:
InterContinental Hotels Profit Gains, Aided by Travel Recovery
InterContinental Hotels Group, the owner of the Holiday Inn brand, said profit rose 38 percent in 2010 as business travel recovered. Net income climbed to $293 million from $213 million in 2009, the Denham, England-based company said in a statement today. That compares with the $291.4 million average estimate of nine analysts surveyed by Bloomberg. Sales gained 5.9 percent to $1.63 billion. Click here for the full story.
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