Rebranding Efforts Help IHG to Solid First-Quarter Results
From The Toronto Star:
Rebranding Efforts Help IHG to Solid First-Quarter Results
InterContinental Hotels Group PLC reported solid first-quarter results that were in line with our expectations. Revenue increased 9% (6% on a constant currency basis) to $396 million. Sales were driven by solid first-quarter global revPAR growth of 6.9%, with revPAR growth particularly strong in the U.S. (up 8.4%) and China (up 18.8%). U.S. revPAR growth across the industry averaged 9%. Click here for the full story.
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