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InterContinental Revenue Growth Slows in October

Nov 8, 2011 8:57 AM

From Reuters
InterContinental Revenue Growth Slows in October
World No.1 hotelier InterContinental Hotels Group said revenue growth had slowed in October as unrest in the Middle East impacted trading, overshadowing third quarter profit which was at the top end of expectations.

Growth in revenue per available room (RevPAR), a key industry measure, slowed to 4.7 percent in October from 6.4 percent in the third quarter, the hotelier said Nov. 8. Click here for the full story.

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