Holiday Inn owner IHG beats quarterly revenue estimates as international growth offsets US slowdown
IHG reported fourth quarter revenue growth of 1.6 percent to beat market estimates. Strong international gains helped offset weakness in the United States.
Insights:
InterContinental Hotels Group PLC reported fourth-quarter global revenue per available room and room revenue growth of 1.6% on February 17, surpassing the company-compiled analysts’ expectation of 1.5%. The results, which cover the quarter ended December 31, show that the company exceeded consensus estimates by 0.1 percentage point during the final period of the year.
