IHG Posts Higher Third-Quarter Room Revenue
InterContinental Hotels Group reported a 5.3% growth in third-quarter revenue per available room driven by steady US demand. The strong leisure travel offset softness in China, allowing the company to reiterate its annual profit forecast.
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INTERCONTINENTAL HOTELS GROU posted a 5.3% rise in third-quarter revenue per available room on Thursday morning, driven by strong domestic demand. That performance exceeded the 4.4% average analyst consensus compiled by the company. The beat highlights resilient affluent travel despite broader macroeconomic headwinds and geopolitical friction.
