IHG Shares Fall on Middle East and Interest Worries
IHG reported strong third-quarter revenue growth driven by the US market. However, rising interest expenses and Middle East conflict concerns caused shares to drop. The hotel group also forecasted higher adjusted interest costs for 2027.
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INTERCONTINENTAL HOTELS-ADR reported a third-quarter RevPAR increase of 5.3%, beating consensus forecasts on strong domestic travel demand.
