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Stock impact report

IHG average room revenue slides 76% in May, shows slight improvement from April [Reuters]

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share) (IHG) 
US:NYSE Investor Relations: ihgplc.com/investors
Company Research Source: Reuters
IHG average room revenue slides 76% in May, shows slight improvement from April June 30 (Reuters) - InterContinental Hotels Group Plc on Tuesday posted a 76% slump in average room revenue in May due to coronavirus lockdowns, a slight improvement from the preceding month as the Holiday Inn-owner ramps up the reopening of its properties. The company said comparable Revenue Per Available Room (RevPAR), a key gauge of performance for the hotel industry, is expected to fall 75% for the second quarter overall. (Reporting by Muvija M in Bengaluru; Editing by Rashmi Aich) Show less Read more
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