UPDATE 2-Weaker France and China demand weigh on InterContinental [Reuters]
Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share) (IHG)
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Source: Reuters
UPDATE 2-Weaker France and China demand weigh on InterContinental - Reuters 2 Min Read * Social unrest hits France business * China room revenue shows no growth * South Korea hit by tough comparisons after Olympic year (Adds details on results, share price) By Karina Dsouza and Tanishaa Nadkar May 3 (Reuters) - InterContinental Hotels Group Plc said fewer people checked into its hotels in the first quarter due to lower demand in China, South Korea and France. InterContinental, whose 13 brands include Crowne Plaza, Holiday Inn and Hotel Indigo, reported a 0.3 percent rise in room revenue as strong demand in the Latin America and Caribbean markets was offset by weakness in the Greater China region. Occupany rates slipped 0.2 percent in the period The FTSE 100 company’s shares fell 3.3 percent to 4,833 pence in the first hour of trading before cutting their losses to 1 percent by 0915 GMT. IHG reported a 3 percent fall in revenue per available room (RevPaR) in France as it felt the impac
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IHG
News
- InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 10Accesswire
- InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 9Accesswire
- InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 8Accesswire
- InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 07Accesswire
- InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 3Accesswire
IHG
Sec Filings
- 5/3/24 - Form 6-K
- 5/3/24 - Form 6-K
- 5/3/24 - Form 6-K
- IHG's page on the SEC website