Holiday Inn owner IHG’s room revenue surges on travel recovery

2022.05.06 09:31

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FILE PHOTO: The ticker symbol and company logo for InterContinental Hotels Group is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid

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(Reuters) – Intercontinental Hotels Group (NYSE:IHG) on Friday signalled a sharp recovery in the hospitality sector as people gradually resume leisure and business travel after countries eased pandemic-related restrictions.

Holiday Inn owner’s RevPAR, or revenue per available room, was up 61% for the three months ended March 31, as the group saw improved trading in its Americas and EMEAA regions.

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