| IHG.L | 13:22 BST | 1,022.00 | +59.00 | -  6.13% |
The hotelier, which runs over 4,400 hotels, posted first-half operating profits up 23%t at $269 million (164 million pounds) beating a company compiled consensus of $256 million, while half-year sales rose 10% to $850 million.
The half-year dividend rose 25% to 16.0 US cents.
The group said first-half global revenue per available room (RevPAR), a key industry measure, grew 6.7 percent, with an 8.2 percent rise in the United States and a 12.7 percent rise in China. In July, global RevPAR rose a slightly less 5.6 percent.
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| Intercontinental Hotels Group PLC Broadwater Park Denham, UB9 5HR United Kingdom - Map Phone: 44 18 9551 2000 Fax: 44 18 9551 2101 Website: http://www.ihgplc.com | ||||
| Business Summary |
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InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The company owns a portfolio of various brands, including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts, Holiday Inn Express, Staybridge Suites, Candlewood Suites, and Hotel Indigo. As of July 26, 2011, it owned, managed, franchised, and leased a portfolio of approximately 4,400 hotels and 652,000 guest rooms in 100 countries and territories worldwide. The company was founded in 1967 and is based in Denham, the United Kingdom.
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