InterContinental posts 11 percent profit rise
LONDON Feb 18 (Reuters) - InterContinental Hotels Group , the world's biggest hotelier, posted an 11 percent rise in 2012 profit, underpinned by a strong U.S. business and expansion in developing markets.
The hotelier, home to Crowne Plaza, Holiday Inn and InterContinental brands, said on Tuesday 2012 operating profit was $614 million, ahead of a $605 million company supplied consensus estimate.
Annual revenue rose 5 percent to $1.84 billion, while the dividend rose 16 percent to 64 US cents.
The British group, which operates more than 670,000 rooms in over 4,500 hotels worldwide, said it was positioned for a further good performance in 2013.
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video