InterContinental posts 11 percent profit rise

LONDON Tue Feb 19, 2013 2:22am EST

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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.