February 23, 2016 / 7:47 AM / 2 years ago

Hotelier IHG posts higher full-year profit, to return $1.5 bln

LONDON, Feb 23 (Reuters) - InterContinental Hotels Group Plc , one of the world’s largest hoteliers, reported a 4 percent rise in yearly profit on Tuesday, boosted by strong demand across all its regions.

The company said it would return $1.5 billion to shareholders via a special dividend, following the sales of Le Grand InterContinental in Paris for 330 million euros and InterContinental Hong Kong for $938 million.

IHG, which runs over 5,000 hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, reported operating profit of $680 million. Analysts were expecting $672 million according to a company-compiled consensus. (Peporting by Esha Vaish; Editing by Nick Macfie)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below