August 6, 2019 / 6:20 AM / 2 months ago

IHG's first-half room revenue touch higher but China weighs

Aug 6 - InterContinental Hotels Group reported a marginally higher first-half room revenue on Tuesday as fewer business travellers in China and protests in Hong Kong led to a decline in demand from Greater China.

The owner of brands such as Crowne Plaza, Holiday Inn and Hotel Indigo said revenue per available room (RevPAR) rose 0.1% for the six months ended June 30 and said it was confident in its outlook for the rest of the year.

Reporting by Tanishaa Nadkar in Bengaluru Editing by Tomasz Janowski

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