InterContinental Hotels Group Plc on Friday reported a slight rise in room reven...
The ticker symbol and company logo for InterContinental Hotels Group is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid
IHG’s comments on weakness in China follows Accor SA, Europe’s biggest hotel group, which recently said weakness in Asia held back growth in revenue per available room in its first quarter. IHG, whose 13 brands include Crowne Plaza, Holiday Inn and Hotel Indigo, has been focusing on business customers and expanding its luxury offerings to fight the rising challenges posed by companies such as Airbnb and online travel agents.
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