Africa, Asia And Middle East Boots Q3 for Intercontinental Hotels
Published on Nov 5 2013 8:56 AM in Hotel
The world's largest hotelier, InterContinental Hotels Group Plc (IGH), has had a 3.3% rise in third quarter revenue lifted by Asia, Africa and the Middle East.
The company's shares fell around 2% in October after it reported a slowdown in U.S. trading in the third quarter due to the earlier timing of public holidays.
In the first half of the year, IHG cited strong demand in the United States that was helping it - and rivals Starwood and Marriott International - offset tougher conditions in Europe and China.
"Despite the ongoing challenges in some of our markets, current trading trends give us confidence for the rest of the year," said Chief Executive Richard Solomons
IGH, which owns the Crowne Plaza hotels in Dundalk and Blanchardstown, said it is forging ahead with new brands, with 21 Hauluxe hotels and resorts in the pipeline.