InterContinental Hotels sees improvements in US and China
07/05/2021, 9:20 am
Holiday Inn owner Intercontinental Hotels has seen revenues continue to be subdued due to the coronavirus pandemic (Steve Parsons/PA)
InterContinental Hotels has seen a slight improvement in business in the first three months of the year, with strong growth in the US and China.
Bosses said revenue per available room – their preferred measure – was still heavily down on pre-pandemic levels at 50.6% but that occupancy levels did improve during the quarter.
Chief executive Keith Barr said: “There was a notable pick-up in demand in March, particularly in the US and China, which continued into April.