InterContinental Hotels thanks The White Lotus for strong growth
The owner of the Holiday Inn chain of hotels has reported solid first-quarter results with strong demand in Europe and the Middle East offsetting continued decline in China.
InterContinental Hotels Group said it was on track to meet full-year 2025 consensus profit expectations, as global revenue per available room (revpar), a key industry metric, jumped 3.3 per cent for the first quarter compared with 3 per cent over the whole of last year.
The FTSE 100 hotels operator behind Kimpton and Crowne Plaza reported a revpar increase of 5.6 per cent and 6.2 per cent in Europe and the Middle East respectively, offsetting sluggish demand in China, where the figure was down by 3.5 per cent — similar to the past quarter.
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