InterContinental Hotels Group PLC () saw its shares bead in morning trading afterwards the close appear slower advance in all-around apartment acquirement for the additional quarter, aching by a abatement in the US due to a afterwards Easter this year.
Posting after-effects for the bisected year to June 30, the FTSE 100-listed accumulation said its all-around commensurable acquirement per accessible allowance (RevPAR) was up 1.5% in the three months to June 30, bottomward from 2.7% advance in the aboriginal division and 2.5% advance a year earlier.
The Holiday Inn alternation abettor said the additional division RevPAR arrest included a abatement of 0.4% in the US, abnormally impacted by the timing of Easter which was in the aboriginal division a year earlier.
For the aboriginal bisected all-embracing RevPAR advance was 2.1% allowance the group’s appear acquirement to access by 2% to US$857mln, while operating accumulation rose by 8% to US$370mln.
IHG’s arch controlling Keith Barr said in a statement: “While we will consistently face macro-economic and geopolitical uncertainties, we abide assured in the angle for 2017.”
IHG shares topped the FTSE 100 fallers in
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