Intercontinental continues its good performance in the first quarter of 2007 with continuing revenues showing up 10% from …
Intercontinental continues its good performance in the first quarter of 2007 with continuing revenues showing up 10% from £177m to £194m, up 20% at constant exchange rates. Continuing operating profit is up 5% from £42m to £44m, up 19% at constant exchange rates.
Total gross revenue* from all hotels in IHG’s system were up 13% at constant exchange rates to $3.9bn while global constant currency RevPAR growth was 7.6%. However, the strongest growth was in EMEA, up 13.0%, driven mainly by rate increases.
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