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Holiday Inn-owner IHG reports 10.5% rise in quarterly room revenue

2023-10-20 06:10
Holiday Inn-owner IHG posted a rise in quarterly revenue per room on Friday on higher room prices and
Holiday Inn-owner IHG reports 10.5% rise in quarterly room revenue

Holiday Inn-owner IHG posted a rise in quarterly revenue per room on Friday on higher room prices and "healthy" travel demand, with China now ahead of pre-pandemic levels.

IHG's global revenue per available room - a key performance indicator for the hotel industry - was up 10.5% in the third quarter compared with last year.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu)