InterContinental earnings up on good U.S. performance while China underperformed
Dalia Fahmy
Share
InterContinental Hotels Group Plc, the world’s largest provider of hotel accommodation, said 2012 profit rose 10 percent as the company generated more revenue per room in the Americas, its biggest market. [Earnings release]
Operating profit excluding exceptional items rose to $614 million from $559 million a year earlier, the Denham, England- based company said in a statement today. Analysts expected a profit of $608 million, the average of 15 estimates in a Bloomberg survey.
InterContinental’s revenue per available room, a measur
Hotel coverage is exclusive for Skift Pro subscribers.
