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InterContinental Hotels Tripped Up by Security Concerns and Low Oil Prices

Patrick Whyte

Photo Credit: InterContinental London - The O2. RevPAR growth at IHG slowed in its third quarter. InterContinental Hotels Group

Skift Take

Concerns about security, especially in Europe, continue to play on the minds of both business and leisure travellers. Still InterContinental’s CEO remains bullish, believing that the sector’s fundamentals "remain compelling."

InterContinental Hotels Group has endured a slowdown in revenue-per-available-room growth as it continues to feel the effects of terrorism in Europe and the sluggish oil industry. RevPAR, which is a key metric in the hotel industry, grew by 1.3 percent in the third quarter but this was below analyst predictions of 1.8 percent and the 2 percent increase i

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