InterContinental Hotels Group Plc, the world’s largest provider of hotel accommodation, plans to open “at least the same” number of hotels in China next year as 2013, even as growth in room revenue slows.
Jonathan Lu’s first job after college wasn’t what he’d envisioned -- stuck at the reception desk at a Holiday Inn in Guangzhou, China. He had forgotten to fill out a page of his university entrance exam and instead of architecture school, he ended up in a hotel management program.
U.K. stocks were little changed at a five-month high as investors weighed worse-than-estimated data on U.S. housing and factory output to gauge when the Federal Reserve will slow the pace of its stimulus.
InterContinental Hotels Group Plc is taking 24 percent of a joint venture with Duet India Hotels Group to build 19 Holiday Inn Express hotels in India during the next five years, the Financial Times reported, citing Richard Solomons , IHG’s finance director.
Mexico’s oceanside resorts and Mayan ruins are luring more visitors from abroad even as drug violence plagues parts of the country. The resurgence is spurring a wave of new investment in the hotel industry.
InterContinental Hotels Group Plc, the world’s largest provider of hotel accommodation, said first- half profit rose 20 percent and that it boosted its dividend after revenue in the Americas region increased. The shares rose the most in a year.