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...The group is burdened with £3.7bn of net debt....
...HOLD: InterContinental Hotels (IHG) The hotel group’s Americas market went backwards despite a good performance elsewhere, writes Christopher Akers....
...The Financial Times obtained the brochure for the dinner at the InterContinental hotel on Park Lane, where speakers included Hunt via video link and business secretary Kemi Badenoch....
...HOLD: InterContinental Hotels Group’s (IHG) The company launched a new share buyback programme and raised its dividend as leisure travel demand remains strong, writes Christopher Akers....
...InterContinental Hotels Group aims to double its portfolio in Germany to more than 200 hotels by 2028, through a 30-year franchise agreement with the country’s largest family-run hotel operator Novum Hospitality...
...InterContinental Hotels Group, owner of the Holiday Inn and Crowne Plaza chains, said its performance had normalised after the impact of the pandemic as it reported significant improvements to trading performance...
...Second in the ranking was the UK’s InterContinental Hotels Group....
...be fraught with risk for the hotel group....
...InterContinental Hotels Group and Carrefour will also unveil full-year results....
...(which also owns Six Senses and InterContinental), positions Regent as its most luxurious marque....
....— Should the company known as Bass, in its 1984 iteration, be seen as having evolved into InterContinental Hotels, or into Mitchells & Butlers?...
...SELL: Hotel Chocolat (HOTC) Cost base efficiencies are yet to have a pronounced impact at the chocolate retailer, writes Mark Robinson....
...Earnings: The UK’s InterContinental Hotels Group publishes third-quarter results on Friday. British estate agency Foxtons is to issue a third-quarter trading update....
...While hotels and airlines have used dynamic pricing for decades, restaurants and entertainment facilities are increasingly adopting the model....
...InterContinental Hotels Group, the owner of the Holiday Inn and Crowne Plaza chains, has predicted a full recovery for travel worldwide by 2024, led by a strong US economy and the end of Covid-19 restrictions...
...The chief of Holiday Inn owner InterContinental Hotels Group has warned that the UK stock market is “not a very attractive place” for listed companies and called on authorities to get on the “front foot”...
...Financial markets closed US: April employment figures Results: AES Q1, Crédit Agricole Q1, Hershey Q1, Ingersoll Rand Q1, InterContinental Hotels AGM & trading statement, Legrand Q1, Société Générale Q1...
...The company has stopped reporting the occupancy rate for its co-working centres, switching instead this quarter to revenue per available room, a metric used in the hotel industry....
...Recently some InterContinental Hotels Group shareholders have enquired about a change of scenery for its primary listing, specifically to the US....
...That would come on the heels of other deals this year such as dermatology group Galderma, controlled by Swedish buyout group EQT, which raised SFr2.3bn ($2.5bn) in March....
...Relax in LA, the Maybourne way When the Maybourne group (they of Claridge’s and The Connaught) took over the old Montage Beverly Hills hotel, you could almost hear the cheering....
...The group’s revenue is expected to be about €150mn in the year ending December 31, and Serco is acquiring the business from Korte-Stiftung....
...It also owns budget hotels operated by Travelodge....
...Tritax Management, a specialist fund manager backed by Abrdn, would take over the running of the combined group, which would have a market capitalisation of £3.9bn and a portfolio of £6.3bn, the companies...
...For UK-based InterContinental Hotels Group, owner of the Holiday Inn brand, investor suggestions that it should switch to a US primary listing have also kept it occupied....
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