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Vacation Inn proprietor IHG posts 3.2% rise in income per room in Q2 By Reuters

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(Reuters) -Vacation Inn-owner InterContinental Motels Group reported a 3.2% rise in income per out there room (RevPAR) within the second quarter as a powerful rebound in america offset weak point in China.

RevPAR, a key business gauge of efficiency for the lodge business, within the second-quarter accelerated from 2.6% within the first three months, IHG mentioned.

“RevPAR growth accelerated in the latest quarter, reflecting a strong US rebound in Q2 and the breadth of our global footprint, and development activity continues to increase,” CEO Elie Maalouf mentioned in a press release.

The lodge business has benefited from increased demand and pricing as leisure journey rebounded from the pandemic. Nevertheless it has needed to deal with weak point in China and funding points holding again new lodge developments within the U.S.

IHG raised its interim dividend by 10% and reported an working revenue from reportable segments of $535 million for the first-half, up 12%.

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