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Feb. 19, 2013, 3:22 AMInterContinental Hotels Group (IHG): 2012 net profit +18% to $544M, revenue +4% to $1.84B and operating profit +10% to $614M, topping consensus of $605M. Global constant-currency revenue per available room +5.2%, +6.3% in U.S. and +5.4% in Greater China. Recommends full-year dividend of $0.64/share, +16%. To push ahead with sale of New York Barclay and InterContinental Park Lane hotels, which are valued at a combined $737M. (PR I, II) | Comment!
Aug. 7, 2012, 2:55 AMInterContinental Hotels Group (IHG): Q2 net profit +39% to $121M, revenue +3.3% to $469M. Boosted by robust demand in the U.S. - where occupancy is high across the sector - as well as new hotels in China and India. Revenue per available room +6.1%. To pay $500M in a special dividend and to repurchase $500M of shares, starting in Q4. (PR) | Comment!
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InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The Company operates its hotels under the brands InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels.
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