InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group reported a 1.5% increase in Q3 RevPAR, driven by robust business and group demand, with notable growth in the EMEAA region. The company opened 17.5k rooms and signed 19.2k rooms, reflecting a strong development pipeline, while also progressing with its $800m share buyback program, returning substantial capital to shareholders. Despite a decline in Greater China, IHG remains on track to meet its full-year expectations.
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