financetom
Business
financetom
/
Business
/
Holiday Inn owner IHG reports 2.6% rise in quarterly room revenue
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Holiday Inn owner IHG reports 2.6% rise in quarterly room revenue
May 2, 2024 11:46 PM

(Reuters) -Holiday Inn owner Intercontinental Hotels Group ( IHG ) posted a 2.6% rise in first-quarter room revenue on Friday, helped by its performance in Japan, Australia, Europe and the Middle East.

"There was an impressive performance in EMEAA, which was up nearly 9%," CEO Elie Maalouf said in a statement, referring to Europe, the UK, Australia, the Middle east and Japan.

Room revenue was up 16.9% in Japan, 10.2% in Australia, 7.4% in the Middle East and 6.2% higher in Continental Europe.

The owner of the Regent and Crowne Plaza hotel chains said its occupancy was up 2 basis points and the gross system size growth was up 5%.

(Reporting by Chandini Monnappa and Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Rush Street Interactive Insider Sold Shares Worth $1,401,063, According to a Recent SEC Filing
Rush Street Interactive Insider Sold Shares Worth $1,401,063, According to a Recent SEC Filing
Apr 2, 2024
05:35 PM EDT, 04/02/2024 (MT Newswires) -- Richard Todd Schwartz, Director, Chief Executive Officer, on April 01, 2024, sold 208,390 shares in Rush Street Interactive ( RSI ) for $1,401,063. Following the Form 4 filing with the SEC, Schwartz has control over a total of 2,048,179 shares of the company, with 2,048,179 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1793659/000179365924000028/xslF345X03/wk-form4_1712093647.xml Price: 6.85,...
Marathon Digital Closes Bitcoin Mining Data Center Acquisition From Applied Digital
Marathon Digital Closes Bitcoin Mining Data Center Acquisition From Applied Digital
Apr 2, 2024
05:35 PM EDT, 04/02/2024 (MT Newswires) -- Marathon Digital ( MARA ) said late Tuesday it has completed the acquisition of a bitcoin mining data center in Garden City, Texas, with a name plate capacity of 200 megawatts, from Applied Digital Corporation ( APLD ) . With orders and options for machines that represent an additional 45 exahash of capacity...
NamSys Reports Fiscal First-Quarter Results
NamSys Reports Fiscal First-Quarter Results
Apr 2, 2024
05:35 PM EDT, 04/02/2024 (MT Newswires) -- NamSys ( NMYSF ). (CTZ.V), a provider of technology for cash processing and transportation, on Tuesday said its fiscal first-quarter profit rose on higher revenue.. The company said revenue for the quarter ending Jan.31 rose to C$1.5 million, up 6% from $1.4 million in the year-prior quarter. while its profit rose 12% to...
Equitable Holdings Insider Sold Shares Worth $1,129,903, According to a Recent SEC Filing
Equitable Holdings Insider Sold Shares Worth $1,129,903, According to a Recent SEC Filing
Apr 2, 2024
05:36 PM EDT, 04/02/2024 (MT Newswires) -- Mark Pearson, Director, President and CEO, on April 01, 2024, sold 30,000 shares in Equitable Holdings ( EQH ) for $1,129,903. Following the Form 4 filing with the SEC, Pearson has control over a total of 695,025 shares of the company, with 695,025 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1333986/000095017024040400/xslF345X03/ownership.xml Price: 36.92, Change: -0.33,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved