LONDON-InterContinental Hotels Group PLC said that its revenue per room or revpar increased by 7.4% in Q2 2010 compared to a 0.2% increase in Q1 2010. Revpar continued to increase with July registering an 8.1% increase.
InterContinental owns or franchises over 4,000 hotels worldwide under different brands including the Holiday Inn Express, Holiday Inn and Crowne Plaza. Room rates, which dropped during the recession period, have begun to increase lately. For the full story, go to the Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
