InterContinental Hotels (IHG) has delivered an encouraging first-quarter (Q1) trading update, although shareholders may be more concerned by what’s potentially around the corner.
For now, however, the hotel group’s Q1 trading performance provides encouragement, with global revenue per room (Revpar) up 4.4 per cent at constant currencies. The occupancy rate was up by 1.5 per cent, with positive outcomes recorded in all the group’s locales.