InterContinental Hotels Posts Surge In Profit

InterContinental Hotels Group PLC (NYSE: IHG) posted a rise in profit.

InterContinental Hotels' net profit in the year to end-December surged 57% to $460 million, versus $293 million, in the previous year. Its revenue gained 9% to $1.77 billion from $1.63 billion.

InterContinental Hotels' operating profit climbed 26% to $559 million from $444 million, versus analysts' estimates of $515 million to $556 million.