Market Overview

UPDATE: InterContinental Hotels Posts Rise In Q3 Net Profit

Related IHG
Starwood Stable Despite Uncertain Environment - Analyst Blog
Ritz-Carlton to Debut in Langkawi - Analyst Blog

InterContinental Hotels Group PLC (NYSE: IHG) posted an increase in its third-quarter profit.

InterContinental Hotels' quarterly net profit before exceptional items rose to $118 million, from $105 million, in the year-ago period. However profit after exceptional items dropped to $174 million, from $178 million.

Its operating profit before exceptional items climbed 9% to $167 million from $153 million, while revenue rose 1% to $473 million from $467 million.

InterContinental Hotels' global revenue per available room increased 3.9%.

InterContinental Hotels shares closed at $24.50 yesterday.

Posted-In: profitEarnings News

 

Most Popular

Related Articles (IHG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters