Market Overview

UPDATE: InterContinental Hotels Posts Rise In Q3 Net Profit

Related IHG
InterContinental Hotels Posts Higher 2014 Profit, Lifts Dividend
Hotel Stocks Soar Amid Positive News
Hilton Worldwide Hits 52-Week High on Strong RevPAR - Analyst Blog (Zacks)

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


Related Articles (IHG)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→