IHG Hotels & Resorts Releases First Quarter Trading Update
IHG Hotels & Resorts released its Q1 2022 trading update. The highlights from the report include: Q1 group RevPAR up 61 percent versus 2021 and attaining 82 percent of 2019’s level Average daily rate up 27 percent versus 2021 and in line with 2019 Americas and EMEAA saw improved trading in February and March after a challenging January Greater China trading in March impacted by the tightening of localized travel restrictions Gross system size growth […]
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