InterContinental Hotel Group (IHG) operating profit increased 23% to exceed $1 billion for the first time in 2023. While, after-tax profit increased to $750 million in 2023, up from $376 million a year earlier. Key indicator revenue per available room (RevPAR) rose 16% year-over-year thanks to strong trading following the lifting of travel restrictions imposed […]
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The number of hotel owners using third-party operators to run their properties looks set to increase across Europe, reflecting the desire for flexibility as well as a number of other benefits, according to our latest report, The Rise of Third-Party Hotel Operators in Europe. The trend for third-party operators (TPOs) has emerged from the USA, […]
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IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group (a member of Sun Group), the renowned tourism-focused real estate developer. Following the success of the award-winning InterContinental Danang Sun Peninsula Resort, the companies will extend their partnership […]
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