Holiday Inn-owner InterContinental Hotels Group reported a slight dip in revenue...
FILE PHOTO: The ticker symbol and company logo for InterContinental Hotels Group is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid/File Photo
- Holiday Inn-owner InterContinental Hotels Group reported a slight dip in revenue per room in 2019, hurt by a fall in bookings in Hong Kong due to last year’s protests as it braces for the impact of the coronavirus outbreak. The hotel operator, which has 443 hotels in Greater China under different brands, said comparable revenue per available room fell 0.3% globally, and in Greater China by 4.5%.
The update, which included results to the end of December, gave no indication of the effect the coronavirus was having on its results since Chinese authorities took aggressive measures to halt the spread of the virus a month ago.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Standoff Cost the NBA ‘Hundreds of Millions’Months after an executive tweeted his support for Hong Kong’s protesters, the NBA’s relationship with China remains strained, and commissioner Adam Silver says the league expects to take a substantial financial hit.
Read more »
Hong Kong protesters rally against planned virus quarantine centersHundreds of demonstrators rallied for a second day in Hong Kong on Sunday to pro...
Read more »
Hong Kong protesters rally against planned virus quarantine centersHundreds of demonstrators rallied for a second day in Hong Kong on Sunday to pro...
Read more »
Hong Kong increases funds to tackle coronavirus outbreak to $3.6 billionHong Kong leader Carrie Lam said on Tuesday the government would increase handou...
Read more »
Hong Kong increases funds to tackle coronavirus outbreak to $3.6 billionHong Kong leader Carrie Lam said on Tuesday the government would increase handou...
Read more »
Southeast Asia's tourist hubs court local market as coronavirus shuts Chinese outSoutheast Asia's holiday hotspots, hit by billions in lost business from Ch...
Read more »