(Reuters) -Vacation Inn-owner InterContinental Lodges Group reported a 3.2% rise in income per out there room (RevPAR) within the second quarter as a robust rebound in america offset weak point in China.
RevPAR, a key trade gauge of efficiency for the resort trade, within the second-quarter accelerated from 2.6% within the first three months, IHG mentioned.
“RevPAR growth accelerated in the latest quarter, reflecting a strong US rebound in Q2 and the breadth of our global footprint, and development activity continues to increase,” CEO Elie Maalouf mentioned in a press release.
The resort trade has benefited from greater demand and pricing as leisure journey rebounded from the pandemic. Nevertheless it has needed to take care of weak point in China and funding points holding again new resort developments within the U.S.
IHG raised its interim dividend by 10% and reported an working revenue from reportable segments of $535 million for the first-half, up 12%.
