InterContinental group sees strategy pay off

Holiday Inn and Crowne Plaza operator InterContinental Hotels posted a 30% rise in profits today and pledged a windfall for shareholders as part of its hotel disposal scheme.

InterContinental group sees strategy pay off
Tue, 22 Aug, 2006 - 09:24

Holiday Inn and Crowne Plaza operator InterContinental Hotels posted a 30% rise in profits today and pledged a windfall for shareholders as part of its hotel disposal scheme.

The England-based firm, which is the largest hotelier in the world, said operating profits climbed to £107m (€157m) in the first six months of the year.

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