Intercontinental hotels hit by early Easter and low oil price

Holiday Inn owner InterContinental Hotels has said that growth in the first quarter has been hit by the low oil price and the early Easter.

Intercontinental hotels hit by early Easter and low oil price
Fri, 06 May, 2016 - 09:48

Holiday Inn owner InterContinental Hotels has said that growth in the first quarter has been hit by the low oil price and the early Easter.

Room revenue for the period stood at 1.5%, with the Middle East region dragging on sales.

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