Holiday Inn and Crowne Plaza firm predicts no let-up in holiday travel boom

Owner IHG's global revenue per available room, a key performance indicator for the hotel industry, rose 17% in the second quarter, helped by higher room rates and a rebound in China

IHG expects room revenue growth to remain positive across its regions in the second half of 2023 'irrespective of any' economic pressures.

Holiday Inn and Crowne Plaza-owner IHG expects room revenue growth to remain positive across its regions in the second half of 2023 "irrespective of any" economic pressures, with holiday travel showing no sign of cooling. 

The hotel group raised its dividend by 10% after reporting 27% jump in operating profit from reportable segments in the six months to June 30. It did not specify second-quarter profit numbers for the quarter.