InterContinental Hotels Group reported slower growth in revenue per room in the second quarter, sending its shares down 4%, as a late Easter weighed on its US performance.

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 Group reported first-quarter room revenue that beat analyst estimates as the owner of the Holiday Inn and Crowne Plaza saw increases in all its regions.