InterContinental Hotels Group PLC (ICHGF)

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96.80

-0.20

(-0.20%)

At close: 09:34AM EDT

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The Telegraph
Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.
PA Media: Money
First quarter revenues rise at hotels giant IHG
It came as the company, which also runs Crowne Plaza hotels, continued to expand by opening more than 6,200 rooms across 46 hotels.
Reuters
Holiday Inn owner IHG's Q1 revenue up 2.6%, leisure travel demand remains strong
(Reuters) -Holiday Inn owner Intercontinental Hotels Group (IHG) posted a 2.6% rise in first-quarter room revenue on Friday and said it continues to expect demand for leisure travel to remain strong. Hotel chain owners, including IHG, have benefited from a tourism boom over the past year, although some US hoteliers expect a slowdown this year. "Travel still remains key to what people want to do," CEO Elie Maalouf said in a media call.