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IHG — Intercontinental Hotels News Story

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Holiday Inn owner IHG's third-quarter room revenue beat estimates

Oct 23 (Reuters) - Holiday Inn owner InterContinental Hotels Group IHG.L (IHG) surprised the market with a 0.1% rise in third-quarter global revenue per available room (RevPAR) on Thursday as growth across Europe and Middle East made up for weak performance in the U.S., its largest market.

Analysts had expected a 0.1% global RevPAR fall for the hotel operator in the quarter ended September 30, according to a company-compiled consensus.

 (Reporting by Raechel Thankam Job in Bengaluru; Editing by Harikrishnan Nair)

 ((RaechelThankam.Job@thomsonreuters.com;))

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