Holiday Inn owner IHG falls after Q2 room revenue growth slows
11/08/2026 08:45
BUZZ-Holiday Inn owner IHG falls after Q2 room revenue growth slows ** British hotel operator InterContinental Hotels Group IHG.L falls 2.7% to 151.35 pence; among the top losers on FTSE 100 .FTSE index, which is down 0.1%
** IHG says Q2 global revenue per available room slowed to 3.5% compared to 4.4% in Q1 due to sharp drop in the Middle East
** "Q2 slowdown in EMEAA, still scarred by the Middle East, and the usual statutory noise around foreign exchange swings were enough to prompt a cautious reaction," says Adam Vettese, market analyst at etoro
** Co said it is on track to meet full year consensus profit and earnings expectations
** YTD, IHG up 8% while FTSE 100 up about 9%
(Reporting by Megha Anilkumar Nair in Bengaluru)