Competition watchdog probes top hotel chains over data sharing Hospitality The UK’s competition watchdog has launched a probe into top hotel chains including Hilton, Marriott and FTSE 100 giant IHG over their suspected use of a data analytics tool to share information with each other. The Competition and Markets Authority (CMA) announced the investigation on Monday morning, which centres around the hotel chains’ use of [...]
British Basketball Federation owed half a million pounds when it went bust Sport Business The British Basketball Federation owed close to half a million pounds when it began the process of going into liquidation late last year. The BBF, which was in charge of the men’s and women’s GB teams, folded after a long-running legal battle with Super League Basketball, the top national domestic competition. Companies House filings show [...]
IHG: Holiday Inn owner reports room revenue growth Business Holiday Inn owner IHG’s revenue per available room was positive over the last quarter, despite concerns over its performance. In a third quarter trading update, Intercontinental Hotels Group reported global RevPAR, a key metric for the hotel industry, of 1.5 per cent. RevPAR in the UK grew by 2.2 per cent over the quarter, above [...]
IHG: Revenue up at Holiday Inn owner despite China slowdown August 6, 2024 Intercontinental Hotels Group (IHG), which owns the likes of the Holiday Inn chain, saw its revenue rise during the first half of 2024 thanks to a strong performance in Europe, the Middle East and Africa.
Roomzzz: Aparthotel chain boasts boosted turnover after opening its first Scottish site July 10, 2024 Serviced apartment chain Roomzzz has nudged its turnover up following the opening of its first Scottish location, according to newly-filed documents.
IHG: Holiday Inn owner posts rise in revenue driven by growth in Europe and Asia May 3, 2024 Holiday Inn owner InterContinental Hotels Group (IHG) has reported an increase in revenue as the tailwinds that turbocharged its profits last year roll over into 2024.
IHG: Holiday Inn owner unveils another buyback as revenue and profit jumps February 20, 2024 Total revenue at the British chain, which owns a number of affordable and high end hotel, also leaped £3.6bn.
Holiday Inn owner IHG reports revenues up almost a quarter as full recovery expected by 2025 August 8, 2023 Holiday Inn owner InterContinental Hotels Group (IHG) reported a 23 per cent rise in revenues during its half year results, as the chain was bolstered by a “healthy” demand for travel. The British hotel group also said operating profit rose 27 per cent to $479m (£375m) up from $377m (£295m) in the same period last [...]
Holiday Inn chief steps down as group sees bookings hike despite ‘economic tailwinds’ May 5, 2023 The chief of Holiday Inn owner International Continental Hotels (IHG) is to step down from the helm after nearly six years. Keith Barr, group chief executive officer of the global hotel chain will be succeeded by Elie Maalouf, who currently heads up its American operations. Barr has worked within the brand for almost 14 years, [...]