InterContinental Hotels Group Plc report improvement in trading for Q3 2020

October 23, 2020 10:44 AM BST | By Team Kalkine Media
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InterContinental Hotels Group Plc (LON: IHG) has released the third-quarter trading update.

  • The company has reported that though there was an improvement in trading in the third quarter, progress varied across region.
  • Occupancy level improved to 44 per cent from 25 per cent in Q2; 199 hotels which account for 3 per cent of estate, remained closed as at 30 September.
  • RevPAR was down 49.8 per cent in Q3, and the occupancy was 46 per cent compared to 28 per cent in Q2.
  • On 23 October 2020, the stocks of the company were down by 0.63% from the previous closing, hovering at around GBX 4,236.00 at 09:20 AM GMT+1.


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