InterContinental Hotels Group PLC (NYSE: IHG) has collapsed, despite earnings

InterContinental Hotels Group PLC (NYSE: IHG) caught a bearish trend

In brief: InterContinental Hotels Group PLC (NYSE: IHG) continued to drag in the red zone, despite the excellent earnings.

InterContinental shares totaled 17.25 points, losing -0.82 (-4.54%) today. The largest by number of rooms hotel operators in the world, InterContinental Hotels Group PLC (NYSE: IHG), has announced financial results I half.

InterContinental Hotels Group operating profit totaled $ 219 million – is 22% more than in January-June 2009. The main profit of the operator has grown due to the reduction of the intensity of business trips, according to the company’s announcement. The greatest increases have occurred in China. “Most of the markets by the end of six months started to grow. However, the overall economic situation remains uncertain,” – said the executive director of IHG Andrew Kosslet. InterContinental profits totaled $ 772 million (an increase of 6%).

Anrey Torbinski
2010-08-10 23:41, Economics.

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