IHG, which also owns Crowne Plaza and Regent chains, does not expect quick recovery The owner of the Holiday Inn, InterContinental Hotels Group, suffered a sharp drop in revenue in the third quarter as fresh Covid-19 restrictions kept travellers at home. The company, which also owns the Crowne Plaza, Regent and InterContinental chains, reported a 53.4% fall in revenue per available room (RevPAR) in the third quarter.
Holiday Inn hotel group revenue falls as Covid-19 keeps people at home
The Guardian - 23 Oct 2020 17:01
IHG, which also owns Crowne Plaza and Regent chains, does not expect quick recovery The owner of the Holiday Inn, InterContinental Hotels Group, suffered a sharp drop in revenue in the third quarter as fresh Covid-19 restrictions kept travellers at home. The company, which also owns the Crowne Plaza, Regent and InterContinental chains, reported a 53.4% fall in revenue per available room (RevPAR) in the third quarter.
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