InterContinental Hotel's global room revenue rises in first quarter

Reuters

Thu, May 8, 2025, 2:19 AM 1 min read

(Reuters) - Holiday Inn proprietor InterContinental Hotels Group (IHG) said connected Thursday it is connected way to conscionable the full-year statement nett estimate, defying manufacture peers' forecast warnings implicit waning economical and user sentiment successful the U.S.

The United States, the IHG's largest market, faces heightened recession risks owed to a planetary commercialized warfare sparked by President Donald Trump's tariffs, which person prompted question companies to caution astir stalling demand.

Analysts expect IHG to study adjusted EBITDA of 1.32 cardinal pounds ($1.75 billion) for the fiscal twelvemonth 2025.

The radical besides reported a 3.3% leap successful planetary gross per disposable country (RevPAR) for the archetypal quarter, up from past year's 2.6% growth.

($1 = 0.7522 pounds)

(Reporting by Raechel Thankam Job successful Bengaluru; Editing by Sumana Nandy)