Intercontinental Hotels Group predicts boost from business travel

Intercontinental Hotels Group will reveal its interim results to the end of June tomorrow morning.

IHG to release interim results
IHG to release interim results

Business travel has already been identified as an area of growth for IHG – which owns Holiday Inn – in its first quarter results.

Speaking to C&IT, IHG’s senior vice president, global corporate affairs Leslie McGibbon said: "In the Q1 trading update we’d started to see the return of business travel but we are very cautious. The business travel market is greatly influenced by the wider economy and that is still relatively unsettled."  

There will be a live audio announcement of the interim results at 7am on 10 August, which can be viewed via an IHG webcast.

IHG Group chief executive Andrew Cosslett had reported in May that business travel was returning, although mainly to the luxury end of the market which was most affected by the recession.

He said he expected the more resilient midscale sector to benefit as the year progressed and markets returned to normal.

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