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.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
'Stress and burnout' are challenges we need to tackle

'Stress and burnout' are challenges we need to tackle

Event Concept's Jo Higgs explains why looking after your people is so important and how training mental health first-aiders could help.

Case study: Leon Winter Award Celebration

Case study: Leon Winter Award Celebration

The event tied in perfectly with the fast-food chain's innovative approach.

Events budgets rose in second-quarter, says Bellwether Report

Events budgets rose in second-quarter, says Bellwether Report

While wider marketing budgets flatlined in the second quarter of 2019, events bucked the trend.

Seven Events welcomes two new faces

Seven Events welcomes two new faces

Agency brings in client development manager and event executive to London and Birmingham offices.

The diversity debate is about more than gender

The diversity debate is about more than gender

The industry faces challenges representing people from low income backgrounds, argues TCEG's Russ Lidstone.

The growing importance of face-to-face marketing

The growing importance of face-to-face marketing

Keith Austin, CEO and founder of Event Marketing Solutions, believes roadshows are more important than ever.

Cost savings are damaging to business traveller wellbeing, report finds

Cost savings are damaging to business traveller wellbeing, report finds

Research by Capita Travel & Events suggests many organisations are still failing to limit the impact of regular travel on employee health.

How to get the most out of your keynote speakers

How to get the most out of your keynote speakers

From pre-event videos to research papers, keynotes can provide all kinds of content, says DMA Partners' Philip Martin.

What to expect at IMEX America

What to expect at IMEX America

A sneak preview before the events world descends on the Sands Expo and Convention Center in Las Vegas from 10-12 September.

Brisbane to host international ear, nose and throat congress

Brisbane to host international ear, nose and throat congress

The Asia Oceania ORL-HNS Congress will return to Australia for the first time in 40 years, attracting 1,500 clinicians and surgeons.

LATEST JOBS