The Hotel Intercontinental in the Slovenian capital Ljubljana. Widespread lockdowns in Europe have kept activity largely unchanged on the continentThe FTSE 100 hotel company behind the Holiday Inn and Crowne Plaza brands said that there was “clear evidence” of an improvement in demand led by America and China. Intercontinental Hotels Group (IHG) said that although there was a risk of further volatility for the rest of this year its forward bookings suggested further improvement “as we look to the months ahead”. SponsoredThe company, which in February reported 2020 losses of $153 million after “the toughest time this company has ever seen”, today reported a 33.7 per cent fall in revenue per available room (revpar), a key metric, in the first quarter of this year. Compared with the first quarter of 2019, before the pandemic, the revpar fall was 50.6 per cent, although that was

Source: The Times May 07, 2021 11:03 UTC