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Global hotel demand is splitting along geographic lines. InterContinental Hotels Group posted higher first-half profit, crediting accelerating U.S.
travel and the purchasing power of a growing middle class, even as disruption across the Middle East weighed on arrivals in that corridor.
The two forces together trace a hospitality cycle that is regional in character rather than uniform. demand and the sector cycle The acceleration in American travel is the principal driver behind IHG's first-half result.
Against the backdrop of sustained consumer spending in the United States, demand proved strong enough to push group profit higher, pointing to a domestic travel market that has stayed active longer than many anticipated.
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