Results 

IHG looks to China for growth

IHG looks to China for growth

InterContinental Hotels (IHG) is adding to its development pipeline at a record pace. Around 46,000 rooms were approved for development during the first half, which chief executive Keith Barr called the “best performance for a decade”. It's particularly impressive, as chief financial officer Paul Edgecliffe-Johnson says high global demand for hotels doesn't always equate to new rooms. It follows 83,000 rooms added during 2017, with the latest additions bringing the total pipeline number to 262,000.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now