News: Strong start to financial 2018 from Intercontinental Hotels Group

Intercontinental Hotels Group has reported a strong start to the financial year and expects to meet its target of US$ 125 million of cost savings by 2020.

“In the first quarter we delivered RevPAR growth of 3.5 per cent, net system size growth of 4.3 per cent and our best signings pace for eleven years,” said Keith Barr, chief executive of IHG.

Earlier this week the company said it would expand its Breaking Travel News

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