(CercleFinance.com) – Intercontinental Hotels publishes revenue of $2,226 million for the first half of the 2023 financial year, up 24% compared to the same period twelve months earlier.
Half-year operating income was $584 million, up 62% year-on-year with adjusted EPS of 182.7 cents, up 50%, driven by RevPAR up 24%.
In addition, Intercontinental Hotels announced a 32% increase in its debt, which now stands at $2,270 million.
“I am honored to take over as CEO of the IHG Group and excited to look forward to an important new chapter of growth with our talented teams and owners around the world,” commented Elie Maalouf.
“Our teams delivered strong results in the first half, with significantly better financial performance, hotel openings and signings than the previous year,” he added.
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