The chief executive of InterContinental Hotels Group has hailed a growing demand for travel as the company posted results that show the business getting closer to its pre-pandemic performance.
In full-year figures for the 12 months to 31 December, the London-listed company said revenue was up by a fifth at £2.9bn, with the bottom line back in the black at £494m.
Chief executive Keith Barr said development activity was “well ahead” of 2020, adding that 437 hotel signings had helped to build a global pipeline representing more than 30% of the current business.
“As vaccination rates rise and restrictions are lifted around the world, we are seeing the demand for travel increase,” Barra added. “While there may be unexpected challenges ahead, we are confident in our ability to respond and adapt to what consumers and owners need as we position IHG for strong future growth.”
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