InterContinental reveals cost of Paris terror attacks
InterContinental Hotels Group saw its revenue per room in Paris fall almost 20% in the first half of the year following a spate of terror attacks in the French capital.
Overall revenue in the first half of the year fell 8% to $838 million and pre-tax profits were down from $458 million to $298 million.
However, the group said pre-tax profits in the first half of last year were boosted by the sale of the InterContinental Paris – Le Grand.
IHG, whose brands include Crowne Plaza and Holiday Inn, said its underlying results showed a 5% increase in revenue to $771 million and 10% increase in operating profit to $345 million.
Richard Solomons, chief executive, said "The fundamentals for our industry, and particularly for IHG as one of the largest branded players, remain compelling.
"This backdrop, combined with our winning strategy and the strength of our business model, will enable us to deliver sustainable growth into the future.
"Despite the uncertain environment in some markets, we remain confident in the outlook for the remainder of the year."
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025