(Reuters) – Intercontinental Hotels Group on Friday signalled a sharp recovery in the hospitality sector as people gradually resume leisure and business travel after countries eased pandemic-related restrictions.
Holiday Inn owner’s RevPAR, or revenue per available room, was up 61% for the three months ended March 31, as the group saw improved trading in its Americas and EMEAA regions.
(Reporting by Shanima A in Bengaluru; Editing by Sherry Jacob-Phillips)