-Vacation Inn proprietor IHG on Tuesday introduced a share buyback programme of $500 million and resumed interim dividend, after its half-year revenue greater than doubled on the again of a gentle restoration in post-pandemic journey.
The group stated its second-quarter income per out there room (RevPAR) for the Americas, its largest section, was 3.5% above pre-pandemic ranges.
Lodge operators have benefited as individuals spend extra on journey and ebook longer lodge stays, lifting occupancy charges and costs, though they face dangers from cussed inflation and cost-of-living woes worldwide.
The corporate stated its working revenue for the six-month interval ended June 30 rose to $361 million, in contrast with $138 million final 12 months.
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