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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

‘Revenge travel’ and return of business trips help Holiday Inn owner IHG return to profit

United States IHG Holiday Inn

An IHG resort

(Picture: IHG )

The rise of “revenge travel” and the return of business trips has helped InterContinental Hotel Group return to profit.

The Crowne Plaza and Holiday Inn owner made a profit of $494 million (£363 million) last year, compared with a loss of $153 million in 2020. The rebound came as travel began to resume, particularly in the US and China.

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