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Evening Standard
Evening Standard
Holly Williams

World Cup boost helps Holiday Inn owner weather Iran war hit

Holiday Inn World Cup Iran IHG Americas InterContinental Hotels Group
A boost in demand from the World Cup across the Americas helped InterContinental Hotels Group offset a hit from the Iran war (Nick Potts/PA) - (PA Wire)

A boost to demand from the World Cup has helped Holiday Inn owner InterContinental Hotels Group (IHG) offset a hit from the Iran war across its Middle Eastern business.

IHG said revenue per available room (RevPAR), a key measure of performance for hotels groups, rose by 4.8% in the Americas over the half-year, with 5.4% in the second quarter thanks strong growth in World Cup football match locations, which it said added about 1% to growth.

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