Global hotel group sees profits rise 20 per cent
Intercontinental Hotels Group, one of the world’s leading hotel companies and operator of InterContinental Hotels & Resorts – one of whose hotels is located in Phnom Penh – said first-half-of-year profits rose 20 per cent on strong gains in the Americas region.
According to a statement released yesterday, operating profit before tax for the first six months until June 30 reached $338 million, compared to $281 million last year.
Total revenue, the income before costs are subtracted, for the UK-based company that operates 4,643 hotels globally climbed seven per cent. In the Americas region, revenue grew by 14 per cent. ...
http://www.phnompenhpost.com/business/global-hotel-group-sees-profits-rise-20-cent
