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IHG posts 10% rise in 2013 net income

February 19, 2014 1:42 am

The world’s largest hotel firm, InterContinental Hotels Group (IHG) has said it was increasingly confident about 2014 after strong demand in the US and improving conditions in Europe helped it to post a 10% rise in 2013 profit, Reuters has reported. IHG said its annual pre-tax profit was $600m, with revenue up 3.7% to $1.9bn, while global revenue per available room (RevPAR) rose 3.8% for the year, led by solid trading in the US. “Looking into 2014, although economic conditions in some markets remain uncertain, forward bookings data is encouraging and we are confident that we will deliver another year of growth,” said IHG chief executive, Richard Solomons.