InterContinental Hotels Group PLC IHG reported a rise in its net profit.
Its operating profit for the six months to June 30 climbed 20% y/y to $338 million, beating analysts' estimates of $323 million.
Its net profit surged to $340 million from $271 million, while revenue gained 7% to $936 million.
InterContinental Hotels' revenue per available room rose 3.7%.
InterContinental Hotels shares closed at $29.29 yesterday.
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