IHG's Middle East RevPAR dips 6.8% in Q1

12 May 2010

InterContinental Hotels Group (IHG) has reported a 6.8% decline in Q1 RevPAR at its hotels the Middle East, driven by weakness in the UAE, while other parts of the region, including Egypt and Saudi Arabia remain resilient. The company's revenues in th region increased 3% to $90m. Excluding one liquidated damages receipt of $3m in 2009, revenues increased 7%, IHG said in a statement.

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