Higher business spending aids Intercontinental

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com KCS-content Share Higher business spending aids Intercontinental DESPITE talk of a double-dip recession in the US, the noises coming from corporate America are increasingly positive. Take technology giant Intel, which recently said firms were beginning to ramp up their IT spend, despite nearly two years of hibernation. Now Intercontinental is hailing the return of the business traveller, leading to a dramatic recovery in Americas revenue per available room (revpar) for the third quarter?– the hotel industry’s preferred yardstick for performance. Budget brands Holiday Inn (up 7.9 per cent) and Holiday Inn Express (up 6.8 per cent) also performed well, although this was largely due to a refurbishment. Revpar at unrefurbished Holiday Inns was up just 2.2 per cent while branches of Holiday Inn Express that didn’t get a makeover added 3.9 per cent.Crucially, it was the hotelier’s upmarket brands that outperformed the rest of the group. Revpar at Intercontinental and Hotel Indigo-branded hotels was up 11.8 per cent. Neither of these brands was relaunched, suggesting that the improved figures are a result of higher business spending, and not a relaunch. That’s good news for Intercontinental’s shares, which are now even more attractive. But it also suggests corporate America is on the mend – despite what the doomsayers think. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndocenter_img whatsapp whatsapp Show Comments ▼ Monday 25 October 2010 8:03 pm Tags: NULLlast_img read more