IHG Hotel group warns on bleak outlook | timesonline.co.uk

LEISURE giant Intercontinental Hotels Group (IHG) is expected to warn that the trading outlook for the rest of the year remains tough when it unveils annual results this Tuesday. However, the company, headed by chief executive Andy Cosslett, is likely to insist that a programme to relaunch its Holiday Inn chain is on schedule and will be completed by the end of 2010.