InterContinental Hotels 2011 Profit Advances 57%, Aided by U.S. and China | bloomberg.com

InterContinental Hotels Group Plc (IHG), the world’s largest hotel group by rooms, reported profit that beat estimates and declared a bigger-than-expected dividend as business travel recovered, led by the U.S. and greater China. Chief Executive Officer Richard Solomons said the hotelier is well placed to benefit from demand in emerging markets such as the greater China region, which accounts for about 12 percent of group revenue.