The world's biggest hotelier can beat the downturn, says its chief executive. THERE is a dinosaur in the lobby of the Intercontinental Hotel on London’s Park Lane. A gorgosaurus, cousin of tyrannosaurus rex, looms over the bar and peers down at the guests sipping drinks. I wonder if the prehistoric monster is somehow symbolic. Critics think that Intercontinental Hotels Group (IHG) the world’s biggest hotelier, is a bit of a dinosaur. Its brands — Holiday Inn, Crowne Plaza and, of course, Intercontinental itself — were exciting in the 1970s, when standardised hotels were a welcome novelty for business travellers.

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