InterContinental Americas growth flat in August | reuters.com
Shares in InterContinental Hotels Group Plc (IHG.L: Quote, Profile, Research, Stock Buzz) fell on Tuesday after it said the hotel market in the Americas came to a standstill in August as the economic downturn in the United States begins to bite. The British-based owner of the InterContinental, Crowne Plaza and Holiday Inn brands, which earns almost 70 percent of its income from the United States, said revenue per available room (RevPAR) across the Americas was flat in August. The group said RevPAR, a key industry measure, was up 2.2 percent in July.
