InterContinental Hotels: annual EPS up by a third
The hotel chain boasts strong business, with RevPar (revenue per available room) up 16.1%, driven in particular by China (+71.7%), while its commission margin improved by 3.4 points to 59.3%.
On this occasion, the British group is announcing a new share buyback program worth $800 million, which, together with the ordinary dividend, will bring the redistribution to its shareholders in 2024 to over $1 billion.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction