IHG’s global business travel revenue surges

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IHG Hotels & Resorts has witnessed a 6 per cent year-on-year increase in revenue from global business travel, surpassing the figures from the third quarter of 2019 by 3 per cent. “Business revenue is above 2019 levels and the further normalisation of global working habits has seen the return of more meetings, conferences and events. As well as year-on-year revpar growth, it was also pleasing to see rooms revenue growth for each of leisure, business and group travel,” said Elie Maalouf, CEO, IHG Hotels & Resorts.