Hotel giant says ‘growing middle class’ boosted hotel demand despite Middle East hit

International hotel chain IHG announced financial results showing resilience across its portfolio of brands including Holiday Inn, Holiday Inn Express, Crowne Plaza, and Six Senses. Operating profits from reportable segments expanded 10% in the first half of the year to $665 million, while revenue from reportable segments increased 7% to $1.3 billion. The company’s global revenue per available room metric rose 4.1% compared to the prior-year period.
Growth showed signs of deceleration as