• IHG sees FY revpar up 6%

InterContinental Hotels Group reported a 6.2% increase in full year revpar, with 8.0% in the fourth quarter.

Pre-tax profit before exceptional items rose 24% to $382m from $309m in 2009 on revenue up 6% at $1.63bn.The group also confirmed that it had started the initial marketing for the sale of the InterContinental New York Barclay.

See the full release here:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10788259

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