InterContinental Hotels Group remains optimistic on China

05/13/2013 | HotelNewsNow.com

Thomas D. Singer, chief financial officer and director of InterContinental Hotels Group, says the economic slowdown and change in political leadership in China have not dampened the hotel firm's outlook on the country. "We actually think we significantly outperformed the market, which we think was down probably around 4%. We've also been very encouraged by the continuing good pace of signings in China," Singer said. IHG's first-quarter financial results show a 1.8% increase in revenue per available room in the greater China region.

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