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InterContinental confident in outlook for the year

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 20 (Reuters) - InterContinental Hotels Group , one of the world's largest hoteliers, said it was confident in its outlook for the year due to encouraging trading trends and after posting growth in its third quarter.

For the three months ended Sept. 30, IHG said global revenue per available room (RevPAR), a key industry measure, rose 4.8 percent at constant exchange rates against the 4.4 percent comparable growth in the second quarter. (Reporting by Sarah Young; Editing by Li-mei Hoang)