Hotels

IHG Profits Plunge 38%

Intercontinental Hotel Group (IHG) operating profits plummeted 38% to US$179 million during the first half of this year from US$291 million for the same period last year.   IHG is best known for its Crown Plaza and Holiday Inn brand and has the biggest presence in the Middle East of any hotel company.   They describe the Middle East and the UK as their strongest markets.

During the first half of the year revenue per available room (RevPar) posted an 8.5% decline and RevPar in the UK fell somewhat more at 10.7%.   The EMEA region – Europe, Middle East, and Africa sustained a 16.4% fall in RevPar. IHG Chief Executive Andrew Cosslett said “Trading was very challenging throughout the first half of the year and we expect the remainder of 2009 to be very tough.”  IHG has 72 hotels in the Middle East including 12 in the UAE.   

More Hotels
Emirates Palace Abu Dhabi to celebrate Mexican National Day with Mexican food fiesta
Looking for an adventure - go to Iraq for Eid
* Hotel Metropole Geneva
Latest Travel News
Turkish Airlines launches new cabin crew...
Emirates voted ‘Best Business Airline’ a...
Tourism to contribute SR118 billion to S...
Featured Sights To See
Chicago Architecture Foundation

Chicago Architecture Foundation

Chicago, United States

Chicago's architecture is unparalleled.  As the grand avenues of Paris are exemplary of the nineteenth century, and the canals of Venice of the Renaissance, so do the skyscrapers and neoclassical monuments represent modernity.  The Chicago Architecture Foundation works to advance knowledge and public interest in architecture and design. A small museum is located in the Santa Fe Buil...

Lyndon B. Johnson Space Center

Lyndon B. Johnson Space Center

Houston, United States

r: The Lyndon B. Johnson Space Center is NASA’s center for human spaceflight activity.  Housed on 1,620 acres and consisting of 100 buildings, it is home to Mission Control Center that coordinates all manned spaceflights for the United States.  The center includes astronaut training facilities and a large visitor’s complex. Address: 1601 NASA Road 1 Tel: (281) 244 2100. Websi...

Swiss National Museum

Swiss National Museum

Zurich, Switzerland

The Swiss National Museum opened in 1898, seven years after its establishment.  The building is in the style of a French Renaissance chateau, designed by architect Gustav Gull.  It has been expanded several times since.  The museum is dedicated to Swiss culture The History of Switzerland gives an overview of Swiss history and is a good starting point.  The Collections Gall...

Parc de la Villette

Parc de la Villette

Paris, France

Located at the very edge of Paris city proper, just inside the Boulevard Periphérique, the Parc de la Villette is one of the city’s newest.  It was built between 1984 and 1987 as part of an urban redevelopment project on the site of Paris’ old slaughterhouses and meat market.  The park is notable for its unique architecture and is one of the best places in the city for kids.   There are ...