Holiday-Inn owner IHG posts annual loss on COVID-19 slowdown

Holiday-Inn owner IHG posts annual loss on COVID-19 slowdown

  • IHG, which previously scrapped its final dividend, said 2020 was the most challenging year in its history as revenue per available room slumped 52.5 percent
  • Demand remained stronger in IHG’s Holiday Inn Express business, which represents about 70 percent of its rooms in the US market
By Reuters ·