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Growth across regions drives up hotelier IHG's second quarter room revenue

Reuters

(Reuters) - Intercontinental Hotels Group Plc (IHG.L) expressed confidence in its outlook for the rest of the year, after growth across its regions led to a higher rise in global room revenue for the second quarter.

IHG reported growth in revenue per available room (RevPAR), a key industry measure, of 2.5 percent for the three months ended June 30, compared with 1.5 percent in the first quarter.

The company, which runs over 5,000 hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, also said operating profit rose 2 percent to $344 million (260 million pounds).

(Reporting by Esha Vaish in Bengaluru; Editing by Sunil Nair)