The company, the world's biggest hotelier with 693,000 rooms in 4,732 hotels under brands such as
Revenues per available room – a key measure of success in the industry – were up 5.8pc with the US, its biggest market, up 6.6pc and the
That helped to offset problems in countries such as
The company raised its interim dividend by 9pc to
But the stock, which hit a record high of 2494p last month, fell more than 3pc or 77p to 2288p.
The results came a day after it emerged that activist investor
The move by the
InterContinental chief executive
Pre-tax profits fell 18.4pc to
InterContinental has a pipeline of 187,000 rooms in 1,175 hotels due to open in the coming years after its best six months of 'signings' – agreements to open new sites – since 2008.
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