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IHG will remit $350 million to its shareholders

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Published on 06/08/13 - Updated on 17/03/22

InterContinental Mar Menor Resort

In the first semester of 2013, InterContinental Hotels Group (IHG) made an operating profit of 338 million dollars, an increase of 20%. These good results are due to the group's dynamic business in the Americas (+4.5% RevPAR) and the Middle East / Africa (+6.2% RevPAR), which provided an opportunity to make up for the weakness of the Chinese market (+0.1% RevPAR) and Europe (+0.4% RevPAR).With such performance, the hotel group has announced its intention to return $350 million to its shareholders in the form of a special dividend. Payments will be made in October, together with the interim dividend, which will in turn be increased by 10%.In the first half of the year, InterContinental Hotels Group also continued global development by signing contracts for more than 200 hotels. The group's network has now grown to more than 4,600 hotels worldwide for more than 670,000 rooms.

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