May 3 Reuters Holiday Inn owner Intercontinental Hotels Group IHG posted a 2.6 rise in firstquarter room revenue on Friday, helped by its performance in Japan, Australia, Europe and the Middle East.

There was an impressive performance in EMEAA, which was up nearly 9, CEO Elie Maalouf said in a statement, referring to Europe, the UK, Australia, the Middle east and Japan.

Room revenue was up 16.9 in Japan, 10.2 in Australia, 7.4 in the Middle East and 6.2 higher in Continental Europe.

The owner of the Regent and Crowne Plaza hotel chains said its occupancy was up 2 basis points and the gross system size growth was up 5.

Reporting by Chandini Monnappa and Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu

Source Reuters