InterContinental Hotels Group Plc (IHG), the world’s largest provider of hotel rooms, reported profit that beat estimates as revenue per available room climbed in the U.S. and China.
First-quarter pretax profit rose 13 percent to $106 million, the Denham, England-based company said in a statement today, more than the $102.4 million average estimate of seven analysts compiled by Bloomberg. Revenue increased to $409 million from $396 million.
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