Procurement
The average daily rate at InterContinental Hotels Group properties during the second quarter increased 2.6 percent year over year,
the company reported Tuesday. Quarterly ADR increased in the Americas (3.6 percent), Europe (1.8 percent) and Asia, the Middle East and Africa (2.5 percent) but declined 1.8 percent in Greater China. Global occupancy increased year over year by 2.1 percentage points. IHG's operating profit for the first half of the year was $310 million, down from $338 million in the first half of 2013.