Procurement
The average daily rate at InterContinental Hotels Group properties increased by 2 percent year over year during the first quarter,
the company announced on Wednesday. ADR increased by 3.3 percent in the Americas and by 1 percent in Asia, the Middle East and Africa but declined by 1.7 percent in Europe and was nearly flat in Greater China. Global occupancy increased by 0.6 percentage points and was up in all regions except Europe, where it declined by 0.3 percentage points. IHG did not release net income information for the quarter.