InterContinental Hotels Group PLC (IHG) has reportedly held secret discussions in the last few weeks with an undisclosed US hospitality group about a potential acquisition deal worth £6bn ($10.1 billion).
NEW DELHI: InterContinental Hotels Group and skills development organisation IL&FS Skills have launched a second IHG Academy branded training centre under their partnership in Kalimpong, West Bengal. The centre is set to be one of the largest talent development centres under the American hospitality programme, attracting young talent from the rural areas of Northeast India. The academy looks at skills development and employment opportunities at more than 4,900 IHG hotels across the globe.
InterContinental Hotels Group said on Tuesday that its net profits climbed 11 percent to $156 million (109 million euros) in the first six months of 2011 on sales growth in China and the United States.The company, which owns the InterContinental, Crowne Plaza and Holiday Inn chains of hotels, said its profit after tax for the six months to June compared with net earnings of $141 million in the first half of 2010.Overall revenue jumped 10 percent to $850 million at IHG, the world's largest hotels operator by number of rooms.
InterContinental Hotels Group, the world's largest hotel operator by number of rooms, said Tuesday that its 2010 net profit jumped 38 percent to $293 million (217 million euros).The company, which owns the InterContinental, Crowne Plaza and Holiday Inn chains of hotels, said revenue rose 6.0 percent to $1.63 billion last year as the recovering global economy boosted business travel."2010 was an excellent year for IHG," chief executive Andrew Cosslett said in the group's earnings statement.