22nd Feb 2023 14:39
InterContinental Hotels Group PLC - Windsor, Berkshire-based operator of InterContinental, Holiday Inn and Crowne Plaza hotel chains - Paul Edgecliffe-Johnson, chief financial officer & head of strategy, and Esther Edgecliffe-Johnson sell 35,862 shares at GBP55.21, worth GBP2.0 million, on Tuesday.
InterContinental Hotels earlier Tuesday had reported improved profit and revenue in 2022 on the back of a strong rebound in travel following the Covid-19 pandemic. The hotel and resort chain reported pretax profit of USD540 million for 2022, up 50% from USD361 million in 2021. Revenue totalled USD3.89 billion in 2022, up 34% from USD2.91 billion in 2021. CFO Edgecliffe-Johnson told a conference call he remained optimistic for the future of demand, particularly within and outbound from China.
Current stock price: 5,494.00 pence, down 0.8% on Wednesday in London
12-month change: up 7.9%
By Tom Waite, Alliance News editor
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