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holiday Inn Owner InterContinental Hotels Group (IHG) has reported slower growth amid pressure on consumer spending in some markets.
The company’s shares saw a decline after facing weakness in America. American President Donald Trump’s tariff changes, but said it was offset by “strong” performance Europe And Asia.
Boss Elie Malouf told shareholders that “near-term macroeconomic challenges remain in some markets”.
The company reported that revenue per available room (RevPAR) in the third quarter of 2025 increased 0.1% from a year earlier.
This was stronger than many analysts expected but increased 1.8% in the first half of the year.
IHG said revenue declined 0.9% in the Americas, driven by a 1.6% quarterly decline in the Americas.
It is among the companies hit by weak holiday demand amid ongoing economic uncertainty in the US.
Earlier this week, rival Hilton Worldwide cut its rooms revenue forecast as it blamed US economic and political uncertainty for soft business.
IHG said it is still confident that the US market will return to growth once the uncertainty subsides.
Elsewhere, the hotel giant said it saw its revenues in the UK rise by 2.8%.
Mr Malouf said: “We are pleased with our performance and the continued growth of our brands through 2025, and we are on track to meet full-year consensus profit and earnings expectations.
“As anticipated, revenue growth in the third quarter was similar to the previous quarter, with another strong performance in EMEA and further improvement in Greater China, although slower trading conditions were seen in the US.
“Overall, we continue to benefit from the strength of our globally diverse footprint.”
shares IHG declined 1.3%.