Intercontinental Hotels, the world’s biggest hotel operator reported strong results in 2011, accompanied by a bumper dividend payout. The prospects for 2012 also look good as the company reports that it is over 80% booked for the Olympic games and is expecting high occupancy during the Queens Jubilee. The Intercontinental Park Lane Hotel is a star performed in the UK with revenues up 7% in 2011.
However, the company also reports strong results in the US and China which have been the main drivers for revenue growth. Total revenues increased by 9% to $1.8bn with a corresponding increase in pre tax profits to $532m.