InterContinental Hotels report healthy profits in 2011

The InterContinental Hotel Group report a 9% increase in revenues to £1.1bn for the year ended 31 December 2011 taking their share price to its highest ever level in February 2012. This combined with a statement that hotel rooms are 85% booked for the Olympics suggests that revenues will continue to rise in 2012. InterContinental have recently announced their intention to expand into emerging markets.