Positive results registered in 2012 were fostered by the expansion in the developing markets. This way, the IHG chain was able to reinvest in the sector and support new development projects. IHG could sign a new agreement per day to let in a hotel in the group and extended its portfolio of key brands by launching Hualuxe Hotels & Resorts e Even Hotels in the first three months of 2012. Data concerning Europe, among which Italy forms part and reflects the results, record a 1.7% increase in RevPar and 1.2% in fees. The earnings have increased 8% to 436 million dollars.
Katara Hospitality to buy Interconti Rome
Katara Hospitality, the Hotel Group under the Qatari Sovereign Fund, is about to acquire a stake in the company owning five branded Intercontinental properties located in Europe. The assets are located in Rome, Madrid, Amsterdam, Cannes, Frankfurt.
