IHG Reports Q1 2021 Results

Improvement in demand within the first quarter, led by the Americas and Greater China. – Group RevPAR down 50.6% vs 2019 (down 33.7% vs 2020); continued industry outperformance in key markets. – RevPAR reflects a 23%pts reduction in occupancy, with rate sustained at ~80% of 2019 levels.

IHCL Declares 40% Dividend for 2020-21

The Indian Hotels Company Limited (IHCL), South Asia’s largest hospitality company, reported its consolidated and standalone financials for the fourth quarter ending March 31st, 2021 and the full year FY 2020-21.