Hotel giant says ‘growing middle class’ boosted hotel demand despite Middle East hit
IHG's shares were last seen down nearly 1.9%. The company said accelerated growth in the U.S., Asia Pacific, and Europe helped offset the disruption from the Middle East conflict. He added that the U.S. had been a "standout" because of "the underlying fundamentals of the economy ... pretty high employment levels, wage growth, consumers are still spending, especially on experiences."
- ▪IHG's shares were last seen down nearly 1.9%.
- ▪The company said accelerated growth in the U.S., Asia Pacific, and Europe helped offset the disruption from the Middle East conflict.
- ▪He added that the U.S. had been a "standout" because of "the underlying fundamentals of the economy ... pretty high employment levels, wage growth, consumers are still spending, especially on experiences."
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| Original publisher | CNBC |
| Canonical URL | https://www.cnbc.com/2026/08/11/ihg-profit-us-travel-middle-east.html |
| Publication time | Tue, 11 Aug 2026 10:06:07 GMT |
| Retrieval time | 2026-08-11T10:52:14.005Z |
| Last seen | 2026-08-11T10:52:14.005Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | 9ncKGX2u3ZET · 1 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
Global hotel giant IHG told CNBC a "growing middle class" is boosting travel demand, as it reported a boost in profits despite the Middle East conflict.The U.K. company, owner of brands like Holiday Inn, Holiday Inn Express, Crowne Plaza, and Six Senses, reported Tuesday that operating profits from reportable segments grew 10% in the first half of the year to $665 million. Revenue from reportable segments was up 7% to $1.3 billion while global revenue per available room, "RevPAR," grew 4.1%.While RevPAR was up 4.4% in the first quarter compared to the previous year, growth slowed in the second quarter to 3.5% as the impact of the U.S.-Iran war and the travel slump in the Middle East region were felt. IHG's shares were last seen down nearly 1.9%.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC.
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