IHG says 1% of hotels closed in China, but 30% in Europe, Middle East and Africa

News Snapshot:

The Crowne Plaza owner expects revenue per available room to be down 75% in the second quarter The Crowne Plaza Huizhou in Guangdong, China InterContinental Hotels Group PLC ( LON:IHG ) said only 10% of its hotels are still closed around the world as it continues to open up after coronavirus shut-downs. In Greater China, just 1% of the Holiday Inn and Crowne Plaze owner’s hotels were closed, rising to around 30% in Europe, Middle East, Africa and the rest of Asia, with the Americas at 5%. The FTSE 100 group expects revenue per available room (revpar) to be down...