(Reuters) – Holiday Inn owner InterContinental Hotels Group reported a fall in U.S. revenue per available room (RevPAR) in the second quarter on Thursday, as economic uncertainties dent consumer spending in its largest market.
U.S. President Donald Trump’s tariffs on trade partners and rising geopolitical tensions have rattled the travel and hospitality industry as waning consumer confidence threaten to reverse post-pandemic recovery.
“While some shorter-term macro-economic uncertainties remain, many are subsiding,” IHG CEO Elie Maalouf said in a statement, adding that the company remains on track to meet annual profit and earnings expectations.
The hotel operator said U.S. RevPAR fell 0.9% for the three months ended June 30, compared to 3.5% growth in the first quarter.
Global RevPAR growth for the first half of the year came at 1.8%, compared to 3% a year prior.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Rashmi Aich)
