- Hotel giant InterContinental Hotels reported a rise in annual profit on higher sales, though its revenue-per-room fell amid economic and political uncertainty that effected its key US and Chinese markets.

For the 12 months to 31 December, pre-tax profit rose to $542m from $482m on-year and revenue increased 8% to $2.1bn.

Revenue per available room (RevPar), a key industry measure, fell 0.3%, with Americas down 0.1% US down 0.2%; EMEAA up 0.3%; and Greater China down 4.5%.

InterContinental Hotels said its performance was impacted by macro and geopolitical factors, increased supply growth ahead of demand in some markets, and ongoing unrest in Hong Kong.

The company proposed a final dividend of 85.9 cents a share, taking the full-year dividend per ordinary share to 125.8 cents, an increase of 10% over 2018.

Looking ahead, its said its top priority remained the health and safety of its colleagues, guests and partners amid the ongoing impact of the coronavirus.

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