Weak Demand Hits Hotel Group

Daily PostNovember 24, 2004

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Summary


WEAKER demand for accommodation in a number of major European cities has left its mark on third quarter results from hotels group Inter Continental.

Poorer performances by the company's hotels in locations such as Cannes, Frankfurt and Paris, as well as the effect of the weaker US dollar, contributed to a 2. 6% fall in turnover at the hotels division.

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Extract


Weak Demand Hits Hotel Group

However, group pre-tax profit...

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