This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI7809N_L.jpg
The group said its second-quarter revenue per available room (RevPAR) for the Americas, its largest segment, was 3.5% above pre-pandemic levels.
Hotel operators have benefited as people spend more on travel and book longer hotel stays, lifting occupancy rates and prices, although they face risks from stubborn inflation and cost-of-living woes worldwide.
The company said its operating profit for the six-month period ended June 30 rose to $361 million, compared with $138 million last year.
