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FrontRow · Aug 11, 2026

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Global hotel giant IHG told CNBC a "growing middle class" is boosting travel demand, as it reported a boost in profits despite the Middle East conflict. The U.K. company, owner of brands like Holiday Inn, Holiday Inn Express, Crowne Plaza, and Six Senses, reported Tuesday that operating profits from reportable segments grew 10% in the first half of the year to $665 million. Revenue from reportable segments was up 7% to $1.3 billion while global revenue per available room, "RevPAR," grew 4.1%. While RevPAR was up 4.4% in the first quarter compared to the previous year, growth slowed in the second quarter to 3.5% as the impact of the U.S.-Iran war and the travel slump in the Middle East region were felt. IHG's shares were last seen down nearly 1.9%. The company said accelerated growth in the U.S., Asia Pacific, and Europe helped offset the disruption from the Middle East conflict.

Global hotel giant IHG told CNBC a "growing middle class" is boosting travel demand, as it reported a boost in profits despite the Middle East conflict. The U.K. company, owner of brands like Holiday Inn, Holiday Inn Express, Crowne Plaza, and Six Senses, reported Tuesday that operating profits from reportable segments grew 10% in the first half of the year to $665 million. Revenue from reportable segments was up 7% to $1.3 billion while global revenue per available room, "RevPAR," grew 4.1%. While RevPAR was up 4.4% in the first quarter compared to the previous year, growth slowed in the second quarter to 3.5% as the impact of the U.S.-Iran war and the travel slump in the Middle East region were felt. IHG's shares were last seen down nearly 1.9%. The company said accelerated growth in the U.S., Asia Pacific, and Europe helped offset the disruption from the Middle East conflict.

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