Nov. 13 (Bloomberg) -- InterContinental Hotels Group Plc, the U.K.-based owner of the Holiday Inn brand, will struggle to increase revenue per available room before 2011 as a drop in travel demand constrains the company’s ability to raise prices, said Jim Abrahamson, president of the Americas unit.
“We are a lag industry,” Abrahamson said in a telephone interview yesterday, noting that sales typically trail the economy by about a year. “We have seen slowing declines in occupancy and demand. The first step to a recovery is stabilization.”
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