InterContinental Hotels Group, the world’s third-largest hotel group by room numbers, has said the US-China trade dispute and political unrest in Hong Kong are hitting demand.
Keith Barr, IHG’s chief executive, said that while China was the fastest-growing area of the hotel group’s business with a record number of openings, progress had slowed there in part due to the deepening trade dispute between the US and China weighing on the Chinese economy.
“Having the two biggest economies in the world not getting on is not good for business,” he said on Tuesday as the group reported first-half results.
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