RevPAR growth accelerated in Americas amid Middle East headwinds.

Plus, Reuben Brothers and Three Rules Capital are moving forward with plans to build a $2 billion mega-resort on the southwest coast of Puerto Rico, featuring two luxury hotels.

Strong Americas demand and record hotel development could not fully offset war-related pressure across IHG's Middle Eastern portfolio.

The European stock markets closed mixed in Tuesday trading as another potential deal between the US

IHG delivers broad-based RevPAR growth of 4.1% and expands fee margins by 120 basis points, while navigating Middle East headwinds and positioning for future system growth.

Elie Maalouf, chief executive officer at InterContinental Hotels Group Plc, discusses the hotel group's first-half performance, factors contributing to demand and the outlook for the second half. "There's a sense of prosperity," Maalouf tells Bloomberg Television. "And within that sense of prosperity, where people want to spend their time and money is on experiences."

Intercontinental Hotels Group (NYSE:IHG) reported higher revenue, operating profit and earnings per share for the first half of 2026, supported by global hotel demand, margin expansion and record development activity. Chief Executive Officer Elie Maalouf said the company delivered “strong financial

IHG said revenue per available room rose by 4.8% in the Americas over the half-year.

European equities traded in the US as American depositary receipts were edging higher late Wednesday

The hotel management company appointed Chris Dunne as chief financial officer, while also naming new leaders to support luxury operations and F&B.