Franchise news

02.12.2006

InterContinental hotels: high profits thanks to franchising

The British hotel chain, the InterContinental Hotels Group, more than tripled its profits during the third quarter of this year. A report published on the Internet portal, Finanzen.net, states that the Group’s net profits during this period amounted to 162 million pounds (GBP) compared to the 44 million GBP made last year. The main reasons for these high profits were, above all, asset sales as well as the income from its franchising business.

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