Intercontinental

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5.6K Hotels to Take 'Next Logical Step' for Environment

InterContinental Hotels Group will phase out mini-toiletries in single-use plastic bottles

(Newser) - The owner of Holiday Inn and Crowne Plaza hotels vowed in October to stop using plastic straws by the end of 2019. Now it's on to "the next logical step," per the New York Times . InterContinental Hotels Group has become the first global hotel brand to say...

Extra Room at the Inn as Hotel Biz Slows Down

Demand may be checking out as new rooms keep opening

(Newser) - The hotel business is heading for a downturn just as thousands of new rooms are about to open, the Wall Street Journal reports. One expert sees a .9% fall in demand for hotel rooms this year as the slowing economy keeps travelers at home—the first significant slump since 9/11....

Euro Hotels Hot After Blackstone Deal

Stocks soar on speculation of more private equity buyouts

(Newser) - Investors are snapping up shares of some Europe's biggest hotel chains, the Financial Times reports, as the market bets that more private equity firms will tuck into new cross-Atlantic deals. They're inspired by Blackstone's $26 billion Hilton offer, and a banner year for hotel buyouts more generally.

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