It will be hard until business guests return, warns Intercontinental
Chief executive Andrew Cosslett warned that hotel room rates remain under pressure and expects trading will stay difficult until he sees a big return in global business travellers.
"We see a challenging six months, then hopefully we will see some improvement," Mr Cosslett said.
He added the group had seen occupancy levels stabilise, move higher in January and expects a turning point in the second half from the worst downturn the hotel industry has ever seen.