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Top related persons:
Elie Maalouf - 4 IHG - 3 Maalouf - 2 Matthew Childs - 2 Bernstein - 2 Richard Clarke - 2 Glover - 2 Yadarisa - 2
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Hotels - 2 O2 - 2 REUTERS - 2 Crowne Plaza - 2 Regent - 2 Thomson - 2 Intercontinental Hotels - 1 CNBC - 1

Search resuls for: "Elie Maalouf"


5 mentions found


☆ Revenge travel is over — even in China, says CEO of InterContinental Hotels Group
  + stars: | 2023-10-24 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: +3 min
In this article IHG-GBIHG Follow your favorite stocks CREATE FREE ACCOUNTPent-up travel demand — which drove global travel recovery following the Covid-19 pandemic — is over, said Intercontinental Hotels Group CEO Elie Maalouf. "So we're really past revenge travel — even in China." The company's latest quarterly update showed travel demand remained strong during the close of the summer travel season. Elie Maalouf CEO of Intercontinental Hotels GroupThe company currently operates more than 6,200 hotels worldwide and has another 1,978 in the pipeline. "In the United States, there are about 9,000 hotels that we think are interested in joining a system.
Persons: Elie Maalouf, Maalouf, We're, —, it's, IHG, Garner Organizations: Intercontinental Hotels, CNBC, Hotels, Resorts, Dubai —, Holiday Locations: China, Greater China, Beijing, Shanghai, Guangzhou, Shenzhen, Americas, Europe, Middle East, Africa, Asia, —, Spanish, Dubai, ., Southeast Asia, Central Asia, United States
☆ We're not moving our Middle East headquarters, says Intercontinental Hotels Group CEO
  + stars: | 2023-10-24 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not moving our Middle East headquarters, says Intercontinental Hotels Group CEOIHG CEO Elie Maalouf disputes reports that the company is moving its regional headquarters to Saudi Arabia, telling CNBC's Monica Pitrelli the company is committed to stay in Dubai.
Persons: Elie Maalouf, CNBC's Monica Pitrelli Organizations: Hotels Locations: Saudi Arabia, Dubai
☆ IHG says funding challenges holding back new hotel development
  + stars: | 2023-10-20 | by ( Yadarisa Shabong | ) www.reuters.com   time to read: +2 min
A general view of an Intercontinental Hotel at The O2 in London, Britain October 20, 2020. Its shares were down 3.6% by 1044 GMT, with Bernstein analyst Richard Clarke attributing the drop to the slowdown in net unit growth and fears it might miss its full-year guidance. "We definitely see the light at the end of the tunnel," he said, adding that IHG was growing in new signings and system size. The group recorded growth across its leisure, business travel and group travel segments, Maalouf said in a statement. The hotel industry has benefited from a post-pandemic boom in leisure travel as people splurge their savings on vacations despite rising costs of living.
Persons: Matthew Childs, IHG, Bernstein, Richard Clarke, Leo Carrington, Elie Maalouf, Maalouf, Glover, Yadarisa, Subhranshu Sahu, Tomasz Janowski, Jan Harvey Organizations: O2, REUTERS, Citi, U.S, Crowne Plaza, Regent, Thomson Locations: London, Britain, China, Israel, Bengaluru
☆ IHG upbeat about 2023 results despite challenges holding back new hotels
  + stars: | 2023-10-20 | by ( Yadarisa Shabong | ) www.reuters.com   time to read: +2 min
The owner of the Crowne Plaza, Regent and Hualuxe hotel chains flagged economic uncertainties ahead and said that short- term financing challenges were holding back development of new hotels. The group recorded growth across its leisure, business travel and group travel segments, CEO Elie Maalouf said in a statement. While business travel revenue was already ahead of 2019 levels in the third quarter, group and meetings revenue was still below, finance chief Michael Glover told reporters. The hotel industry has benefited from a boom in leisure travel demand after the pandemic, as people splurge their savings on vacations despite rising costs of living. Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Matthew Childs, Bernstein, Richard Clarke, Elie Maalouf, IHG, Michael Glover, Glover, Yadarisa, Subhranshu Sahu, Tomasz Janowski Organizations: O2, REUTERS, Crowne Plaza, Regent, Thomson Locations: London, Britain, China, Israel, Tel Aviv, Bengaluru
☆ London stocks rebound on rate pause bets, energy boost
  + stars: | 2023-05-05 | by ( Shristi Achar A | Thomson Reuters | Shristi Is A Correspondent | ) www.reuters.com   time to read: +2 min
The blue-chip index (.FTSE) and the mid-cap FTSE 250 index (.FTMC) rose 0.3% each, as of 0830 GMT. Oil and gas sector (.FTNMX601010) jumped 1.7%, with firm crude prices and a weaker dollar supporting gains. The U.S. Federal Reserve and the European Central Bank hiked interest rates by 25 basis points (bps) earlier this week. Though the ECB signalled more hikes were to come, the Fed indicated a potential pause in its monetary tightening. "As long as inflation doesn't move higher, it looks like the Fed has done enough in the near term."
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