InterContinental sees ‘incredible’ long-term market in UK

InterContinental  sees ‘incredible’ long-term market in UK
10/05/2018 , by , in INTERNATIONAL

INTERCONTINENTAL Hotels Group sees an “incredible” long-term market in London and the UK, chief executive officer Keith Barr said, shrugging off the uncertainty fuelled by the vote to quit the European Union.

“It’s only 5 per cent of our business globally, but it’s where we are based and we think there is more opportunity for us to grow all of our brands in the market,” he said in an interview with Bloomberg Television in Dubai on Thursday.

While buying assets in the UK is not consistent with the group’s strategy, “partnering with key strategic owners is something we’re very focused on”, he said.

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