InterContinental to cut costs after loss
China Daily | Updated: 2009-05-13 08:04
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A doorman waits outside the InterContinental Hotel in London's Mayfair. Bloomberg News |
LONDON: InterContinental Hotels met forecasts with a 44 percent drop in first-quarter profit and said it was outperforming rivals and seeing some signs that demand is stabilizing, boosting its shares yesterday.
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