Intercontinental in profits jump

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The world's biggest hotel company, Intercontinental, has reported a sharp jump in profits, earning $178m (£114m) pre-tax in the three months to the end of June.

The owner of the Holiday Inn and Crowne Plaza brands also saw revenues increase, with a 17% rise in China and a 6% increase in Europe more than compensating for a decrease in the US.

Brian Milligan reports.

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