InterContinental Hotels saw its share price slump 2.04% today after it published its latest half-year results. The shares ended the day down 108 at 5,181.
However the company has come in for praise for announcing that it's scrapping plastic toiletries. Hargreaves Lansdown's Sophie Lund-Yates said:
It’s good to see InterContinental future-proofing the brand, and the planet, by phasing out its plastic miniature toiletries across all of its sites. A number of hotels, including some American Holiday Inn Express hotels are already using bulk dispensers. Travellers who like to pocket the novelty-sized shampoos and soaps might be disappointed, but this is a good move on IHG’s part. With regulation around single use plastic ramping up on both sides of the Atlantic, and rival chains like Marriot making similar changes, it makes perfect sense for InterContinental to get in on the environmentally friendly action.