The Experience Economy Rides Again: IHG's Profits Soar Despite Middle East Turmoil Global hotel giant InterContinental Hotels Group (IHG) has reported a 10% boost in operating profits for the first half of this year, defying expectations and delivering on its promise to be at the forefront of the experience economy.
According to CEO Elie Maalouf, the growing middle class is driving demand for experiences over goods – and IHG is reaping the benefits.
The Middle East conflict, which began in February, had a limited impact on IHG's bottom line.