Executives at InterContinental Hotels Group said owner payments in the last month have improved, and the firm has underpinned day-to-day operations with cash savings.
Speaking on the company’s third-quarter results earnings call, Paul Edgecliffe-Johnson, chief financial officer and head of group strategy, said, “Invoices paid by our owners within 90 days of their due date increased to 90% from 80% in the Americas.”