InterContinental upbeat over trading

Hotel giant InterContinental has said its trading momentum was good in August and September, and that it had not seen any significant impact from global recession fears and mounting debt concerns in the United States and Europe.

New chief executive Richard Solomons said his firm, home to the Crowne Plaza and Holiday Inn brands, had yet to see any real effect from any dip in external economic activity.

“We are not saying there will be no impact, but right now we don’t really see any impact from [any downturn in] external economic activity,” he said.