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InterContinental profit slips

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InterContinental profit slips

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The world’s biggest hotelier, InterContinental said its profit last year fell by just over a third and it warned that trading conditions would remain tough until business travellers return in greater numbers.

Annual operating profit from the group, which includes the InterContinental, Crowne Plaza and Holiday Inn brands were 266 million euros.

That was better than forecast and showed some improving trends.