- Future hotel stays
- Meals for meetings with business associates and potential clients
- Travel costs associated with car rentals, checked baggage, wi-fi access, airfare and other travel expenses
- Gas for the next road trip, whether for work or play
Operating profit was 3% ahead of analyst expecations but couldn't save the stock from falls as margins at its key HotelServices unit slid.
European stocks traded mixed Tuesday, with futures prices pointing to an uncertain open on Wall Street, as investors continued to focus on mounting regional political risks amid stronger-than-expected economic data
InterContinental Hotels rose to a record high after the Holiday Inn owner reported better-than-expected 2016 profits and boosted its dividend payment amid ongoing pressure from new entrants such as AirBnB.