Holiday Inn-Owner IHG Shares Hit Record High After Profit Beat, Dividend Hike

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. InterContinental Hotels rose to an all-time high Monday 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.