Company: Intercontinental Hotels Group
Intercontinental Hotels Group : [IHG
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]Wednesday, 31 Dec 2008 | Source: The Associated Press
As the term "staycation" gained traction in the American lexicon, hotel stocks plunged in 2008 as both consumers and businesses cut back on travel spending.
| Source: The Associated Press
Shares of hotel companies finished mixed on Thursday as the latest round of retail sales results stoked worries about consumer spending cutbacks, but an analyst predicted that hotel stocks will begin to stabilize.
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COMPANY : Intercontinental
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