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Who is IHG? They are the place I end up at because I search at Hotels.com and they posted the cheapest rate. Sounds like a shit business that is as profitable
by jcampbell1 13y ago
Who is IHG? They are the place I end up at because I search at Hotels.com and they posted the cheapest rate. Sounds like a shit business that is as profitable as an airline.
I don't use AirBnB, but my understanding is they take 12% no matter what. In some ways, AirBnB is more like Hotels.com than the local Holiday Inn.
- timr 13y ago"Who is IHG? They are the place I end up at because I search at Hotels.com and they posted the cheapest rate. Sounds like a shit business that is as profitable as an airline." IHG is InterContinental Hotels Group, one of the largest hotel operators around. And given that their net profit margins are around 25% annually (that's $500 million in profit, and it's growing YOY) [1], I wouldn't be too quick to dismiss them as "a shit business" in favor of AirBnB's 12% surcharge. They seem to be doing pretty well for themselves. Seriously, folks: take the two seconds to look things up before you snark. You'll look smarter. [1] https://www.google.com/finance?q=NYSE%3AIHG&fstype=ii&ei=SHp8UqioCqiriAKzVQ https://www.google.com/finance?q=NYSE%3AIHG&fstype=ii&ei=SHp...