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Holiday-Inn owner IHG posts annual loss on COVID-19 curbs

Feb 23 (Reuters) - Holiday Inn-owner InterContinental Hotels said on Tuesday that 2020 was the most challenging year in its history as repeated COVID-19 restrictions and lockdowns forced it to book an annual loss.

The company, whose brands include the Crowne Plaza, Regent and Hualuxe hotel chains, reported a group operating loss of $153 million for the year ended Dec. 31, compared with a profit of $630 million last year. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Devika Syamnath)

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