Hospitality company is on track to meet market expectations for annual revenue and earningsThe Holiday Inn owner reported global RevPAR growth of 3.5% in the three months to June, down from 4.4% in Q1. PHOTO: REUTERS[BERKSHIRE, UK] InterContinental Hotels Group’s (IHG) room revenue growth slowed in the second quarter as a sharp decline in the Middle East offset continued gains in the United States and China. The Holiday Inn owner reported global revenue per available room (RevPAR) growth of 3.5 per cent in the three months to June, down from 4.4 per cent in the first quarter. However, the Iran war, now in its sixth month, has weighed on hotels and travel companies in the Middle East. The Middle East, part of IHG’s second-largest EMEAA region and accounting for about 5 per cent of global revenue, recorded a 19 per cent drop in RevPAR in Q2.