Around half of Greeks plan to reduce spending on summer holidays this year, as rising costs continue to squeeze household budgets, Greek financial newspaper Naftemporiki reported on Wednesday, citing a survey by the Hellenic Institute of Retail Consumer Goods Research (IELKA).

Holiday Inn owner InterContinental Hotels Group posted third-quarter room revenue growth of 1.5% on Tuesday, as summer demand in Europe offset a subdued U.S. market and dogged weakness in China, News.Az reports citing Investing .