The rash of hotels built for the London Olympics and the economic downturn in the eurozone caused a rare drop in revenues per room across Europe at the world's largest hotels group, InterContinental.

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'I was bang to rights': Ed Balls confesses to going 'too far, too fast' as he is caught speeding

Ed Balls today confessed to being caught speeding – saying that he was “bang to rights”.

Wales's first 'five-star' hostel, the Plas Curig

Hostels: All mod cons… plus bespoke bunks

As a Welsh hostel is awarded five stars, Simon Calder reports on a reinvention

The Saturday Quiz answers

1. Bread and circuses.

InterContinental investors' £960m windfall

Investors in InterContinental Hotels, which is reeling from a price-fixing investigation, hope for better news this week with City analysts betting they may be on track for a $1.5bn (£960m) bonus.

Budget airlines like Ryanair often deliver profits

Investment Insider: Tourism continues to ride out the turbulent times

Tourism is worth around £90bn to the UK and employs two million people. The industry spans hotels, inns and restaurants to trains, boats and planes. The common thread running through all these different businesses is that they provide products and services to tourists.

Peltz stirs takeover talk at InterContinental Hotels

A New York billionaire famed for dating Victoria Principal has taken a stake in InterContinental Hotels Group, raising speculation that it may be a takeover target.

A general view of the BBC new 'Media City' headquarters in Salford

Trending: A helpful restaurant guide for London's media refugees

Bleary-eyed viewers tuning in to BBC Breakfast this morning might not have noticed much difference in the set or in the line-up of presenters (Bill Turnbull is still on the sofa). But, nonetheless, today represents a change for the programme, as it will now be broadcast from the BBC's shiny studios at MediaCityUK in Salford, Manchester.

InterContinental Hotels group creating 3,000 UK jobs

Deputy Prime Minister Nick Clegg today hailed the creation of 3,000 new jobs in the UK by a major hotel group.

New York hotel sale to raise $250m for investors

Shareholders in the world's biggest hotel group are hoping for news this week that could prompt a $250m (£159m) windfall.

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Steve Bunce on Boxing

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