Holiday Inn-owner taps Bank of England loans as room revenue sinks

(Reuters) - Holiday Inn-owner InterContinental Hotels said on Monday it had raised 600 million pounds from Bank of England loans under the government's coronavirus aid scheme as it estimated a 25% plunge in global revenue per available room in the first quarter.IHG, which announced a $150 million in cost cuts last month, said it now had $2 billion in liquidity as it also amended its credit facility to include a waiver of existing covenants until Dec. 31, 2021.Travel and leisure businesses have..