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  "documentTitle": "2023 05 Investor Deck",
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  "notes": "The table provides a detailed bridge from reported financial statement figures to underlying fee business performance, with specific footnotes explaining adjustments for asset disposals and currency impacts.",
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      "text": "1. Americas: the results of one InterContinental hotel have been removed (disposed in 2020) along with the results of three EVEN hotels (disposed in 2021) to determine underlying performance. EMEAA: the results of one Holiday Inn hotel (disposed 2020), one InterContinental hotel (disposed 2021), along with the results of three UK Portfolio hotels and one other InterContinental hotel (disposed 2022) have been removed to determine underlying performance. 2. Stated at FY 2022 CER. 3. Calculations changed from those initially presented on 21 February 2023 in order to correctly state at FY 2022 CER (the initial calculations were stated at FY 2020 CER).",
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      "text": "FY 2019 underlying fee business revenue and operating profit non-GAAP reconciliations",
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