InterContinental Hotels Group PLC (IHG) Q4 2024 Earnings Call Transcript
InterContinental Hotels Group PLC (NYSE:IHG ) Q4 2024 Results Conference Call February 18, 2025 4:30 AM ET Company Participants Stuart Ford - IR Elie Maalouf - Chief Executive Officer Michael Glover - Chief Financial Officer Conference Call Participants Jamie Rollo - Morgan Stanley Vicki Stern - Barclays Jaina Mistry - Jefferies Muneeba Kayani - Bank of America Jaafar Mestari - BNP Paribas Exane Jarrod Castle - UBS Kate Xiao - Bernstein Andre Juillard - Deutsche Bank Alex Brignall - Redburn Atlantic Stuart Ford Hello, and welcome to IHG's 2024 Full Year Results Presentation. I'm Stuart Ford, Senior Vice President and Head of Investor Relations at IHG Hotels & Resorts.
IHG profit-takers check out as guidance disappoints
Shares in Intercontinental Hotels Group PLC (LSE:IHG) retreated 4%, having hit all-time highs in recent weeks, after the Holiday Inn owner reported full-year results largely in line with expectations, as analysts pointed to higher interest rate payment guidance and 'key money' costs as potential headwinds. Jefferies noted that while revenue, EBIT, and EPS were in line with expectations, guidance for interest and 'key money' – referring to upfront payments made to property owners or developers to secure management or franchise agreements – were higher than anticipated.
Holiday Inn owner IHG's annual room revenue beats expectations
Holiday Inn owner IHG reported 3% growth in its annual room revenue on Tuesday, above market expectations, boosted by a pick-up in demand in the United States.
InterContinental Hotels (IHG) Is Up 1.37% in One Week: What You Should Know
Does InterContinental Hotels (IHG) have what it takes to be a top stock pick for momentum investors? Let's find out.
InterContinental Hotels Group: Market Opportunities To Support Its Upside
Hotels and accommodations, including InterContinental Hotels Group, are poised for growth due to revenge travel and solid fundamentals. IHG's fee-based business model and strong liquidity position it well for market recovery and expansion, despite some technical weaknesses. Favorable travel outlook and hybrid work trends are key growth catalysts for IHG.
Are You Looking for a Top Momentum Pick? Why InterContinental Hotels (IHG) is a Great Choice
Does InterContinental Hotels (IHG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Marriott International Vs. InterContinental Hotels Group: Which High-Margin Hotel Stock Is The Better Buy?
Hotel chains are under-considered investments for most investors, despite their strong historical and financial performance. Marriott and IHG Group are leading hotel operators with robust profit margins and growth prospects, but we think IHG is the better buy. MAR boasts higher profitability, but IHG's potential for margin improvement and a strong pipeline makes it a compelling investment with more room for appreciation.
All You Need to Know About InterContinental Hotels (IHG) Rating Upgrade to Buy
InterContinental Hotels (IHG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
InterContinental Hotels: Double-Digit Growth Potential Is Reflected In The Price
Shares of InterContinental Hotels Group PLC have been on a strong run, returning around 75% since my last piece just over a year ago. Unit count growth has remained robust, despite my previous concerns around the impact of higher interest rates on project financing. IHG stock trades for ~28.5x EPS, up from 19.5x previously. While potential double-digit EPS growth is attractive, it would only take a modest degree of multiple contraction to offset this.
InterContinental Hotels Group: Remain Confident On Growth Recovery And Capital Return Momentum
I maintain a buy rating on IHG due to positive EPS outlook, solid demand momentum, and strong balance sheet enabling capital returns to shareholders. Despite a slight RevPAR slowdown in 3Q24, positive forward demand indicators and macroeconomic improvements suggest growth will accelerate. IHG's strong cash conversion and low leverage ratio position it well for continued share buybacks, enhancing shareholder value.
Holiday Inn owner IHG grows revenue per room despite China slump
Intercontinental Hotels Group PLC (LSE:IHG) (IHG) has said revenue per available room continued to grow over the third quarter despite ongoing pressure in China. Global revenue per available room climbed by 1.5% over the quarter, the Holiday Inn owner reported on Tuesday.
Holiday Inn owner IHG pinning earnings growth on China recovery
Holiday Inn-owner Intercontinental Hotels Group PLC (LSE:IHG) shares have been on a rip since the FTSE 100-listed group's interim earnings call in August and investors will be hoping for more of the same following upcoming third-quarter results. As outlined at the half-year point, IHG expects a 12-15% compound annual growth rate (CAGR) in adjusted earnings per share (EPS) over the medium to long term.
