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.
As the IHG share price soars, does it have more upside?
Intercontinental Hotels Group (IHG) share price has done well this year, rising by over 24% in London. It soared to a high of 8,345p, its highest point since July 17, while its American ADR has jumped to a record high of $114.5.
InterContinental Hotels Group: Widening Competitive Moat At A Lower Valuation
InterContinental Hotels Group is enhancing its competitive advantage by expanding its rewards program, increasing direct bookings through its app, and growing its portfolio of luxury and lifestyle brands. Despite economic challenges, IHG reported strong financial results in the first half of 2024, with growth in revenue per available room (RevPAR), system size, and hotel pipeline. Shares of InterContinental Hotels appear reasonably valued, but investors should keep in mind the high risk of recession in the U.S., and the current economic weakness in China.
InterContinental Hotels Group PLC (IHG) Q2 2024 Earnings Call Transcript
InterContinental Hotels Group PLC (NYSE:IHG ) Q2 2024 Results Conference Call August 6, 2024 4:30 AM ET Company Participants Stuart Ford - Head, IR Elie Maalouf - Group CEO Michael Glover - CFO Heather Balsley - Chief Commercial & Marketing Officer Conference Call Participants Vicki Stern - Barclays Jamie Rollo - Morgan Stanley Richard Clarke - Bernstein Jaina Mistry - Jefferies Estelle Weingrod - JPMorgan Muneeba Kayani - Bank of America Jarrod Castle - UBS Jaafar Mestari - BNP Paribas Alex Brignall - Redburn Lantech Andre Juillard - Deutsche Bank Operator We now begin the Q&A session. [Operator Instructions] Question-and-Answer Session Operator [Operator Instructions] Our first question for today comes from Vicki Stern of Barclays.
InterContinental Hotels Group plc (IHG) Q2 2024 Earnings Call Pre-Recorded Presentation Transcript
InterContinental Hotels Group plc (NYSE:IHG ) Q2 2024 Earnings Call Pre-Recorded Presentation August 6, 2024 3:45 AM ET Company Participants Stuart Ford - IR Elie Maalouf - CEO Michael Glover - CFO Heather Balsley - CCO Stuart Ford Hello, and welcome to IHG's 2024 Half Year Results Presentation. I'm Stuart Ford, Senior Vice President and Head of Investor Relations at IHG Hotels & Resorts.
InterContinental Hotels growth held back by China decline
InterContinental Hotels Group PLC reported an acceleration in revenue growth in the past quarter as improvement in North America helped offset worsening declines in China. The owner of the Holiday Inn, Crown Plaza and Kimpton hotel chains grew revenue per available room (revPAR) 3.0% in the first half of 2024, with 3.2% growth in the second quarter improving from a 2.6% reduction in the first.
