Streetbeat News

IHG

InterContinental Hotels Group PLC

https://www.ihgplc.com

Industry

Travel Lodging

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza. It also provides IHG Rewards loyalty program. As of December 31, 2021, the company operated 5,991 hotels and 880,327 rooms in approximately 100 countries. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Denham, the United Kingdom.

Open

121.56

Mkt cap

19B

Volume

95K

High

121.75

P/E Ratio

31.30

52-wk high

122.34

Low

120.58

Div yield

0.01

52-wk low

74.82

Airfares have decreased for Labor Day, but other travel costs like cruises, car rentals, and hotels have risen. Airlines, cruise companies, and hotels mostly traded higher ahead of the holiday weekend.

Portfolio Pulse from Michael Juliano

August 30, 2024 | 7:51 pm

In Friday's pre-market session, several consumer discretionary stocks showed significant movement. El Pollo Loco Holdings (LOCO) led the gainers with a 30.7% increase following their Q1 earnings report. Other notable gainers include Lixiang Education Holding (LXEH), Udemy (UDMY), Phoenix Motor (PEV), SRIVARU Holding (SVMH), and BJ's Restaurants (BJRI), all experiencing increases after their earnings reports. On the losing side, Adient (ADNT) saw a 12.3% decrease after their Q2 earnings, with Expedia Group (EXPE), Visionary Holdings (GV), Genius Gr (GNS), Dixie Gr (DXYN), and InterContinental Hotels (IHG) also reporting declines.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 12:06 pm

IHG Hotels & Resorts is standardizing on Salesforce's Loyalty Management to enhance its IHG One Rewards program. This collaboration aims to drive guest loyalty, offer personalized experiences, and achieve greater efficiencies by utilizing Salesforce's Einstein 1 Platform. This platform integrates CRM, AI, data, and trust, enabling IHG to provide tailored guest experiences and deepen connections with its guests. The move reflects the growing consumer demand for personalized services, with IHG leveraging Salesforce's technology to meet these expectations.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:13 pm

Bernstein analyst Richard Clarke downgrades InterContinental Hotels (NYSE:IHG) from Market Perform to Underperform, indicating a negative outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:58 am

Jefferies analyst Jaina Mistry downgraded InterContinental Hotels (NYSE:IHG) from Buy to Hold, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:42 am

Walmart Inc. reported better-than-expected Q4 FY24 results, with net sales growth of 5.7% to $173.39 billion and adjusted EPS of $1.80, surpassing consensus estimates. The company also announced a 9% increase in its annual cash dividend for FY25. Other stocks like Iovance Biotherapeutics, Phathom Pharmaceuticals, VIZIO Holding Corp, Discover Financial Services, Barclays PLC, Korea Electric Power Corporation, Qurate Retail, InterContinental Hotels Group, Armstrong World Industries, Telephone and Data Systems, and Owens & Minor recorded gains in Tuesday's session.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 3:26 pm

Societe Generale analyst Sabrina Blanc downgraded InterContinental Hotels (NYSE:IHG) from Buy to Hold, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:38 pm

Three consumer discretionary stocks, QuantaSing Group Limited (QSG), Flexsteel Industries, Inc. (FLXS), and InterContinental Hotels Group PLC (IHG), are considered overbought based on their Relative Strength Index (RSI) values, which may signal a potential short-term decline. QSG's RSI is 71.93, FLXS's is 77.59, and IHG's is 70.13, with RSI values above 70 typically indicating overbought conditions.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 1:12 pm

Morgan Stanley's 21st annual Global Hotel Corporate Travel Survey indicates a positive outlook for the hotel industry. The survey found that 2024 travel budgets are expected to be 8% above 2023, well above consensus expectations for 2% RevPAR growth. About 40% of respondents have returned to pre-COVID travel levels. Room rates are expected to increase by 5% YoY in 2024, with 5-6% growth expected for major global chains like Marriott, Hilton, InterContinental Hotels Group, and Accor SA. The shift to virtual meetings is declining, providing a tailwind to spend.

Portfolio Pulse from Shivani Kumaresan

November 06, 2023 | 6:46 pm

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