InterContinental Hotels launches US$500mln share buyback as profits surge on continued travel recovery
The Holiday Inn owner is resuming its interim dividend with a payout of 43.9 US cents
Company
Intercontinental Hotels Group PLC
LON:IHG
InterContinental Hotel Group PLC operates 4,150 hotels across nearly 100 countries through seven hotel brands – InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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Tuesday's agenda: Intercontinental Hotels and L&G push financials and travel to the fore
A big day for the financial and insurance sector tomorrow, while retail sales will shine a light on the mood of the consumer
InterContinental Hotels and TUI face different challenges in run up to quarterly results
‘No freewheeling on the hotel cycle’ for InterContinental Hotels Group, says analyst
Pubs and restaurants falls on rail strike worry - though suburbia may benefit
Worst affected were those with outlets in stations, including WH Smith, SSP and Wagamama owner Restaurant Group
InterContinental Hotels boosted by easing of Covid restrictions in first quarter
A tough January, with Covid restrictions remaining in some areas, hampered performance in the Americas and EMEAA
IHG resumes dividend payout but RevPar lags
Group operating profits of US494mln came in at the lower end of consensus expectations with RevPAR still well below pre-pandemic rates
InterContinental Hotels continues to move back towards pre-pandemic levels
There is still “some way to go before the group reaches the heights it achieved in 2019, but given the travel restrictions that continue to affect many markets this is a pretty good start", one analyst said
China’s women will drive trillions in global spending – who will be the UK winners?
The younger generations are changing, as more gender equality in education and at work pushes women to spend money for themselves rather than their families
InterContinental Hotels Group a solid business, but are the shares worth buying?
Deutsche Bank said the interim numbers demonstrated once more the 'solidity' of the chain
Time to stop selling InterContinental Hotels, says stockbroker
An upgrade to 'hold' doesn't scream bullishness but comes with a share price target that suggests upside to the current level
InterContinental Hotels returns to profit in first half as travel demand picks up
Almost half of the group’s hotels achieved RevPAR above 2019 levels in July
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FTSE 100 finishes modestly higher as US stocks push off lows; oil prices stay dull
At the close, the UK blue-chip index was 9.35 points, or 0.1% higher at 7,132.30, only just below the day’s peak of 7,138.805
Is it time to dive back into the hotel sector? Read what the stock pickers at this leading bank have to say
Deutsche Bank believes the industry will be back to pre-pandemic levels by the end of 2020
InterContinental Hotels sees better demand led by Americas, China
As of 31 March, only 4% of the total estate was closed
InterContinental Hotels Group sees recovery later in 2021
The size of the estate now 886,000 rooms with a further 272,000 planned
IHG expects higher profits after accounting tweak and agrees looser bank terms
The Holiday Inn owner also said a change in its treatment of certain revenue from licensing of intellectual property will add around US$22m to operating profit for this year
Intercontinental Hotels opens new sites despite quarterly revenue slump
The group's occupancy rate in the three months to September 30, 2020, was at around 80% of last year’s levels
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FTSE 100 wraps up the week with 74 point gain; US stocks tumble again
It was not quite across the board gains on the Footsie - IHG and LSE were among those to get the elbow
IHG and Whitbread upgraded as JPMorgan sees business travel concerns as overdone
The analyst now forecasts the hoteliers going back to profitability peaks within three years
Intercontinental Hotels downgraded to ‘hold’ by Peel Hunt ahead of trading update
The broker also reduced the target price from 5,000p to 4,300p because the recovery will take a while