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InterContinental Hotels Group PLC

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IHG.N

ISIN: US45857P3010
SEDOL: B1XJ2D7

Rating:

HOLD

Target Price:

10.19 USD

Investment Horizon:

6 to 24 months
12th May 2009 View Report   Download

1Q 09 News Alert

Intercontinental Hotels Group PLC (IHG) experienced a y-o-y decline in revenues from continuing operations in 1Q 09 reflecting the impact of lower Revenue per available room (RevPAR), on a constant currency basis. Revenues and adjusted operating income from continuing operations were below our estimates. In view of lower-than-expected results and a cautious outlook for the travel and leisure industry we maintain our HOLD rating for the ADR....

8th May 2009 View Report   Download

4Q 08 & FY 2008 Update Report

The impact of global economic downturn has prompted cutbacks in business and leisure travel. IHG had already reported a 6.5% y-o-y revenue per available room (RevPAR) decline in 4Q 08. According to Smith Travel Research, in March 2009, occupancy in US hotels fell by 11.6% y-o-y and daily room rates dropped 9.6% y-o-y, resulting in a 20% y-o-y decline in RevPAR. With 50% of its revenues deriving from continuing operations in the US, this…

17th Feb 2009 View Report   Download

FY 2008 News Alert

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Intercontinental Hotels Group PLC (IHG) experienced y-o-y growth in its revenues from continuing operations in FY 2008, reflecting an increase in the number of rooms available and modest y-o-y growth in Revenue Per Available Room (RevPAR), on a constant currency basis. While revenues and adjusted operating income1 from continuing operations were broadly in line with our…

21st Jan 2009 View Report   Download

Company News Alert

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InterContinental Hotels Group PLC’s (IHG) ADR price has declined significantly since our 3Q 08 update report, dated 18 December 2008, reflecting ongoing weakness in global equity markets and the downturn in the hotel and leisure industry. Going forward, although we expect the current economic climate to negatively impact revenues and margins, given the company’s strong…

18th Dec 2008 View Report   Download

3Q 08 Update Report

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Intercontinental Hotels Group PLC (IHG) experienced y-o-y growth in 3Q 08 revenues from continuing operations, in line with our estimate, reflecting a robust performance in the Franchised segment, primarily boosted by room additions. Adjusted operating margin improved as a result of a decrease in amortization expenses. Going forward, we expect revenues from continuing operations to be impacted by reduced spending on travel…