InterContinental Hotels (IHG) Stock

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.

Kimpton's annual forecast reveals emerging trends shaping global restaurant and bar menus for the year ahead ATLANTA , Nov. 21, 2024 /PRNewswire/ -- Kimpton, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, is returning with its annual Culinary + Cocktail Trend Forecast highlighting predictions from its global team of restaurant and beverage talent. From salted egg yolks and chili crunch fusions to mushroom-infused teas and freeze-dried fruit powder garnishes, Kimpton's in-house experts share the standout ingredients, menu items and techniques that will come to the table in 2025.

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.

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 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.

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.

LONDON , July 17, 2024 /PRNewswire/ -- IHG Hotels & Resorts, a global leader in hospitality, today announces the launch of its Low Carbon Pioneers programme, which brings together energy efficient hotels that have no fossil fuels combusted on-site* and are backed by renewable energy. This group of low operational carbon hotels is the first community of its kind in the industry and will help IHG test, learn and share findings on sustainability measures.

Does InterContinental Hotels (IHG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how InterContinental Hotels (IHG) and Lincoln Educational Services Corporation (LINC) have performed compared to their sector so far this year.