PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--The St. Joe Company (NYSE: JOE) is excited to share that IHG Hotels & Resorts has named Hotel Indigo Panama City Marina as the “IHG Newcomer of the Year.” This honor is a significant achievement within the IHG group, which consists of 19 hotel brands and over 6,000 hotels worldwide, highlighting new hotels that have provided excellent guest experiences and upheld high operational standards.
The governor of the Bank of England warned about the effects of 'global fragmentation' on the global economy while the markets remained mostly unchanged.
InterContinental Hotels Group PLC (NYSE:IHG) will hold a conference call on February 18, 2025, at 4:30 AM ET to discuss their Q4 2024 results. The call will feature company leaders including CEO Elie Maalouf and CFO Michael Glover, along with analysts from various financial institutions. Stuart Ford, the Senior Vice President and Head of Investor Relations, will open the presentation.
InterContinental Hotels Group announced that its operating profits increased by 10% due to the rise in new hotel openings.
On Tuesday, IHG, the owner of Holiday Inn, announced a 3% increase in its yearly room revenue, which was better than what the market had anticipated. This growth was driven by a rise in demand in the United States.
Is InterContinental Hotels (IHG) a strong choice for momentum investors? Let's take a closer look.
Hotels and places to stay, like InterContinental Hotels Group, are expected to grow because of revenge travel and strong basics. IHG's fee-based business model and good financial health make it ready for recovery and growth, even with some minor issues. Positive travel trends and the rise of hybrid work are important factors driving IHG's growth.
Is InterContinental Hotels (IHG) a strong choice for momentum investors? Let's take a closer look.
Many investors overlook hotel chains, even though they have shown strong financial results in the past. Marriott and IHG Group are top hotel operators with good profit margins and growth potential, but we believe IHG is the more attractive option. While Marriott has higher profits, IHG's ability to improve its margins and its strong future projects make it a more appealing investment opportunity.
InterContinental Hotels (IHG) has received a Zacks Rank #2 (Buy), indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.