InterContinental HotelsNYSE: IHG

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.

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

InterContinental Hotels Group PLC (NYSE:IHG) Q1 2024 Sales/ Trading Statement Call on May 3, 2024 at 3:30 AM ET with Company Participants Stuart Ford, Elie Maalouf, and Michael Glover.

Barclays reported that InterContinental Hotels Group plc, the owner of Holiday Inn, had a mixed financial performance in the first quarter. Despite falling slightly below revenue per available room (RevPAR) expectations, the company's shares are considered to be more affordable compared to its competitors. Strategic changes in system fund arrangements are expected to greatly improve the company's financial results.