InterContinental HotelsNYSE: IHG

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.

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.

InterContinental Hotels Group PLC, the owner of Holiday Inn, announced a 2.6% year-over-year increase in global revenue per available room (RevPAR), driven by strong results in the EMEA region. The company has made progress in its $800 million share buyback program, with $239 million already completed as part of a larger initiative to return over $1 billion to shareholders by 2024 through buybacks and dividends.

Holiday Inn owner Intercontinental Hotels Group PLC (LSE:IHG) is planning on expanding its fee margins in 2024, through a mix of cost-cutting and revenue growth, according to its new boss Elie Maalouf. Maalouf joined IIHG in mid-2023, but Monday's full-year update was one of his first chances to leave his mark on the company.

Strategy will be the keyword for Intercontinental Hotels Group PLC (LSE:IHG) investors when the hotel group reports its 2023 results next month. It will be the hotelier's first set of results under new chief executive Elie Maalouf, who took the reins in July, and analysts at Jefferies reckon the corporate set-piece won't see any shocks.

Here is how InterContinental Hotels (IHG) and Jakks Pacific (JAKK) have performed compared to their sector so far this year.

We have narrowed our search to five consumer discretionary stocks that have strong growth potential for December. These are: LYV, RCL, IHG, NKE, WMG.