InterContinental Hotels on Track to Meet Views on Strong Results -- Market Talk

Dow Jones
08/07

0844 GMT - InterContinental Hotels' results show it doesn't need high revenue per available room gains to deliver strong profit growth, Peel Hunt's Ivor Jones and Douglas Jack say in a note. Commercial momentum for the owner of the Holiday Inn, Regent and Crowne Plaza hotel chains was driven by record 1H openings--207 hotels and 31,400 rooms. Its excellent margin progression shows it is on track to meet forecasts, the analysts add. Still, despite pressures on revenue being offset by a strong margin performance, macro issues in the U.S. continue to be a concern and will weigh on the share price, the analysts say. "We believe IHG is demonstrating that payback on years of strategic development can offset macro headwinds," they say. Shares are up 6.6% at 9,254 pence.(anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

August 07, 2025 04:46 ET (08:46 GMT)

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