Crowne Plaza Owner IHG Expected to Report Strong Performance -- Market Talk

Dow Jones
04/08

1224 GMT - InterContinental Hotels Group is expected to report a strong performance for the first quarter of this year despite the war in the Middle East, BofA Securities analysts write. The Crowne Plaza and Iberostar owner is expected to report a 3.9% like-for-like rise in 1Q revenue per available room--a key metric for the industry--on May 7. IHG has a small exposure to the Middle East with around 5% of rooms in the region, according to BofA. Shares are up 6.9% at $139.80, but are down 0.7% over the year to date. (ian.walker@wsj.com)

 

(END) Dow Jones Newswires

April 08, 2026 08:26 ET (12:26 GMT)

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