Crowne Plaza Owner IHG Expected to Report Strong Performance -- Market Talk
Dow Jones
Apr 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)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.