Stock of the Day - November 17, 2021

Intercontinental Hotels Group (IHG)

$156.28

-$3.78 (-2.4%)

Market Cap: $23.21B

About Intercontinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.

It also provides IHG Rewards loyalty program. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Windsor, the United Kingdom.

Today's Trend

InterContinental Hotels Group (NYSE: IHG) shares have increased as investors weigh strong underlying hotel demand, higher global RevPAR and the company’s maintained 2026 outlook against Middle East weakness and a reported earnings miss.

Strong demand and outlook reaffirmed: IHG reported a 10% increase in profit, helped by growing middle-class spending, demand in the Americas and China, and World Cup-related bookings. Management said it remains on track to meet its full-year 2026 expectations. Hotel giant says growing middle class boosted hotel demand despite Middle East hit InterContinental Hotels Group Affirms 2026 Outlook Amid Growth in First-half Revenue
RevPAR and room revenue improved: Global revenue per available room rose in the first half, while quarterly room revenue benefited from stronger demand in the Americas and China. The results support the view that IHG’s asset-light, fee-based model is benefiting from resilient travel spending. Holiday Inn owner IHG's quarterly room revenue rises on China, Amers demand
Dividend declared: IHG announced a dividend of 0.645 per share for shareholders of record on August 21, payable October 1. The reported 83% yield appears inconsistent with the dividend amount and should be independently verified, but the payment provides a modest shareholder-return catalyst.
Brand expansion: IHG signed the first Middle Eastern property for its new premium collection brand, Noted Collection, in Saudi Arabia. The agreement expands the company’s brand pipeline in a strategically important region. IHG Introduces its new premium collection brand Noted Collection to the Middle East
Regional and earnings risks remain: Middle East revenue reportedly fell 19% as the Iran conflict hurt tourism, and room-revenue growth slowed as geopolitical disruption offset gains elsewhere. A separate report showed quarterly EPS of $1.37 versus a $2.65 consensus estimate, although the revenue comparison may reflect inconsistent reporting definitions. Holiday Inn owner IHG revenue drops 19% in Middle East as Iran war hits tourism InterContinental Hotels Group quarterly earnings report

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