|Bid||4,820.00 x 10500|
|Ask||4,900.00 x 9300|
|Day's range||4,828.00 - 4,892.00|
|52-week range||3,656.00 - 4,944.00|
|PE ratio (TTM)||15.88|
|Earnings date||7 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||64.21|
Mar.06 -- IHG CEO Keith Barr discusses the company's performance and expansion plans, and weighs in on President Trump's tariffs. He speaks on "Bloomberg Daybreak: Europe."
No sooner has Whitbread Plc decided to spin off Costa Coffee than questions are being asked about the future of its other main business. Setting a course for the Premier Inn budget hotel chain will be the company’s main priority after Costa is jettisoned, and there’s no shortage of ideas in the market about how that can be achieved. While shareholder Blue Whale Capital LLP says the business should adopt a franchise model similar to InterContinental Hotels Group Plc, Bernstein analysts favor expanding Premier Inn’s business in Germany.
Holiday Inns owner InterContinental Hotels Group on Friday played down a fall in London revenues, saying demand has held up following a spate of terror attacks and group results have jumped. The FTSE 100 hotels giant said UK revenue per room slipped 1% in the first quarter. In London the figure was down 3%.
Revenue per available room (RevPAR), a key industry measure, rose 3.5 percent in the three months to March 31, above Morgan Stanley's estimate of 2.5 percent. Strong corporate demand and higher occupancies owing to the Chinese New Year lifted RevPAR growth in its Greater China region to 11 percent in the quarter, with 10 percent growth in mainland China. In the United States, the largest market for the company in terms of room numbers, RevPAR was up 2.2 percent, which compared with a rise of 1.9 percent a year ago.
French property group Fonciere des Regions (FDR.PA) made its first foray into the British market on Thursday, in a deal to buy 14 upmarket hotels from Starwood Capital for 858 million pounds ($1.2 billion). The transaction will also see InterContinental Hotels Group (IHG.L) sign long-term leases for 13 of those 14 hotels, with IHG subsequently rebranding and running those hotels, which are ranked as four-star and five-star venues. Fonciere des Regions said the takeover would allow it to diversify its portfolio of assets and get a foothold in the lucrative British market, where tourism numbers have risen thanks partly to a drop in sterling following Brexit.
French property group Fonciere des Regions made its first foray into the British market on Thursday, in a deal to buy 14 upmarket hotels from Starwood Capital for 858 million pounds . The transaction will ...
Keith Barr, InterContinental Hotels Group Global CEO, discusses the hotel group's plan for growth in the Middle East. He speaks in an exclusive interview with Yousef Gamal El-Din and Manus Cranny on "Bloomberg ...
InterContinental Hotels Group Plc sees an “incredible” long-term market in London and the U.K., Chief Executive Officer Keith Barr said, shrugging off the uncertainty fueled by the vote to quit the European ...
Renewed caution among investors dented Britain's top share index on Wednesday as Western forces discussed possible military action against Syria, although strong results from Tesco pushed its shares higher. The FTSE 100 (.FTSE) was down 0.13 percent, though it remained near the six-week high it reached on Tuesday after several days of gains. "Western military action against Syria seems imminent - and that is obviously going to lead to lots of worse things than yield curves being flattened/levelled entirely if it happens," Rabobank analysts said in a note.
Renewed caution among investors dented Britain's top share index on Wednesday as Western forces discussed possible military action against Syria, although strong results from Tesco pushed its shares higher. ...
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market ...
WILMINGTON, Del.--(BUSINESSWIRE)-- The new IHG ® Rewards Club Premier Card Offers 10X at IHG hotels, 2X on purchases at gas stations, grocery stores and restaurants, and an 80,000-point new cardmember ...
Chase Card Services, the leading co-brand credit card issuer in the U.S., and IHG® , today announced the newest additions to their credit card portfolio, the IHG® Rewards Club Premier Card and the IHG® Rewards Club Traveler Card.
The Zacks Analyst Blog Highlights: Fiat, Nomad Foods, Prudential, InterContinental and RELX
IHG, which operates the Crowne Plaza and Holiday Inn brands as well, said it would have the right to buy the remaining stake in a phased manner from 2026. IHG has missed out on customers willing to pay more for greater exclusivity and intends to grow the Regent brand to over 40 hotels from six in global gateway city and resort locations over the long term. A top IHG executive said in February the group was looking to buy one or two small luxury brands that do not have many physical hotels, as it did when it bought Kimpton Hotels for $430 million in 2014.
InterContinental Hotels Group (IHG.L)(IHG) is close to announcing acquisition of a luxury brand to complement its existing portfolio, its chief executive said on Monday. The group, which operates the Crowne Plaza and Holiday Inn brands among others, said last month that it was looking to buy one or two small luxury brands and launch a new franchised upmarket brand. "We are making really good progress, we hope to have more news in a short period of time," Keith Barr told Reuters on the sidelines of the IHIF hotels conference in Berlin.
InterContinental Hotels Group (IHG) is close to announcing acquisition of a luxury brand to complement its existing portfolio, its chief executive said on Monday. The group, which operates the Crowne Plaza and Holiday Inn brands among others, said last month that it was looking to buy one or two small luxury brands and launch a new franchised upmarket brand. "We are making really good progress, we hope to have more news in a short period of time," Keith Barr told Reuters on the sidelines of the IHIF hotels conference in Berlin.
Shares in AccorHotels fell on Wednesday as some analysts expressed disappointment over the terms of the 4.4 billion euros (£3.9 billion) sale of 55 percent of the company's AccorInvest property business. Accor announced late on Tuesday the plans to sell the majority holding to investors including Saudia Arabia's PIF and Singapore's GIC sovereign funds, as well as Credit Agricole Assurances, Colony NorthStar and Amundi. Analysts at Berenberg said some investors might have felt a bit letdown by the price, although any such disappointment on that front would be offset by Accor's plans for a share buyback.
AccorHotels' long-delayed sale of a stake in its property business is in its final stages, Europe's largest hotel company said on Wednesday, after reporting record 2017 earnings. The French group, with more than 4,000 hotels ranging from luxury Sofitels to the budget Ibis brand, also expressed confidence over prospects for this year and over potential returns to investors once the property deal is sealed. AccorHotels has said the stake sale, now delayed by more than six months, will give it greater financial leeway to accelerate growth and fight the rising challenges from companies such as Airbnb and online travel agents.
AccorHotels (ACCP.PA), Europe's largest hotel company, reported record earnings for 2017 and said on Wednesday plans to sell a stake in its property business were in their final stages. AccorHotels, which has more than 4,000 hotels ranging from the budget Ibis to the luxury Sofitel brand, expressed confidence over its prospects for this year. "The dividend has been maintained at the same level as last year and we suspect this reflects the delay of the Booster project," wrote analysts at brokerage Berenberg, which kept a "sell" rating on Accor shares.