|Bid||4,185.00 x 0|
|Ask||4,187.00 x 0|
|Day's range||4,026.00 - 4,207.00|
|52-week range||2,161.00 - 5,770.00|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||18.20|
|Earnings date||11 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||02 Apr 2020|
|1y target est||56.94|
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
(Bloomberg Opinion) -- In Whitstable, a British seaside town just over an hour’s drive from London, every day of the last two weeks has been like a busy summer weekend. Britons may be unable or unwilling to take international flights, but with the first easing of lockdown restrictions, they are more than happy to head to the beach to bask in the sun and eat fish and chips from the only restaurants open for now.Optimism that people everywhere will be eager to wander once travel restrictions end drove a rebound in airline and tour-operator stocks this week. But these hopes may be overdone. Lingering health-safety concerns and uncertainty about which borders will open mean many consumers on both sides of the Atlantic will stick close to home this summer.What’s more, they may favor a remote Airbnb rental instead of staying in a hotel, with the increased chances of running into other people in the lobby, elevator or restaurant. Globally, new bookings at Airbnb Inc. and Expedia Group Inc.’s Vrbo more than doubled from 916,000 in the week of April 5 to 2.08 million in the week of May 18, according to AirDNA, a short-term rental data provider.While the home-sharing site Airbnb has been hit hard by the travel trough, it said domestic bookings rose strongly in China, Korea, the Netherlands and Denmark in April, and they’ve increased significantly in Germany since the beginning of May. More telling, Chief Executive Officer Brian Chesky told the Associated Press that 30% of bookings are currently within a 50-mile radius of people’s own homes — basically the next town over — up from 13% before the novel coronavirus outbreak, a trend he attributes to people’s aversion to flying for now.Areas that tourists can drive to, and classic local vacation spots, such as the mountains, lakes and beaches, are proving resilient.Take Germany, a country known for exporting summer tourists. Short-term rentals in the North Sea coastal district of Nordfriesland, which includes the island of Sylt, enjoyed an almost 800% increase in bookings between March 22 and May 17, according to AirDNA. And it’s unlikely they’re coming from abroad — in general just 16% of visitors are from outside Germany. By contrast, Berlin, a popular destination for foreign visitors, has seen just a 71% increase.It’s a similar picture in the U.S, where rentals near beaches in Alabama, Texas, Georgia and the Carolinas are proving popular. By contrast, cities such as New York and San Francisco are recovering more slowly. In this Covid-19 crisis, home-rental sites tend to have an advantage. For example, the majority of Airbnb hosts are in less populated areas, while most hotel chains have a bigger presence in cities. Some of the lodging giants have also ventured into the holiday rental market. Four years ago, French hotel giant Accor SA acquired Onefinestay, an upmarket competitor to Airbnb. One potential drawback with private rentals during the pandemic is that guests have to trust hosts are cleaning and disinfecting well. Hotel groups including Accor, Marriott International Inc., Hilton Worldwide Holdings Inc. and InterContinental Hotels Group Plc have announced stringent hygiene standards.Airbnb has responded with its own guidelines developed with former U.S. Surgeon General Vivek Murthy, including advice on personal protective equipment and disinfectants. Hosts who sign up can leave their properties empty for just 24 hours between guests. Otherwise, they must respect a 72-hour “booking buffer.”For other people, getting away from home may mean taking their lodging with them. Provisional bookings at caravan and campsites in the U.K. look promising. In the U.S., there’s been a bump in demand for motor homes. Indeed, road trips may be one of the first holidays taken on both sides of the Atlantic.While all this pent-up demand is a good sign, it’s unlikely all the money usually spent on overseas travel will be recouped. Staycations aren’t really conducive to flagrant discretionary spending in normal times, but the coronavirus outbreak and lockdowns has brought job losses and economic hardship as well. That will eat into outlay. For a gauge of comparison, in 2017, the year after Britain voted to leave the European Union, the decline in the pound meant many people avoided international travel, but only 60% of what would have been spent abroad was redirected to the U.K., according to analysts at Bernstein.With this crisis, the effect could be even more extreme if shops have to restrict the number of patrons, local tourist attractions can’t open or people remain nervous about going to restaurants or bars even with all of the necessary social distancing measures in place.Indeed, although Whitstable Holiday Homes, an agency for 39 houses, is enjoying its usual high level of bookings for July and August, further out, customers are waiting. A crucial consideration will be whether the town’s vibrant eateries will be open alongside the fish-and-chip shops.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In this article we will quickly re-cap the broker forecasts for Intercontinental Hotels (LON:IHG). The Intercontinental Hotels share price has risen by 2.72% o...
Image source: The Motley Fool. Intercontinental Hotels Group plc (NYSE: IHG)Q1 2020 Earnings CallMay 7, 2020, 3:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, welcome to the InterContinental Hotels Group's First Quarter Trading Update to the 31st of March, 2020.
These two FTSE 100 (INDEXFTSE:UKX) stocks have been hammered by the coronavirus. Paul Summers thinks it might be time to start buying one of them.The post Time to buy these battered FTSE 100 stocks? appeared first on The Motley Fool UK.
Chief Executive Keith Barr said the coronavirus crisis was the biggest challenge the hotel industry has ever faced and the company said it was cleaning all public areas rigorously every 1-2 hours in a bid to reclaim customer confidence. The Crowne Plaza, Regent and Hualuxe operator is hopeful of a recovery in China, Australia and New Zealand, where the virus is well-contained, as around 95% of its demand is domestically driven. IHG said occupancy levels in Greater China were running in the mid-20% range, up from around 5% in mid-February.
A hotel’s recovery path from the coronavirus downturn in travel will hedge partially on which country the property is located. Many hotels around the world are temporarily closed due to travel restrictions and shelter-in-place orders aimed at halting the spread of coronavirus. But countries like China are beginning to relax restrictions, and travel demand is […]
The hotel industry plans to return from coronavirus shutdowns with heightened cleaning practices and lower capacity levels in public spaces. But it isn’t quite clear if guests will readily accept hospitality’s new normal. The American Hotel & Lodging Association launched late last month "Stay Safe," a new cleaning and workplace protocol for the hotel industry […]
IHG, which announced a $150 million in cost cuts last month, said it now had $2 billion in liquidity as it also amended its credit facility to include a waiver of existing covenants until Dec. 31, 2021. Travel and leisure businesses have been among the worst hit by the coronavirus outbreak, with hundred of billions of dollars in business trips and holidays cancelled as countries impose sweeping restrictions.
Yahoo Finance speaks with Hilton CEO Christopher Nassetta about the road ahead for the hotel giant post coronavirus.
InterContinental Hotels Group PLC (LON:IHG), which is in the hospitality business, and is based in United Kingdom, led...
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
As most of Britain headed indoors to wait out the coronavirus, rough sleeper Mohamed Sisi stayed on a patch of pavement opposite London's Charing Cross rail station with nowhere else to go. Police had told him to move to a homeless shelter during the nationwide lockdown but when he went he found it closed, the 29-year-old told Reuters. Homeless charities say hundreds are stuck in similar situations in the capital, at a time when homeless shelters are struggling with shortages of staff and supplies.
Potential InterContinental Hotels Group PLC (LON:IHG) shareholders may wish to note that the Non-Executive Chairman of...
Marriott (MAR) CEO Arne Sorenson has announced that he will not be taking a salary for the rest of the year, responding to the fallout from the coronavirus.
Bookings at its hotels in China collapsed by 90% in January and February, as the Covid-19 pandemic continues to devastate tourism and hospitality.
“At the end of the day, the most important thing is how good are you at risk control.” So said legendary stock trader Paul Tudor Jones. Investors would do well8230;
To the annoyance of some shareholders, InterContinental Hotels Group (LON:IHG) shares are down a considerable 31% in...
UPDATE: Hilton has pointed Skift towards a much more generous cancellation policy, than the one it originally gave us. The company is allowing those with existing bookings to cancel or amend free of charge, 24-hours before arrival, up until the end of April. The same is true for new bookings for any future arrival date. […]
In 2009, Morgan Stanley strategy analyst, Graham Secker, used the Z-score to rank a basket of European companies. He found that the companies with weaker balan8230;
Hong Kong hotels these days are feeling forsaken not just by guests but government, which excluded them from a $4 billion (HK$30 billion) coronavirus relief package announced last week. Comparisons with Singapore add salt to the wound, with the Lion City seen as more empathetic towards hotels’ plight and more forward thinking. The Federation of […]
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
InterContinental Hotels Group CEO Keith Barr has tried to play down the impact of the coronavirus outbreak, adopting a wait-and-see approach to how it might affect the business. Although China is a big focus area for IHG, it is still a relatively small part of the current revenue mix. Barr said that while the country […]