• InterContinental Hotels has met the estimated number of rooms for 1Q in the Americas with 519,766 rooms against an estimated 520,666.
• In the EMEAA, the actual number of rooms was 246,895, slightly below the estimated 249,534.
• The number of rooms in Greater China came out to 179,721, short of the estimated 180,995.
• There was a global RevPAR growth in the first quarter of 2024 by +2.6%, showing the effect of the hotel chain’s globally diverse footprint.
• The number of rooms in the Americas remained flat due to certain calendar timing issues despite having recovered strongly.
• Greater China displayed a growth of +2.5%, which is expected to benefit from the return of international inbound travel this year.
• Global occupancy experienced an increase, moving up to 62%.
• The average daily rate has further increased by +2% due to robust pricing which reflects the complete return of leisure, business, and group travel.
• The company received 2 buy, 10 hold, and 9 sell recommendations.
A look at InterContinental Hotels Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts reviewing the Smartkarma Smart Scores for InterContinental Hotels Group foresee a promising future ahead. The company shines in areas such as growth and resilience, scoring the highest marks in those categories. This indicates a bright outlook for expansion and the ability to weather economic challenges. With a solid momentum score as well, InterContinental Hotels Group seems to have the drive to propel itself forward in the market.
InterContinental Hotels Group PLC, a company known for owning and operating a variety of hotel businesses, seems well-positioned to attract investors seeking growth potential and stability. Offering hotel loyalty and rewards programs globally, the company caters to a wide range of customers. Overall, with strong scores in growth, resilience, and momentum, InterContinental Hotels Group appears to be a solid choice for those looking for a promising long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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