- Revenue per Available Room (RevPAR) increased by 3% in the first half of 2024.
- Pretax profit was $472 million, down 17% year-on-year, but above the estimated $454.8 million.
- Americas revenue was $561 million, up 4.5% year-on-year, slightly below the estimated $562.6 million.
- Europe, Middle East, Asia, and Africa (EMEAA) revenue was $347 million, up 12% year-on-year, and close to the estimate of $347.4 million.
- An interim dividend per share of 53.2 cents was declared, compared to 48.3 cents in the previous year.
- Revenue from reportable segments was $1.11 billion, up 7.5% year-on-year, meeting estimates.
- Operating profit from reportable segments was $535 million, up 12% year-on-year, exceeding the estimate of $515 million.
- Operating profit before exceptional items was $525 million, down 7.2% year-on-year, still above the estimate of $514.8 million.
- Net debt increased by 23% year-on-year to $2.78 billion, higher than the estimated $2.47 billion.
- Second Quarter:
- Total rooms at the end of the period were 954,836, below the estimate of 959,962.
- Americas had 521,530 rooms, slightly above the estimate of 521,169.
- EMEAA had 249,050 rooms, below the estimate of 253,707.
- Greater China had 184,256 rooms, slightly below the estimate of 184,335.
- $800 million share buyback programme for 2024 was 47% completed as of 30 June.
- Analyst ratings include 2 buys, 10 holds, and 9 sells.
A look at InterContinental Hotels Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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
InterContinental Hotels Group PLC, a company that owns and operates a range of hotel businesses globally, is positioned well for long-term growth according to Smartkarma Smart Scores. With high ratings in Growth and Resilience, the company is expected to see solid expansion and maintain strong performance even in challenging market conditions. This suggests a positive outlook for InterContinental Hotels Group in the years ahead, bolstered by its ability to adapt and thrive in the ever-evolving hospitality industry.
While Value scores low for the company, its strong performance in Dividend, Growth, Resilience, and Momentum indicate a promising trajectory for investors. With a focus on innovation and customer service through loyalty programs, InterContinental Hotels Group remains a solid choice for those looking for growth opportunities in the hospitality sector. Overall, the Smartkarma Smart Scores highlight the company’s strengths and potential for long-term success in serving customers worldwide.
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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