- InterContinental Hotels Group reported a total of 968,112 rooms at the end of the third quarter, surpassing the estimate of 965,393 rooms.
- In the Americas, the company had 522,801 rooms, slightly below the estimate of 522,850 rooms.
- The EMEAA (Europe, Middle East, Asia, and Africa) region recorded 256,948 rooms, significantly higher than the estimated 251,604 rooms.
- Greater China had 188,363 rooms, exceeding the forecast of 187,370 rooms.
- The EMEAA region saw strong performance with a growth of 4.9%, while the Americas experienced a growth of 1.7%, driven largely by sustained expansion in the U.S. market.
- InterContinental Hotels opened 17,500 rooms across 98 hotels this quarter, more than double compared to the same period last year. This increase included 6,200 rooms from the NOVUM Hospitality agreement.
- Analysts’ recommendations include 3 buys, 8 holds, and 9 sells for InterContinental Hotels Group.
A look at InterContinental Hotels Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| 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‘s long-term outlook is positive, as indicated by the Smartkarma Smart Scores. With high scores in growth, resilience, and momentum, the company is positioned well for future success. Their strong growth potential, along with their ability to weather economic downturns, and positive market momentum all bode well for their future prospects.
Despite receiving a low score in value, InterContinental Hotels Group‘s strong performance in dividends, growth, resilience, and momentum paint a promising picture for investors. As a company that owns and operates a diverse portfolio of hotel businesses, with a focus on customer loyalty programs, InterContinental Hotels Group is well-positioned to continue serving customers worldwide and generating value for shareholders.
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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