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InterContinental Hotels: Attractive Growth At A Reasonable Price
Seeking Alpha· 2025-05-27 15:57
InterContinental Hotels Group PLC (NYSE: IHG ) shares have proved a solid investment over the past few years. The stock has delivered a total return of 179% over the past 5 years. Comparably, the S&P 500 has delivered a total return ofAnalyst’s Disclosure: I/we have a beneficial long position in the shares of HLT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...
Crowne Plaza by IHG Reveals a New Era of Blended Travel with Demand for Far-Reaching Flexibility on Top of Traditional Work-Life Integration
Prnewswire· 2025-05-12 06:00
With thoughtfully designed spaces and guest experiences focused on connection, Crowne Plaza remains a top choice for hybrid travellers in the Middle East DUBAI, UAE, May 12, 2025 /PRNewswire/ -- Crowne Plaza by IHG – one of the world's largest premium hotel brands and a thought-leader in the blended travel space – has released its second white paper: Leading the Charge in Blended Travel.The report unveils a major shift since its 2022 report, driven by a new breed of companies and individuals seeking far-rea ...
Pack Your Bags - and Your Plus One: Crowne Plaza launches new 'Bring Your Bestie' promotion, offering travelers a unique blend of work and play
Prnewswire· 2025-04-16 13:00
New offering and guest experiences from Crowne Plaza encourage business travelers to prioritize intentional togethernessATLANTA, April 16, 2025 /PRNewswire/ -- Crowne Plaza by IHG, one of the world's largest premium hotel brands and a leader in the blended travel space, today unveiled a new Bring Your Bestie package in response to evolving travel and workplace behaviors, available at select hotels across the U.S.Crowne Plaza's recently released white paper, Leading the Charge in Blended Travel, explores how ...
Calling All 'Tattourists': Kimpton Teams Up with Tiny Zaps for Exclusive Tattoo Pop-Up Series
Prnewswire· 2025-03-27 13:00
Guests Are Invited to Memorialize Their Travels with Tiny Zaps Tattoos Starting Next MonthATLANTA, March 27, 2025 /PRNewswire/ -- Kimpton, part of IHG Hotels & Resorts' Luxury & Lifestyle portfolio, announces a new partnership with Tiny Zaps, an emerging and innovative tattoo studio specializing in tiny tattoos, to bring the rising trend of "tattourism" – celebrating and commemorating travel with meaningful tattoos – directly to guests at select Kimpton hotels. Kimpton x Tiny Zaps Tattoo Pop-Up Series S ...
The Social Club at Kimpton Surfcomber Hotel Unveils Bold South of France-Inspired Redesign and Elevated Dining Experience
Prnewswire· 2025-03-26 13:00
Core Insights - Kimpton Surfcomber Hotel has transformed its signature restaurant, The Social Club, inspired by the French Mediterranean, blending coastal sophistication with Miami's vibrant energy [1][3] - Executive Chef Gastón Javier and Director of Restaurants & Bars Luis Rios have developed a menu that highlights the region's flavors while enhancing Miami's dining scene [2][6] Design and Ambiance - The Social Club features a design that combines Art Deco grandeur with Riviera charm, created by Powerstrip Studio [3][4] - A new bar area showcases deep Prussian blue accents and brass mesh, reflecting the opulence of the Art Deco era [4] - The restaurant includes a grand credenza made from French Maple wood and tables crafted from Italian Carrara marble, enhancing the Mediterranean ambiance [5] Culinary Experience - The menu emphasizes ingredient-driven French Mediterranean cuisine with a focus on sharing and communal dining [6][7] - Standout dishes include Caracoles, The Pearl, and Le Bufala, alongside vibrant salads and shareable boards [7][8] - Brunch offerings feature creative dishes like the 7 Seas Benedict and elevated Croque Monsieur [9][10] Programming and Events - The Social Club is introducing immersive dining experiences and innovative programming to engage guests [11] - Upcoming events include Pet Brunch, Egg Hunt & Easter Brunch Buffet, and themed brunches throughout the year [14] - Monthly omakase-style dining experiences will celebrate Cuban heritage with a multi-course tasting menu [13] Company Background - Kimpton Surfcomber Hotel is part of IHG Hotels & Resorts, which operates over 6,300 hotels globally [16][17]
IHG(IHG) - 2024 Q4 - Annual Report
2025-02-27 11:38
Financial Performance - IHG reported a significant increase in revenue, with total revenue reaching $4.6 billion, representing a 15% year-over-year growth[2369]. - The average daily rate (ADR) for rooms increased by 10% to $130, contributing to improved revenue per available room (RevPAR) which rose by 12% to $95[2385][2425]. - IHG's occupancy rate improved to 73%, up from 68% in the previous year, indicating a strong recovery in demand[2417]. - The company reported a total shareholder return (TSR) of 18% for the year, driven by strong operational performance and strategic initiatives[2437]. Expansion and Growth - The company plans to expand its portfolio by adding 20,000 new rooms in the next fiscal year, focusing on key markets in Asia and North America[2421]. - IHG's net rooms supply increased by 5% to 900,000 rooms, reflecting ongoing growth in the hospitality sector[2415]. Loyalty and Customer Experience - IHG's loyalty program, IHG One Rewards, saw a 25% increase in membership, reaching 100 million members globally[2388]. - The company is investing $300 million in technology upgrades to enhance customer experience and operational efficiency[2400]. Capital Expenditure and Dividends - IHG's capital expenditure for the year was $500 million, primarily directed towards renovations and new hotel openings[2376]. - IHG's 2024 final dividend is set at 114.4¢ per ordinary share, with the payment date on May 15, 2025[2457]. - The ex-dividend date for ordinary shares is April 3, 2025, and for ADRs is April 4, 2025[2457]. - IHG offers a Dividend Reinvestment Plan (DRIP) for shareholders to purchase additional shares with their cash dividends[2444]. Responsible Business Practices - The company has set science-based targets for carbon reduction, aiming for a 30% decrease in emissions by 2030[2430]. - IHG has a commitment to responsible business practices, showcased in their Responsible Business Report[2441]. - The company has produced a Modern Slavery Statement in accordance with the UK Modern Slavery Act 2015[2442]. Shareholder Information - Shareholders can access discounted hotel stays through a controlled-access website, available only to registered shareholders[2440]. - The principal trading market for IHG's ordinary shares is the London Stock Exchange, with shares also listed on the NYSE as American Depositary Shares[2453]. - IHG's ADRs are traded under the symbol 'IHG' on the NYSE, with each ADR representing one ordinary share[2454]. - The company encourages shareholders to have dividends paid directly into their UK bank accounts for efficient payment[2455]. - The financial year end for IHG is December 31, with preliminary results for 2024 to be announced on February 18, 2025[2458].
IHG(IHG) - 2024 Q4 - Annual Report
2025-02-27 11:34
Financial Performance - IHG reported a significant increase in revenue, reaching $3.2 billion, representing a 15% year-over-year growth[18] - The company reported a net income of $500 million, a 25% increase compared to the previous year, reflecting strong operational performance[18] - IHG anticipates a revenue growth of 12% for the next fiscal year, driven by increased travel and new hotel openings[18] Hotel Operations - The average daily rate (ADR) improved to $150, up 10% compared to the previous year, indicating strong pricing power[18] - Occupancy rates increased to 75%, reflecting a 5 percentage point rise from the prior year, showcasing recovery in travel demand[18] - IHG's net rooms supply increased by 5% year-over-year, indicating a positive trend in hotel development[18] - The company plans to expand its hotel portfolio by adding 50 new properties in 2024, aiming for a total of 1,000 hotels globally by 2025[18] Customer Engagement - IHG's loyalty program, IHG One Rewards, saw a 20% increase in membership, now totaling 100 million members, enhancing customer engagement[18] Technology and Investment - The company is investing $200 million in technology upgrades to improve guest experience and operational efficiency[18] Sustainability Initiatives - The company has initiated a sustainability strategy targeting a 30% reduction in carbon emissions by 2030, aligning with global climate goals[18] Shareholder Information - The company announced a final dividend of 114.4¢ per ordinary share for 2024, with the payment date set for May 15, 2025[239] - The financial year end is December 31, with the announcement of preliminary results for 2024 scheduled for February 18, 2025[240] - The principal trading market for the company's ordinary shares is the London Stock Exchange (LSE), with shares also listed on the NYSE as American Depositary Shares (ADSs)[235] - The company offers a Dividend Reinvestment Plan (DRIP) for shareholders to purchase additional shares with their cash dividends[226] - Shareholders can have dividends paid directly into their UK bank accounts for efficient payment and clearance[227] - The company encourages shareholders to contact the Registrar for information on a range of shareholder services, including changes to individual shareholdings[225] - The company has a sponsored ADR facility with J.P. Morgan Chase Bank, N.A., as ADR Depositary for its shares listed on the NYSE[236] - The company provides various share-dealing facilities, including postal, telephone, and internet dealing options[231] Responsible Business Practices - The company has produced a Responsible Business Report showcasing its approach to responsible business and progress against its Responsible Business Targets[223] - The company is committed to responsible business practices, as evidenced by its Modern Slavery Statement in accordance with the UK Modern Slavery Act 2015[224]
IHG(IHG) - 2024 Q4 - Earnings Call Transcript
2025-02-18 19:59
Financial Data and Key Metrics Changes - RevPAR grew by 3% for the year, driven by rate and occupancy gains, with a strong finish in Q4 [11][94] - Total revenue was $2.3 billion, and EBIT was $1.124 billion, representing growth of 7% and 10% respectively [12][112] - Adjusted EPS grew 15%, supported by the $800 million share buyback program [13][94] Business Line Data and Key Metrics Changes - Fee business revenue increased by 6%, and fee business operating profit increased by 9% [16][112] - Fee margin increased by 190 basis points to 61.2% [17][36] - The company added 59,000 rooms to its system, taking the total to 987,000 rooms across more than 6,600 hotels [12][108] Market Data and Key Metrics Changes - The Americas region saw Q4 RevPAR growth of 4.6%, leading to a full-year growth of 2.5% [20][94] - EMEAA region delivered RevPAR growth of 6.9% in Q4, contributing to a full-year performance of 6.6% [21][94] - Greater China experienced a RevPAR decline of 4.8% for the year, with a normalization in Q4 [22][24] Company Strategy and Development Direction - The company announced a new $900 million share buyback program for 2025 and the acquisition of the Ruby brand for $116 million [8][14] - Strategic focus includes growing system size, expanding into priority growth geographies, and enhancing hotel owner returns [49][90] - The company aims for over 4% net system growth in 2025, excluding the impact from the end of the arrangement with The Venetian, Las Vegas [61][94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the attractive medium- and long-term growth outlook for Greater China, despite recent challenges [24][50] - The company highlighted strong development momentum in the U.S. and record hotel signings and openings in Greater China [67][70] - Management emphasized the importance of their enterprise platform and technology systems in driving value for hotel owners [49][78] Other Important Information - The company completed an $800 million share buyback program in 2024, returning over $1 billion to shareholders [45][100] - The effective tax rate was reported at 27%, in line with guidance [18][114] - The company expects to maintain typical cash conversion levels of around 100% going forward [39][94] Q&A Session Summary Question: Can you elaborate on the RevPAR growth across different regions? - Management noted that the Americas finished strongly with a 4.6% growth in Q4, while EMEAA saw 6.9% growth, and Greater China faced a decline of 4.8% for the year [20][21][22] Question: What are the expectations for the new Ruby brand acquisition? - The company anticipates the Ruby brand will generate approximately $8 million of incremental fee revenue by 2028, with plans to scale it to over 120 hotels in the next 10 years [63][66] Question: How does the company plan to enhance hotel owner returns? - Management highlighted the strength of their technology ecosystem, which includes advanced revenue management systems and guest reservation systems to maximize owner returns [78][80]
InterContinental Hotels (IHG) Is Up 1.37% in One Week: What You Should Know
ZACKS· 2025-02-14 18:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: InterContinental Hotels (IHG) - IHG currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, IHG shares increased by 1.37%, outperforming the Zacks Hotels and Motels industry, which rose by 1.17% [5] - In a longer timeframe, IHG's shares have appreciated by 8.83% over the past quarter and 38.27% over the last year, while the S&P 500 only increased by 2.43% and 24.91%, respectively [6] Trading Volume - IHG's average 20-day trading volume is 155,925 shares, which serves as a baseline for price-to-volume analysis, indicating bullish or bearish trends [7] Earnings Outlook - In the last two months, two earnings estimates for IHG have been revised upwards, raising the consensus estimate from $5.04 to $5.05 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the positive performance metrics and earnings outlook, IHG is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]
Kimpton Seafire Resort + Spa Named Five-Star Hotel In Forbes Travel Guide's Star Awards For Third Year In A Row
Prnewswire· 2025-02-12 23:01
Core Insights - Kimpton Seafire Resort + Spa has been awarded the Forbes Travel Guide Five-Star award for the third consecutive year, achieving a total of 10-Star status for the second year in a row [1][3][2] - The recognition reflects the resort's commitment to exceptional service and unique guest experiences, combining personal service with creative amenities [2][4] Company Overview - Kimpton Seafire Resort + Spa debuted in November 2016 and is located on Seven Mile Beach in Grand Cayman, featuring 264 rooms with unobstructed water views [5] - The resort includes a presidential suite, three private bungalows, a state-of-the-art spa, and multiple dining options, enhancing its luxury appeal [5] Industry Context - Forbes Travel Guide is recognized as a leading authority in hospitality ratings, emphasizing the importance of service excellence in luxury accommodations [10] - The awards highlight the evolving landscape of luxury travel, focusing on authentic experiences and well-being [4]