LONDON, July 17, 2024 /PRNewswire/ -- IHG Hotels & Resorts, a global leader in hospitality, today announces the launch of its Low Carbon Pioneers programme, which brings together energy efficient hotels that have no fossil fuels combusted on-site* and are backed by renewable energy. This group of low operational carbon hotels is the first community of its kind in the industry and will help IHG test, learn and share findings on sustainability measures. The ambition is to inspire other properties to join the ...

To learn more, visit our webpage here. "This is an important next step in IHG's sustainability journey but it remains one of many we must continue to take. Accelerating change at scale for both IHG and the wider industry also requires broader support from governments ranging from greater access to renewable energy and incentives for owners, to a reduction in the cost of technology that speeds up the industry's transition to a greener, more resilient future. IHG is committed to working with industry bodies a ...

Core Viewpoint - InterContinental Hotels (IHG) is identified as a promising momentum stock, currently holding a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12] Company Performance - IHG shares have increased by 0.77% over the past week, matching the performance of the Zacks Hotels and Motels industry [7] - Over the past month, IHG's stock price has risen by 6.52%, outperforming the industry's 2.2% [7] - In the last quarter, IHG shares have gained 5.47%, and over the past year, they have surged by 52.2%, compared to the S&P 500's increases of 4.8% and 26.94%, respectively [8] Trading Volume - IHG's average 20-day trading volume is 149,069 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, three earnings estimates for IHG have been revised upwards, increasing the consensus estimate from $4.23 to $4.29 [11] - For the next fiscal year, three estimates have also moved higher, with no downward revisions during the same period [11]

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has InterContinental Hotels (IHG) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. InterContinental Hotels is a member of the Consumer Discretionary sector. This group includes 283 individual stocks and currently holds a Zacks Sector Rank of #9 ...

Core Insights - IHG Hotels & Resorts is significantly expanding its luxury and lifestyle portfolio in Mexico, Latin America, and the Caribbean, with plans to more than double its presence in the region in the coming years [1][8] - The company has opened five properties in 2024 and has 32 more in the pipeline, indicating a strong strategic focus and investment in this segment [1][8] Group 1: Six Senses - Six Senses made its debut in the region with the opening of Six Senses La Sagesse in Grenada, offering wellness and sustainability experiences [2] - The resort features unique experiences that connect guests with local heritage, including farm-to-table cooking and spa treatments utilizing local spices [2] - Future openings include Six Senses Grand Bahama and Six Senses Xala, expected by 2026 [2] Group 2: InterContinental Hotels & Resorts - InterContinental Hotels & Resorts has the largest presence in the luxury and lifestyle portfolio in MLAC, with 20 open properties [3] - The brand will open the 293-room InterContinental Presidente Monterrey in Mexico in the second half of 2024, featuring various amenities for leisure and business travelers [3] - The InterContinental Grenada Resort is projected to open in 2025 [3] Group 3: Kimpton Hotels & Restaurants - Kimpton Hotels & Restaurants continues to grow in MLAC, with recent openings including Kimpton Grand Roatán Resort & Spa and Kimpton Virgilio in Mexico City [4] - Upcoming openings include Kimpton Las Mercedes in the Dominican Republic and Kimpton Tres Ríos Riviera Maya, the brand's first all-inclusive beachfront resort [4] Group 4: Vignette Collection - Vignette Collection, IHG's newest luxury brand, will open El Gran Encomendero in Valladolid, Mexico, in 2025, marking its first signing in the Americas [5] Group 5: Hotel Indigo - Hotel Indigo opened Hotel Indigo Grand Cayman, featuring 282 water view guest rooms and various dining options [6] - The brand also opened Hotel Indigo La Paz Puerta Cortés in January and plans to open Hotel Indigo Tijuana later this year [6] Group 6: Strategic Signings - IHG announced three milestone signings in Turks & Caicos for InterContinental, Kimpton, and Hotel Indigo, all set to open by 2027 [7] Group 7: Overall Growth - IHG's luxury and lifestyle portfolio has transformed into one of the largest in the hospitality industry, with over 850 open and pipeline hotels globally [8]

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has InterContinental Hotels (IHG) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. InterContinental Hotels is one of 285 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 in the Z ...

"Our IHG luxury and lifestyle hotels are known for their inspired and experiential programming that brings people together," said Kathleen Reidenbach, Senior Vice President, Marketing & Commercial, Luxury & Lifestyle Americas at IHG Hotels & Resorts. "This summer, we are embracing the vibe and essence of the season to bring our vision of a summer oasis to life in our lobbies and beyond, inviting travelers to immerse in the unforgettable feelings of the season." Summer Soiree Pop-Ups In partnership with Barc ...

Financial Data and Key Metrics Changes - Global RevPAR increased by 2.6% year-on-year, driven by a 2.3% increase in ADR and a 0.2 percentage point increase in occupancy [4][43] - Business revenue remained flat due to the timing of Easter, which affected business travel [5] - Gross system growth was 0.7% year-to-date, with net system growth at 3.4% year-on-year [43] Performance by Business Line - Leisure demand remained strong, with global rooms revenue for comparable hotels up 7% year-on-year, while group performance improved with revenue up 5% [9] - The company opened over 6,200 rooms across 46 hotels in the quarter, leading to 5% gross growth year-on-year and 3.4% net growth [10] Market Data and Key Metrics Changes - In the Americas, RevPAR decreased by 0.3% year-on-year, with the U.S. down 1.9%, while Canada, Latin America, and the Caribbean saw an increase of 11.3% [19] - EMEAA region experienced an impressive RevPAR increase of 8.9% year-on-year, with Japan up 17% and Australia up 10% [26] - Greater China saw a 2.5% increase in RevPAR, driven by a 0.7 percentage point improvement in occupancy [29] Company Strategy and Development Direction - The company is focused on growing fee revenues through RevPAR expansion, system size growth, and ancillary fee streams, which will drive margin improvements [45] - A significant conversion deal with NOVUM Hospitality will double IHG's presence in Germany, adding up to 119 hotels or 17,700 rooms [13][15] - Changes to System Fund arrangements are expected to incrementally add $25 million to IHG's revenue and operating profit in 2024, doubling in 2025 [17][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook for system growth, particularly with the recent NOVUM deal and strong demand in various markets [13][15] - Booking trends indicate a return to positive RevPAR for the second quarter, despite some adverse impacts in the first quarter [22] - The company anticipates continued growth in Greater China, supported by an increase in international travelers [30][114] Other Important Information - The company is currently 30% through an $800 million share buyback program, reducing the share count by 1.4% [32] - The System Fund revenues in 2023 totaled nearly $1.6 billion, reflecting a 27% increase over five years [39] Q&A Session Summary Question: Can you explain the System Fund changes and their implications? - Management clarified that the System Fund has grown significantly, allowing for fee reductions without compromising marketing effectiveness. The changes are designed to benefit both IHG and its owners [50][52][88] Question: What is the cash impact of the System Fund changes? - The changes are expected to be cash accretive, contributing positively to operating cash and EBITDA margins [101] Question: How is the U.S. RevPAR performance compared to the Americas? - Management noted that while U.S. RevPAR was weaker, other regions like Latin America and Canada performed well, reflecting the benefits of regional diversification [82][84] Question: What are the current conditions for bank financing in the U.S.? - The financing environment is improving, with stable interest rates contributing to better visibility for construction costs and financing [125] Question: Are there plans to accelerate growth in Las Vegas? - While there are no specific announcements, management indicated ongoing efforts to grow distribution in key markets, including Las Vegas [129]

First hospitality company to go live with AirPlay, available at more than 60 locations NEW YORK, April 18, 2024 /PRNewswire/ -- Today, global hospitality leader IHG Hotels & Resorts (IHG) launches AirPlay in the first phase of hotel rooms, giving guests the ability to stream content privately and securely from their iPhone or iPad to the TV in their guest rooms. AirPlay is available at more than 60 hotels in North America, including properties like InterContinental Buckhead Atlanta, Hotel Indigo NYC Downtow ...

LONDON, April 15, 2024 /PRNewswire/ -- IHG Hotels & Resorts (IHG) and NOVUM Hospitality announce a long-term agreement that will double IHG's presence in Germany to more than 200 hotels in almost 100 cities through an exciting Holiday Inn – the niu brand collaboration and European debuts for IHG's Garner and Candlewood Suites brands.The agreement with NOVUM Hospitality, one of Germany's largest private hotel operators, owned by David Etmenan, will make IHG one of the leading players in midscale and upper mi ...