This Global Hotel Stock Is Back on Track and Growing Like Gangbusters

Core Viewpoint - InterContinental Hotels Group has successfully navigated the challenges posed by the COVID-19 pandemic and has returned to a growth trajectory, achieving record revenues and profits in recent years [2][6]. Financial Performance - In 2020, InterContinental's revenue was halved compared to 2019 due to pandemic-related restrictions, leading to significant losses of $260 million [4][5]. - By 2021, as travel restrictions eased, revenue began to recover, but profitability was not fully restored until late in the year [5]. - In 2022, the company reported record revenue of $4.92 billion and a profit of $628 million, equating to $3.90 per share [6]. - The first half of 2025 has shown even stronger performance, with earnings reaching a record of $469 million, or $3 per share [6]. Industry Context - The travel and entertainment industry faced severe disruptions during the pandemic, but demand for travel-related services surged during the post-pandemic recovery, benefiting companies like InterContinental [7].