Report
Dan Wasiolek
EUR 100.00 For Business Accounts Only

InterContinental's intangible asset advantage is supported by Avid and China region growth.

InterContinental posted solid first-half 2018 results with in-line results in its Americas region (72% of operating profit) and slightly stronger figures in its international segments (28%). Accordingly, we plan to lift our $57 fair value estimate by $1-$2, leaving shares slightly overvalued.
The Americas region reported first-half revenue per available room, or revPAR, and unit growth of 3.2% and 2.3%, respectively, generally in line with our 3% and 2.1% estimates for 2018. Within the region, U...
Underlying
InterContinental Hotels Group PLC

InterContinental Hotels Group is a hotel companies. Co.'s hotel brands are InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hualuxe Hotels & Resorts, Hotel Indigo, EVEN Hotels, Crowne Plaza Hotels & Resorts, Holiday Inn, Holiday Inn Express, Staybridge Suites, Holiday Inn Club Vacations, Holiday Inn Resorts, Candlewood Suites, and Avid Hotels. As of Mar 2 2017, Co.'s had total hotels of 5,348 with 4,433 franchised, 907 managed, eight owned and leased hotels, and 1,655 total hotels in the pipeline.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Wasiolek

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