Report
Dan Wasiolek
EUR 100.00 For Business Accounts Only

Its Chinese unit and Avid's brand strength enhance InterContinental's intangible asset advantage.

InterContinental’s first-quarter sales update showcased strong development of its brand the source of its narrow-moat rating and a revPAR rise that is benefiting from the continued travel spend. We plan to lift our $46 fair value estimate by $1 per share to account for stronger demand through 2019.
The company’s brand strength was displayed with its room pipeline reaching 252,000 (up 10%), representing a mid-teens share of industry global units under development (three times its existing share)....
Underlying
InterContinental Hotels ADR

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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