Intercontinental Hotels : A good start to the year even though uncertainty on project financing in the US is weighing on the share price
>Q1 2023 trading update beats expectations on RevPAR - On Friday before market open, IHG published its Q1 2023 trading update, with RevPAR +6.8% vs Q1 2019 (+33% vs Q1 2022), a shade above our forecasts at +5.7% and an sequential improvement after +4.1% in Q4 2022. The performance was driven by prices (+10% vs 2019) whilst the occupancy rate remained a shade below (-2pts vs 2019). IHG indicates a good start to the year, with persistently solid activity in the Americas...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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