Intercontinental Hotels : A solid publication, confident tone but no salvation for the share price
>A solid Q3 2023 publication but a stock market sanction - On Friday before market open, IHG published a Q3 2023 trading update that beat expectations, with RevPAR growth of 10.5% y-o-y (+12.8% vs Q3 2019), underpinned by the increase in prices (+4.1% y-o-y, +14.8% vs 2019) and occupancy rates (+4.1 pts y-o-y, -1.3 pts vs 2019). The network grew 4.7% in Q3 (+2.9% restated for the ongoing integration of the Iberostar chain). That said, the share was penalised (-3.5% at...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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