Intercontinental Hotels : An encouraging outlook after Q3 2021 slightly better than expected
>Q3 slightly better and an encouraging outlook - IHG published on Friday before opening its Q3 2021 trading update with RevPAR down -21% vs Q3 2019 (+66% vs Q3 2020), very slightly better than expected (consensus -22.4%, ODDO BHF -23.3% est.) and suggesting another sequential improvement after -37% in Q2 and -52% in Q1. This improvement is driven by prices which have almost reached the pre-crisis level (-1.2% vs Q3 2019) and occupancy rates that are also close to the...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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