Intercontinental Hotels : Low point to come in Q2, with no visibility on the recovery, which will be very slow
>Q1 in line with the pre-publication, sharp fall in RevPAR in March - IHG reported yesterday before the market open a Q1 2020 trading update in line with the pre-publication of end-April. RevPAR was down 25% in Q1, including a sharp drop to -55% in March due to travel restrictions and lockdown in most countries. By region, RevPAR in the Americas fell by 19.3%, including a 19.6% drop in the US, of which 49% in March. However, IHG notes that its greater exposure to subu...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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