Intercontinental Hotels : Q3 2024 broadly in line with our expectations, on track to deliver FY 2024 expectations
>Q3 2024 trading update broadly in line with our expectations - IHG has just released its Q3 2024 trading update with RevPAR up 1.5% y-o-y, broadly in line with our expectations (ODDO BHF +1.6%e) and being an unsurprising sequential slowdown after +3.0% in H1 2024, given a tougher comparison base in Q3. This is driven by price, at +1.7% y-o-y whereas the occupancy rate was almost flat (-0.1pts). In detail, Q3 2024 RevPAR by region (y-o-y): 1/ Americas: +1.7% (ODDO BHF...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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