Report
Fehmi Ben Naamane ...
  • Johanna Jourdain

Intercontinental Hotels : Q3 a shade above our forecasts but the acceleration in the expansion of the network slower than anticipated

>Q3 trading update a shade above our forecasts, buoyed by the US - On Friday before the market open, IHG published a Q3 2022 trading update that came in a shade above our forecasts, with RevPAR at +2.7% vs Q3 19 (ODDO BHF +1.2%, +28% vs Q3 21), i.e. a sequential improvement after -4.5% in Q2 and -17.7% in Q1 22. This was driven by prices, at +11% vs 2019 whilst occupancy rates remain below (-6 pts). By zone, in Q3 22 (vs Q3 19), RevPAR in the Americas was up 6.8% (ODD...
Underlying
InterContinental Hotels Group PLC

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

Johanna Jourdain

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