Report
Fehmi Ben Naamane ...
  • Johanna Jourdain

Intercontinental Hotels : Recovery in activity in 2021/2022e already largely priced in

>Visibility still limited in the short term, 2021 will be a year of transition for growth of the hotel fleet - IHG did not give any guidance for RevPAR in 2021 but said that its EBIT sensitivity was still valid (+/- $ 15m for +/-1 point of RevPAR vs 2019). Moreover, IHG pointed out that 2021 would be a year of transition for growth in its hotel system (ODDO BHF 2.8%e), which has been affected by a fall in hotels under construction in 2020-2021, before a return to a no...
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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