Intercontinental Hotels : Set to benefit from positive outlook for hotels in 2023, with China reopening
>2022 earnings in line, fresh shareholder returns - IHG’s 2022 results, reported yesterday before trading, were broadly in line with expectations, with RevPAR growth of 37% y-o-y, or -3.3% vs 2019. The group announced an ordinary dividend 8% ahead of expectations and a new share buyback plan of $ 750m (6.5% of its market cap). 2023 to be another good year for hotels and IHG, particularly with China recovery - IHG is confident on the outlook for 2023, ...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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