Intercontinental Hotels : Weak growth in RevPAR in Q1 2019, partly affected by a relatively demanding base of comparison
>Q1 2019 RevPAR falls significantly short of expectations - IHG reported a slight increase of 0.3% in RevPAR in Q1 2019, well below the consensus forecast of +1.7% (ODDO BHF +1.6%), suggesting a strong slowdown relative to the +2.5% recorded in 2018 (with +1.9% in Q4). Q1 RevPAR was supported by a price increase of +0.6% while occupancy rates slipped by -0.2 points.By region, RevPAR in the Americas (around 75% of EBIT by our estimates) rose by +0.8% (vs consensus...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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