reports
- Dan Wasiolek
Morningstar | InterContinental's Brand Advantage Intact Despite Slower...
We expect InterContinental Hotels Group to expand room share in the hotel industry in the next decade, driven by a favorable next-generation traveler position supported by renovated and newer brands, as well as its industry-leading loyalty program. The company currently has a mid-single-digit percentage share of global hotel rooms and midteens share of all industry pipeline rooms. We see its room growth averaging near mid-single-digit rates over the next decade, above the long-term U.S. supply g...
- Dan Wasiolek
InterContinental's Brand Advantage Intact Despite Slower U.S. RevPAR
We don't expect a material change to our $59 fair value estimate after InterContinental Hotels Group reported a mixed third-quarter sales update with weak 1% revPAR growth and strong 5.1% room expansion, leaving shares slightly undervalued. We have some concern with InterContinental's 0% revPAR growth in the Americas segment (73% of total rooms), even though it lapped tough year-ago comparisons related to hurricane benefit and despite the company remaining constructive on industry fundamentals c...
- Dan Wasiolek
Morningstar | InterContinental's Brand Advantage Supported by Its Deve...
We don't expect a material change to our $59 fair value estimate after InterContinental Hotels Group reported a mixed third-quarter sales update with weak 1% revPAR growth and strong 5.1% room expansion, leaving shares slightly undervalued. We have some concern with InterContinental's 0% revPAR growth in the Americas segment (73% of total rooms), even though it lapped tough year-ago comparisons related to hurricane benefit and despite the company remaining constructive on industry fundamentals ...
- Dan Wasiolek
InterContinental's Brand Advantage Supported by Its Development Growth...
We don't expect a material change to our $59 fair value estimate after InterContinental Hotels Group reported a mixed third-quarter sales update with weak 1% revPAR growth and strong 5.1% room expansion, leaving shares slightly undervalued. We have some concern with InterContinental's 0% revPAR growth in the Americas segment (73% of total rooms), even though it lapped tough year-ago comparisons related to hurricane benefit and despite the company remaining constructive on industry fundamentals c...
- Dan Wasiolek
Morningstar | InterContinental's intangible asset advantage is support...
We expect InterContinental Hotels Group to expand room share in the hotel industry in the next decade, driven by a favorable next-generation traveler position supported by renovated and newer brands, as well as its industry-leading loyalty program. The company currently has a mid-single-digit percentage share of global hotel rooms and midteens share of all industry pipeline rooms. We see its room growth averaging near mid-single-digit rates over the next decade, above the long-term U.S. supply g...
- Dan Wasiolek
InterContinental's intangible asset advantage is supported by Avid and...
InterContinental posted solid first-half 2018 results with in-line results in its Americas region (72% of operating profit) and slightly stronger figures in its international segments (28%). Accordingly, we plan to lift our $57 fair value estimate by $1-$2, leaving shares slightly overvalued. The Americas region reported first-half revenue per available room, or revPAR, and unit growth of 3.2% and 2.3%, respectively, generally in line with our 3% and 2.1% estimates for 2018. Within the region, U...
- Dan Wasiolek
Morningstar | InterContinental Brand Advantage Aided by Its New Avid B...
InterContinental posted solid first-half 2018 results with in-line results in its Americas region (72% of operating profit) and slightly stronger figures in its international segments (28%). Accordingly, we plan to lift our $57 fair value estimate by $1-$2, leaving shares slightly overvalued. The Americas region reported first-half revenue per available room, or revPAR, and unit growth of 3.2% and 2.3%, respectively, generally in line with our 3% and 2.1% estimates for 2018. Within the region, ...
- Dan Wasiolek
InterContinental Brand Advantage Aided by Its New Avid Brand and Inter...
InterContinental posted solid first-half 2018 results with in-line results in its Americas region (72% of operating profit) and slightly stronger figures in its international segments (28%). Accordingly, we plan to lift our $57 fair value estimate by $1-$2, leaving shares slightly overvalued. The Americas region reported first-half revenue per available room, or revPAR, and unit growth of 3.2% and 2.3%, respectively, generally in line with our 3% and 2.1% estimates for 2018. Within the region, U...
- Dan Wasiolek
Its Chinese unit and Avid's brand strength enhance InterContinental's ...
InterContinental’s first-quarter sales update showcased strong development of its brand the source of its narrow-moat rating and a revPAR rise that is benefiting from the continued travel spend. We plan to lift our $46 fair value estimate by $1 per share to account for stronger demand through 2019. The company’s brand strength was displayed with its room pipeline reaching 252,000 (up 10%), representing a mid-teens share of industry global units under development (three times its existing sha...
- Dan Wasiolek
InterContinental Brand Advantage Buoyed by Strong China and Avid Devel...
InterContinental’s first-quarter sales update showcased strong development of its brand the source of its narrow-moat rating and a revPAR rise that is benefiting from the continued travel spend. We plan to lift our $46 fair value estimate by $1 per share to account for stronger demand through 2019. The company’s brand strength was displayed with its room pipeline reaching 252,000 (up 10%), representing a mid-teens share of industry global units under development (three times its existing sha...
- Dan Wasiolek
New brands stand to enhance InterContinental's intangible asset advant...
The main takeaways of InterContinental’s generally in line fourth-quarter results that included calendar year revenue up 4% (versus our 5% estimate), operating profit up 7% (6%), and unit growth up 4% (4%), were several new announced initiatives to drive intermediate-term growth. Key initiatives include a regional reorganization with a focus to enhance growth in its Middle-East/Asia/Africa (MEAA) segment, innovation, and new brands. We expect to lift our $54 fair value estimate (which forecast...
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