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IHG

InterContinental Hotels Group PLC

5/18/2013, 7:02 PM ET

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Wednesday, May 8, 6:56 AM InterContinental Hotels Group (IHG) says it will increase the hunt for a buyer of its valuable InterContinental New York Barclay hotel. The company says the property is the only asset that it's looking to sell at the moment. Comment! [Consumer]
Monday, April 29, 6:59 AM President Obama is expected to sign a bill sometime today to give the FAA ability to end its furlough of 13K air traffic controllers. Typos delayed delivery of the bill to the White House. Airline stocks (FAA) and hotel stocks (CHH, CTRP, H, HOT, IHG, MAR, WYN) are viewed by analysts as getting a boost from the return to normalcy in the travel industry. Comment! [Consumer, U.S. Economy]
Thursday, April 25, 9:49 AM Hotel company lobbyists are in Washington to protest the impact of the furlough of FAA employees on the industry and voice its opinion on immigration bills. The sector is particularly concerned with keeping up its momentum with business travel as the industry has seen RevPAR (revenue per available room) start to move in the right direction. Lodging stocks: CHH, CTRP, H, HOT, IHG, MAR, WYN. 1 Comment [Consumer]
Tuesday, April 9, 7:01 AM The amount of construction of five-star hotels is on the decline in the U.S. as lower margins concern operators. Only six hotels are slated to be opened in 2013, down from 23 just three years ago. Sector watch: L, MAR, BEE, HOT, HST, IHG, WYN Comment! [Consumer]
Tuesday, February 19, 3:22 AM InterContinental Hotels Group (IHG): 2012 net profit +18% to $544M, revenue +4% to $1.84B and operating profit +10% to $614M, topping consensus of $605M. Global constant-currency revenue per available room +5.2%, +6.3% in U.S. and +5.4% in Greater China. Recommends full-year dividend of $0.64/share, +16%. To push ahead with sale of New York Barclay and InterContinental Park Lane hotels, which are valued at a combined $737M. (PR I, II) Comment! [Consumer, Earnings, Dividends]
Tuesday, November 6, 2012, 4:09 AM InterContinental Hotels Group (IHG): Q3 net profit $174M vs $178M last year. Adjusted net profit $118M vs $105M. Revenues +1% to $473M. Global revenue per available room +3.9%. To open up talks to sell InterContinental New York Barclay, mulls sale of InterContinental London Park Lane. Despite the difficult economy, "forward bookings remain encouraging." Shares +1.6% in London. (PR) Comment! [Earnings, Consumer]
Tuesday, August 21, 2012, 4:10 PM SunTrust sifts through global hotel data for July to conclude that soft hotel revenue in Europe and a slowdown in Asia could hit the results for Starwood (HOT), InterContinental Hotels (IHG), Hyatt (H), and Marriott International (MAR). Both regions saw revenue per available room (RevPAR) fall after factoring in currency swings. Picking through the sector, the firm sees Wynhdam (WYN) as the best value play. Comment! [Consumer]
Tuesday, August 7, 2012, 9:10 AM Premarket gainers: USHS +37%. BSFT +24%. FOSL +21%. LOPE +18%. BVSN +10%. ZLCS +10%. VRNG +9%. IHG +8%. CIM +6%. NOK +6%. MGM +5%. DCTH +5%.
Losers: WMS -20%. LEAP -18%. NIHD -16%. ELN -11%. CORT -10%. HEK -9%. DUF -8%. Comment! [On the Move]
Tuesday, August 7, 2012, 2:55 AM InterContinental Hotels Group (IHG): Q2 net profit +39% to $121M, revenue +3.3% to $469M. Boosted by robust demand in the U.S. - where occupancy is high across the sector - as well as new hotels in China and India. Revenue per available room +6.1%. To pay $500M in a special dividend and to repurchase $500M of shares, starting in Q4. (PR) Comment! [Earnings, Consumer, Dividends]
Monday, August 6, 2012, 1:01 PM Hotel stocks could see a boost as the industry's occupancy rate now exceeds 75% for the first time since 2007 with a 3.3 percentage point increase over the last year to 75.1%. The 4-week average is also closing in on a level not seen since the recession. Another key metric, revenue per available room, increased 8.2% Y/Y to $81.80. Sector watch: HOT, MAR, IHG, CG, WYN, CHH, HMIN, RLH, H. Comment! [Consumer]
Tuesday, July 31, 2012, 6:45 AM British regulators show resistance to a planned deal between InterContinental Hotels Group (IHG) and online travel sites Expedia (EXPE) and Booking.com on the grounds it infringes competition law. The companies have three months to respond before a final decision is struck on the viability of the deal. IHG -1.1% in London trading. 2 Comments [Consumer, Global & FX]
Monday, June 4, 2012, 9:41 AM Hotel rates for business travelers rose 9.3% Y/Y in April to approach pre-recession levels in North America, while rates for leisure travelers also recorded a respectable 7.3% gain. Industry research suggests that the rate increases haven't run their course yet, tipping off that hotel players such as MAR, WYN, H, IHG, CHH, and HOT could see revenue upside. 1 Comment [Consumer]
Monday, March 19, 2012, 2:07 PM InterContinental Hotels (IHG) unveils its Hualuxe Chinese luxury hotel brand, and says it expects the hotels to exist in at least 100 Chinese cities within 15-20 years. InterContinental has already struck preliminary deals with developers to build 20 franchises, with the first one expected to open in late 2013 or early 2014. The company already operates 160 hotels in China under its Western brands. Comment! [Consumer, Global & FX]
Monday, November 21, 2011, 9:00 AM Premarket gainers: GEDU +96%. VRUS +86%. INHX +30%. CLDX +8%. CTIC +6%. CLWR +6%. DNDN +6%. CBE +5%.
Losers: GERN -7%. KYG -6%. GILD -6%. RIO -5%. FRO -5%. RDN -4%. LNKD -4%. MT -4%. AIXG -3%. INVN -3%. GMCR -3%. CIM -3%. RIMM -3%. ANR -3%. BCS -3%. JEF -3%. AKS -3%. MPEL -3%. MU -3%. RMBS -3%. BHP -3%. DB -3%. TM -3%. NOK -3%. IHG -3%. BIDU -3%. PCX -3%. VALE -3%. Comment! [On the Move]
Tuesday, October 25, 2011, 9:29 AM Fresh from completing a three-year, $1B overhaul of its Holiday Inn chain, InterContinental Hotels (IHG) announces plans to shake up its Crowne Plaza brand in a five-year program aimed at bolstering the quality of its hotels and focusing them on a specific customer base. IHG +1% premarket. Comment! [Consumer, On the Move]
Friday, September 30, 2011, 10:08 AM Hotel stocks continue a skittish trend, led by a 4% decline in shares of Hyatt Hotels (H). The sensitivity of hotel stocks to every piece of economic news is one reason the WSJ's Jack Hough says REITS with well-managed portfolios look like a good alternative play. Hotel decliners: MAR -3.4%, HOT -3.4%, IHG -3.3%. Comment! [Consumer, On the Move, Quick Ideas]