Fri, Feb. 27, 7:13 AM
Tue, Feb. 17, 9:14 AM
Tue, Feb. 10, 10:11 AM
- Strong earnings reports from Starwood Hotels & Resorts (HOT +6.4%) and Wyndham Worldwide (WYN +7.1%) have given a boost to the lodging sector.
- The group is showing improved efficiency as demand and pricing stays ahead of the rate of capacity growth.
- Gainers: Hyatt Hotels (NYSE:H) +3.8%, Marriott International (NASDAQ:MAR) +3.6%, Intercontinental Hotels (NYSE:IHG) +2.7%, Choice Hotels International (NYSE:CHH) +2.1%, Hilton Worldwide (NYSE:HLT) +1.4%, Extended Stay America (NYSE:STAY) +1.2%, Morgans Hotel Group (NASDAQ:MHGC) +1.2%.
- Associated with the sector, Priceline (PCLN +1.8%) and Orbitz Worldwide (OWW +3.1%) are also trading above market averages.
Oct. 13, 2014, 3:46 PM
- Hotel stocks suffer more selling pressure as Ebola fears continue to be a factor.
- Decliners: Marriott International (NASDAQ:MAR) -2.3%, Hilton Worldwide (NYSE:HLT) -2.2%, InterContinental (NYSE:IHG) -2.0%, Extended Stay America (NYSE:STAY) -2.6%, Hyatt Hotels (NYSE:H) -1.6%, Starwood Hotels & Resorts Worldwide (NYSE:HOT) -3.6%, Choice Hotels International (NYSE:CHH) -1.9%.
Oct. 1, 2014, 1:41 PM
- Concerns about the Ebola case in Dallas have contributed to a downward swing in hotel stocks
- The group has been one of the harder hit sectors on the day.
- Decliners: Starwood Hotels (NYSE:HOT) -3.8%, Hyatt Hotels (NYSE:H) -3.1%, Hilton Worldwide (NYSE:HLT) -1.4%, Diamond Resorts (NYSE:DRII) -3.0%, InterContinental Hotels Group (NYSE:IHG) -2.6%, Wyndham Worldwide (NYSE:WYN) -3.3%, La Quinta (NYSE:LQ) -1.7%, Marriott International (NASDAQ:MAR) -3.5%, Red Lion Hotels (NYSE:RLH) -2.3%, Choice Hotels International (NYSE:CHH) -2.3%.
- Previous coverage on Ebola impact
May. 27, 2014, 8:41 AM| Comment!
Feb. 18, 2014, 3:40 AM
- InterContinental Hotels Group's (IHG) 2013 pretax profit increased to $600M from $547M a year earlier, helped by robust demand in the U.S. and better conditions in Europe.
- Revenue rose 4% to $1.9B.
- Net profit from continuing operations dropped to $372M from $537 in 2012, when earnings were lifted by an exceptional item.
- Comparable revenue per available room grew 3.8%, with the strongest growth in Asia and the Americas.
- InterContinental raised its full-year dividend to $0.70 from $0.64.
- "Looking into 2014, although economic conditions in some markets remain uncertain, forward bookings data is encouraging and we are confident that we will deliver another year of growth," said CEO Richard Solomons. (PR)
- InterContinental also announced the sale of the 383-room InterContinental San Francisco Mark Hopkins to a joint venture between affiliates of Woodridge Capital affiliates and Oaktree Capital Management for $120M. InterContinental will continue to manage the hotel.
- The deal follows the sale of InterContinental London Park Lane and an 80% stake in the InterContinental New York Barclay.
- Shares are -3.2% in London. (PR)
Aug. 7, 2012, 9:10 AM
Nov. 21, 2011, 9:00 AMPremarket 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!
Oct. 25, 2011, 9:29 AMFresh 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!
Sep. 30, 2011, 10:08 AMHotel 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!
Sep. 26, 2011, 9:00 AM
Aug. 2, 2011, 12:02 PM
IHG vs. ETF Alternatives
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The Company operates its hotels under the brands InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels.
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