Holiday Inn owner IHG says bookings subdued amid tighter restrictions October 23, 2020 Holiday Inn owner Intercontinental Hotels Group (IHG) said bookings remained subdued in the third quarter, as tighter restrictions introduced in September dampened the sector’s tentative recovery. Group revenue per available room was down 53.2 per cent reflecting a 30 percentage point drop in occupancy year on year. However, occupancy improved to 44 per cent in [...]
Holiday Inn owner IHG sees signs of recovery in July as consumers book staycations August 11, 2020 Holiday Inn owner Intercontinental Hotels Group (IHG) said it had seen an uptick in bookings in July as holiday makers opt for staycations during the coronavirus pandemic. The figures IHG, which also owns the Crowne Plaza, Regent and Hualuxe hotel brands, saw revenue more than halve to $488m in the first six months of 2020. [...]
Holiday Inn owner IHG secures £600m coronavirus loan April 27, 2020 Holiday Inn owner Intercontinental Hotels (IHG) has secured a £600m loan under the government’s coronavirus financial support scheme, the company announced this morning. IHG’s share price jumped 4.85 per cent this morning after the hotel operator said it now had $2bn in liquidity, after it also amended its credit facility to include a waiver of [...]
Coronavirus: Leading hotel chains in talks to provide rooms to NHS March 19, 2020 Some of the world’s largest hotel chains are in talks with the government about providing space for NHS workers as the UK battles the coronavirus outbreak. One group, Best Western Great Britain, is offering 15,000 hotel bedrooms and over 1,000 meeting rooms to help the NHS and local authorities. Intercontinental Hotel Group also said it [...]
Intercontinental Hotels sales in Hong Kong drop on protests February 18, 2020 Intercontinental Hotels has reported a slight dip in revenue per room in 2019, with the Holiday Inn-owner hit by a fall in bookings in Hong Kong due to the unrest in the territory. The hotel group, which operates 443 hotels in Greater China under various brands, said comparable revenue per available room (revpar) dipped 0.3 [...]
Holiday Inn owner Intercontinental Hotels Group hit by Hong Kong protests as revenue falls for quarter October 18, 2019 The owner of Holiday Inn has blamed protests in Hong Kong for a drop in quarterly revenue, as it also suffered from weakness in the US and mainland China. Intercontinental Hotels Group said quarterly revenue per room fell 0.8 per cent, making it the latest company to feel the pinch of weaker global travel. Read [...]
InterContinental’s first-half room revenue inches up August 6, 2019 InterContinental Hotels has reported a slightly increased first-half room revenue, but a drop in business travellers in China and protests in Hong Kong have dented demand in the region. The figures The FTSE100 group, which owns brands including Holiday Inn and Crowne Plaza, said revenue per available room (RevPAR) rose 0.1 per cent during the [...]
ii Winter Portfolio doubles after fifth market-beating year May 22, 2019 | City Talk After an amazing fifth winter, our portfolio almost doubles in value and beats all the global indices, proving that international investors are wrong to ignore UK stocks. It also proves it is possible to time the market. Five years ago, our interest was piqued by a stock market phenomenon that promised consistent market-beating returns year [...]
China weakness hurts Intercontinental Hotels Group revenue May 3, 2019 The Intercontinental Hotels Group has revealed a decline in hotel occupancy rates as it continues its aggressive expansion plans. The firm, which owns Holiday Inn, Crowne Plaza and Kimpton Hotels, said it had added 12,000 new rooms in the three months to end of March, with another 24,000 to come soon. Read more: Legoland owner [...]
ii winter portfolios extend outperformance in March April 17, 2019 | City Talk There are fewer star performers in this year's Aggressive Winter Portfolio – that was until March when no less than three of the five constituents each gained around 8%. Ignore Mark Twain and Benjamin Disraeli, statistics demonstrate that some stocks do far better during the winter months than others. And the stats are backed up [...]