Zorija, that might currently be correct but that is changing, as most can see by their own energy costs. Commercial establishments are going to have to deal with much higher laundry costs, big wage increases not to overlook maintenance and replacement costs from everything from light bulbs to crockery.
The hit will only be seen when contracts have to be renewed and if occupancy drops due to people and companies pulling in their own spending, will the dominos start to topple imo.
Target sub £4. The trend seems to be set already looking at the charts. |
Energy consumption represents between 3 percent and 6 percent of hotel operating costs
according to a quick google search.... |
With the world wide increase in energy costs and food, how long will it be before many hotels become unaffordable for business travelers?
This is now a worse situation than covid imo. |
Yes me too Phil |
Back on the watchlist. |
Added, decent china Covid 3 month low & Shanghai reopening Wedshuge player internally and abroad |
Underperform call holding up well then...Caesars occupancy of 86pc midweek and 97 at weekends a nice nugget to confirm that filling rooms and potential rack rate rises along the way is looking bullish |
On a website search I note IHG is offering £1k joining sum of money for new recruits; makes me wonder if service sector has, through its treatment of staff during covid19, deterred people from joining the industry? |
The experts talked of rotation into cyclical shares and now they are backing away claiming delta variant has affected lifting of lockdown restrictions However, Health Secretary wants July to be the month all restrictions are lifted.
IHG is in the middle of it all. The August update will show the fallout from delta variant but will the City relate the shares if occupancy rate and revenue beat estimates? |
JEFFERIES RAISES INTERCONTINENTAL HOTELS TARGET TO 3,750 (3,550) PENCE - 'UNDERPERFORM' |
IHG Hotels & Resorts is thrilled to announce that its luxury InterContinental brand will come to Sorrento in Victoria’s Mornington Peninsula as part of the redevelopment of the Hotel Continental. It follows the signing of a management agreement with the Consortium behind the iconic Hotel Continental redevelopment on the state’s famed coastal strip. |
ATLANTA, March 23, 2021 /PRNewswire/
-- In collaboration with hotel owners around the world, IHG® Hotels & Resorts is accelerating the transformation of one of the industry's largest and most well-known upscale brands – Crowne Plaza® Hotels & Resorts |
Travel shares slide as Britons warned not to book foreign holidays |
2,700 shares sold by CFO and PCA on monday @ 5200p |
BARCLAYS RAISES INTERCONTINENTAL HOTELS TARGET TO 5,700 (4,700) PENCE - 'OVERWEIGHT' |
UBS RAISES INTERCONTINENTAL HOTELS PRICE TARGET TO 4500 (4200) PENCE - 'SELL' |
DEUTSCHE BANK CUTS INTERCONTINENTAL HOTELS GROUP PRICE TARGET TO 5,175 (5,380) PENCE - 'HOLD' |
InterContinental Hotels was knocked lower by a downgrade to ‘underweight’ at JPMorgan |
Intercontinental Hotels Group: Even Pricier But Still A Quality Operator
...So at this price, I am only mildly bullish on IHG. Nonetheless, especially for one willing to take a long-term view, the investment thesis that IHG is a quality operator worthy of a premium is borne out by the latest results. I remain bullish, on a long-term view, although if buying in right now, I think there is better value elsewhere in the U.K. market. |
The leading index is down 4.31 points or 0.06% at 6621.63, with InterContinental Hotels Group PLC (LON.IHG) the biggest faller. Its shares are down 172p or 3.29% at 5054p as Deutsche Bank downgraded the group following its figures on Tuesday.
Analyst Andre Juillard said: "Following IHG's 2020 results yesterday, we updated our forecasts...as well as our recommendation - from Buy earlier to Hold, with price target revised from 5,600p to 5,380p.
In our view, the business remains robust, and poised for outperforming the broader accommodation market through its exposure to midscale segment, to high growth geographies (North America and China) and through domestic demand. However, much of this seems in the price now, with the stock having run up around 12-13% year to date."
proactiveinvestors.co.uk |
DEUTSCHE BANK CUTS INTERCONTINENTAL HOTELS TO 'HOLD' ('BUY') - PRICE TARGET 5,380 (5,600) PENCE |
NEW YORK, NY / ACCESSWIRE / February 23, 2021 /
InterContinental Hotels Group Plc (NYSE:IHG) will be discussing their earnings results in their 2020 Second Half Earnings call to be held on February 23, 2021 at 9:30 AM Eastern Time.
To listen to the event live or access a replay of the call - visit |
Holiday Inn owner IHG reports $280 million loss in FTSE 100 firm’s ‘toughest year ever’
Finance chief Paul Edgecliffe-Johnson told the Standard: "This was obviously the toughest year we've ever had.
"But even in that year we were cash flow positive. The business is very resilient and robust, and as demand for travel comes back, then we will see that recover very rapidly.
"We've got a brand portfolio that is very much plugged into the sort of growth that's going to be happening in the industry over the next few years." |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
