InterContinental Hotels Group

InterContinental Hotels Group Plc owns and operates hotels. The firm's hotel brands include: InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN Hotels, IHG Rewards Club, Kimpton and HUALUXE Hotels and Resorts. It operates through the following segments: Europe, Middle East, Asia and Africa, Americas, Greater China and Central. The company was founded in 1777 and is headquartered in Denham, the United Kingdom.

InterContinental Hotels Group Plc is a global hospitality company. The firm's hotel brands include Six Senses, Regent, Intercontinental, Vignette, Kimpton, Hotel Indigo, Voco, Hualuxe, Crowne Plaza, Iberostar, Even, Holiday Inn Express, Holiday Inn, Garner, Avid, Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood, and IHG One Rewards. It operates through the following segments: Europe, Middle East, Asia and Africa, Americas, Greater China, and Central. The company was founded in 1777 and is headquartered in Denham, the United Kingdom.

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Airline, hotel, and cruise stocks surged in early Monday trading as Moderna's encouraging vaccine trial results spurred fresh optimism for an end to the coronavirus pandemic. The biotech company announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in a preliminary analysis. The update comes one week after Pfizer and BioNTech revealed similarly positive results from early trials of their own vaccine. While both candidates still need to receive approval from the US Food and Drug Administration, their supposed effectiveness suggests a nationwide rollout could come in 2021. 

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Everything's up in the air right now. Health experts have long warned us not to get too excited about vaccine trials before the full range of data can be examined, but investors in the travel industry are doing just that.

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ATLANTA, Oct. 28, 2020 /PRNewswire/ -- As travel resumes, mitigated by robust industry efforts around cleanliness and safety, IHG Hotels & Resorts, which includes brands such as Holiday Inn, InterContinental, Crowne Plaza, Staybridge Suites and Kimpton, is seeing gains in group business...

IHG Hotels & Resorts shares new data showing sports and entertainment leading the comeback for group travel

The Covid-19 pandemic has wreaked havoc on the hotel industry. Thom Geshay, president of Davidson Hotels & Resorts, shares predictions of what it will take, and when, for a full recovery.

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Intercontinental Hotels Group PLC (LON: IHG), which owns hotel brands such as Holiday Inn and InterContinental, reported a decline in revenues in Q3 as coronavirus continues to batter the hospitality industry.   Fundamental analysis: Covid-19 creates havoc After the breakout in March, the majority of hospitality companies saw a significant slump in revenues due to travel restrictions and lockdown measures, including IHG.

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Business travelers have historically generated more than half, and in some cases as much as 75% of carriers’ profits. Deepening pessimism over when they'll hit the road again has profound implications for airlines.

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ATLANTA, Oct. 1, 2020 /PRNewswire/ -- 'Staycation' was undoubtedly the travel buzzword of 2020. With travel restrictions limiting people jetting off to far-flung destinations for some of the summer months this year, Americans looked to explore what was on their very own doorstep more so...

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Not one to beat around the bushes, “Bloomberg Surveillance” host Tom Keene has a simple question for hotel and hospitality analyst Tuna Amobi: “how bad is it?” ‘Eye of the storm’ The global COVID-19 pandemic ushered in a near global-wide shutdown of travel and this put the hotel industry in the “eye of the storm,” Amobi, an analyst with research firm CFRA said.

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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it will transfer the branding and management of 103 hotels to Sonesta International Hotels Corporation, or Sonesta, from InterContinental Hotels Group plc (NYSE: IHG), or IHG.

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Shares of both Accor and InterContinental Hotels rallied on Thursday.

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Shares in French hotels group Accor rose 1.9% in early trading on Thursday after Le Figaro newspaper reported that the company had examined a potential merger with British rival InterContinental Hotels.

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InterContinental Hotels Group PLC (IHG) CEO Keith Barr on Half Year 2020 Results - Earnings Call Transcript

InterContinental Hotels Group (LON: IHG) expressed confidence on Tuesday that early signs of recovery in demand were starting to appear in recent weeks after months of inactivity due to the Coronavirus pandemic that resulted in an 82% decline in its profit in the fiscal first half (H1) of 2020. Its U.S. peer, Marriott International, also reported to have swung to £179.47 million of loss in fiscal Q2 on Monday.

IHG’s profit slumps 82% in the fiscal H1 due to COVID-19

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today sent a notice of event of default and termination to InterContinental Hotels Group plc (NYSE: IHG), or IHG, as a result of IHG’s failure to pay SVC approximately $8.4 million of required priority return for the month of July 2020.

Service Properties Trust Sends Notice to Terminate IHG Agreements Covering 103 Hotels

InterContinental Hotels Group (LON: IHG) said on Tuesday that the ongoing Coronavirus pandemic that has so far infected more than 300,000 people in the United Kingdom and caused over 43,500 deaths resulted in a 76% decline in average room revenue last month. The slump, however, was a slight improvement as compared to IHG’s data for April.

InterContinental Hotels reports a 76% decline in average room revenue in May

Here are three hotel stocks to buy in long-term portfolios as the travel industry continues to recover from the pandemic.p appeared first on InvestorPlace.

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Hotel stocks may get a bigger boost as consumers become less wary and begin booking vacations and in the months ahead.
The post 7 Hotel Stocks to Buy Before Vacationing Restarts appeared first on InvestorPlace.

News for InterContinental Hotels Group Stock (IHG)