|Bid||58.44 x 1000|
|Ask||58.47 x 800|
|Day's range||58.22 - 59.11|
|52-week range||53.57 - 71.02|
|Beta (3Y monthly)||0.89|
|PE ratio (TTM)||25.32|
|Forward dividend & yield||1.18 (1.96%)|
|1y target est||69.20|
The FTSE 100 company, which owns the Crowne Plaza and Holiday Inn brands, said that overall revenue per available room — the industry’s preferred metric — fell 0.8 per cent in the three months to the end of September. For Greater China, the drop was 6.1 per cent, due to a 36 per cent fall in “revpar” in Hong Kong. Pro-democracy protests in Hong Kong have escalated since they started in spring and this week, the city’s chief executive Carrie Lam declared that Hong Kong was in a “technical recession”.
InterContinental Hotels Group PLC (IHG) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Marriott Vacations' (VAC) strong revenue-building capacities, digital innovations and synergies from the ILG acquisition are encouraging.
Marriott Vacations' (VAC) contract sales in the third quarter are likely to be impacted by nearly $6-$8 million due to Hurricane Dorian.
Today we'll evaluate InterContinental Hotels Group PLC (LON:IHG) to determine whether it could have potential as an...
(Bloomberg Opinion) -- Britain’s Prince Harry is urging tourists to be more eco-friendly – while at the same time flitting across Europe by private jet. It’s hardly the only contradiction in the travel industry’s drive to become more sustainable.The world’s largest hotel chains house as many people each day as a decent-sized city, making them a big source of pollution and waste. Directly, hotels account for about 1% of global carbon-dioxide emissions – although that estimate doesn’t include the hydrocarbon-burning flights and car journeys guests make as they come and go. All-in, tourism’s contribution to man-made emissions could be as much as 8% of the total.As with overcrowding at the world’s most popular tourist attractions, this massive environmental footprint is giving the hotel industry a bad name. Along with energy, food and water, hotels are gargantuan consumers of plastics.Hoteliers’ efforts to kick this particular dirty habit have been capturing headlines lately: Marriott International Inc. and InterContinental Hotels Group Plc have both promised to eliminate plastic shampoo and shower gel miniatures, which should prevent several hundred million small bottles being dumped in landfill annually. (They are, however, trusting you not to steal their new, bulk-sized refillable containers.)Drinking straws, cocktail picks, door key cards, slipper-cellophane, disposable cutlery and water bottles are all in the cross-hairs of the hotel industry’s growing anti-plastics drive. At the margins, these interventions should also help to cut the huge amount of plastic waste that ends up in the oceans and these policies should be relatively simple to implement – unlike the plastics challenge facing supermarkets, for example. But these eye-catching ecological measures have, rightly, prompted accusations of tokenism.If I take three connecting flights to reach my villa in the Maldives, crank up the air conditioning on arrival and then eat filet mignon for dinner, forgoing a plastic stirrer in my margarita and my haul of free plastic miniatures isn’t going to matter a hoot, is it?This isn’t a laughing matter: The tourism industry will be the first to suffer if we don’t change. Coral reefs are being bleached and beaches ruined by plastic detritus and foul-smelling, fertilizer-fueled seaweed blooms. This week, parts of the Bahamas have been devastated by a hurricane whose destructive power was likely magnified by warmer oceans.In fairness, most big hotel groups are making pretty comprehensive efforts to consume fewer resources and cut carbon pollution. Marriott’s promise to cut the amount of waste going to landfill by 45% by 2025 isn’t to be sneezed at when you consider it has 1.3 million rooms worldwide.Resource efficiency is also plain good business sense: the signs asking you to kindly reuse your towels help to cut the hotel’s utility bill as well as its electricity consumption.Hotels know they cannot afford to look lax on these issues. Customers – particularly corporate ones – are considering sustainability issues when purchasing trips and online booking platforms are making it easier to tell environmental saints from sinners. Competitors like home-sharing site Airbnb have been talking up the environmental benefits of staying in someone’s home instead of a large hotel, putting the industry even more on the defensive.Many large hotel chains already provide an impressive level of disclosure about their environmental impact and some use market-based incentives to help ensure sustainability promises are kept.When AccorHotels signed a new 1.2 billion-euro ($1.3 billion) credit facility with a consortium of banks, it linked the interest rate to its compliance with sustainability goals. Marriott offers guests extra loyalty points if they forgo having their rooms cleaned, not that its housekeepers are happy about this. Unfortunately, though, the industry’s rapid growth risks overwhelming the benefit derived from these hard-won efficiency gains.Hilton has achieved an impressive one-third cut in carbon emissions per square meter since 2008 and it plans to extend that to a 61% reduction by 2030. But its absolute emissions have jumped by one fifth over the past decade because the company added thousands of hotels to its portfolio – it opened one a day last year.So what can be done? Plastic bans make for good headlines, but hotels should focus on reducing their most environmentally damaging activities.Heating, ventilation and air conditioning account for up to 45% of hotel energy consumption, according to AccorHotels, so installing the most efficient technology and switching to carbon-free energy sources would seem a sensible priority.That’s easier said than done. The Sheraton Stockholm Hotel boasts that its power is supplied entirely by clean hydroelectricity, but its counterparts in nearby Poland, where coal accounts for 80 percent of power production, have fewer options. Hence, the industry is increasingly choosing to produce its own renewable energy on-site.Of course, the easiest way for the business to clean up is act is also the most unpalatable: open fewer hotels, especially in far-flung destinations only accessible by plane.Getting the balance right is difficult. Hotels provide lots of jobs in poor countries. Still, from an environmental standpoint, video conferencing and staycations are better than hopping on a jet. Similarly, a tent is superior to an air-conditioned luxury hotel room, as Richard Clarke at Bernstein Research points out. But wait for hotels to cap their growth or consumers to voluntarily forgo the comfort of a hotel bed and you’ll be waiting a long time. Higher taxes that penalize the negative consequences of travel may become unavoidable. For now, “sustainable travel” is too often a contradiction in terms. To contact the authors of this story: Chris Bryant at email@example.comAndrea Felsted at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
InterContinental Hotels Group PLC (LON:IHG) is about to trade ex-dividend in the next 3 days. Investors can purchase...
(Bloomberg) -- This was originally published as the Next China newsletter. Sign up here to get it first in your inbox each week.It was all about the yuan this week in China. U.S. President Donald Trump's abrupt threat to raise tariffs on more Chinese goods prompted Beijing to halt imports of agricultural goods and let its currency weaken below the closely watched level of 7 per dollar. In response, Washington formally labelled China a currency manipulator.Experts including former U.S. Treasury Secretary Larry Summers say that’s a tough accusation to justify. While China does have a history of keeping the yuan weak to boost exports, in recent years it’s actually worked to prop up the currency. In fact, the Treasury chose to label it a manipulator just as it stopped intervening and let the market guide the exchange rate lower. Moreover, the designation was largely symbolic.The drama around the yuan has made the central bank’s daily fixing unmissable for China watchers. The rate is published every trading day at 9:15 a.m., after which the currency is allowed to move 2% in either direction. On Thursday, the PBOC set it at the weakest level since 2008, though it has sought to limit the yuan's plunge by keeping the fixing stronger than expectations.Chinese officials and domestic media took pains to stress that the yuan's moves have been normal and Beijing wouldn’t use the currency as a weapon in the trade war. The central bank also told foreign firms that there wouldn’t be a massive depreciation. But traders weren't easily convinced after being burned before.So what now for trade talks? Chinese state media released an onslaught of criticism this week, accusing the U.S. of reneging on its promises and digging in for a protracted conflict unless Washington changes its tune. Trump doesn’t look ready to budge either, as his administration rushes to get the new tariffs ready. Still, his economic adviser Larry Kudlow struck a note of optimism, saying negotiators still expect talks in Washington next month to happen.For now, it looks like the two sides are further apart than ever. Neither leader believes the other is serious about making a deal: China sees Trump as posturing ahead of the 2020 election, while U.S. officials think Chinese leader Xi Jinping wants to wait him out for a better deal.Hong Kong UnrestAnother spreading pain point is Hong Kong, with Chinese authorities accusing the U.S. of instigating what they called the worst unrest since the British handed the island back to Beijing 22 years ago. Hong Kong officials were summoned to Shenzhen to discuss the situation, after Beijing issued its strongest comments yet, threatening the protesters and refusing to rule out military intervention.So far, Trump has not shown interest in getting involved, though that could change as things drag on with few good options, and Beijing shows no signs of conceding. All the while, the economic fallout is widening, with companies like Cathay Pacific and InterContinental Hotels taking the hit.Kashmir PushbackBeijing also had harsh words for India after it abolished the decades-long autonomy of the state of Jammu and Kashmir, calling the move unacceptable and saying it "would not have any effect." China was most critical of the impact of India’s actions on the mainly Buddhist region of Ladakh — an area of strategic importance nestled between Tibet and Pakistan. Pakistan went further, downgrading diplomatic relations and suspending trade with its neighbor. Warship StandoffIn Taiwan, the coast guard intervened to end an hour-long standoff between a freighter and an unidentified Chinese warship after the two vessels collided in the contested Taiwan Strait, the cargo ship’s captain told Bloomberg News. The crash underscored the potential for diplomatic flare-ups in the strait, where China and the U.S. have increased the frequency of military transits as the People’s Liberation Army rapidly expands its navy.AI-Free Casinos Macau’s gaming watchdog restricted the use of artificial intelligence tools that may help casino operators track gamblers likely to bet big, people familiar with the matter said, and asked casinos not to install any digital surveillance equipment that hasn't been approved by regulators. Bloomberg earlier reported on how operators there were starting to use hidden cameras, face recognition technologies, digitally-enabled poker chips and baccarat tables to track gamblers.Patriotic Games And finally, Tencent is teaming up with the Chinese Communist Party apparatus to develop “patriotic” video games, reflecting efforts to cozy up to Beijing as gaming regulations get tighter. In Homeland Dream, players simulate building a city while alleviating poverty and executing tax breaks, meant to echo real-life policies in China. Another title, Story of My Home, is under development. Senior Vice President Steven Ma said the company will mark the upcoming 70th anniversary of the founding of the People’s Republic of China across its other games, and produce movies that “convey the spirit of the era.”To contact Bloomberg News staff for this story: Sharon Chen in Beijing at email@example.comTo contact the editor responsible for this story: Jeff Black at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- The economic fallout from the political protests in Hong Kong is broadening, with Cathay Pacific Airways Ltd. being the latest to say its business is taking a hit.Ticket sales dipped as fewer people took Cathay flights into Hong Kong in July, and the demonstrations are hurting future bookings as well, the flag carrier of Asia’s financial hub said on Wednesday.The toll on commerce is rising as the unrest turns increasingly violent. What started as a protest two months ago over a contentious law has morphed into a movement against China’s grip on the city. That’s dealing a blow to a growing list of businesses, from local retailers and hotels to foreign watchmakers and even Walt Disney Co.The damage to Cathay’s forward bookings suggests the protests are now choking off the flow of visitors to a city that depends on them to spend big on luxury goods, entertainment and hotels.Walt Disney, reporting results on Aug. 6 for the quarter ended June, said visits to Hong Kong Disneyland have suffered.“We will feel it in the quarter that we’re currently in, and we’ll see how long the protests go on,” Chief Executive Officer Bob Iger said on a call.It’s not just the threat from clashes between police and protesters that’s hurting business. A general strike on Aug. 5 led to traffic chaos, violence, tear gas and flight cancellations in the most disruptive day since the protests started.About a day later, rumors about triad gang violence at North Point on Hong Kong Island forced shops nearby, including Starbucks, to shut early. Even the most popular shopping areas such as Causeway Bay were quieter than usual.InterContinental Hotels Group Plc said this week that first-half revenue fell marginally in Hong Kong amid the unrest. Macau’s casino operators reported an unexpected drop in revenue in July. The world’s biggest gaming hub, Macau, is a popular day trip from Hong Kong.Richemont, the owner of Cartier, last month reported a surprise drop in revenue from its watch business. Richemont echoed Swatch Group AG in saying that protests in Hong Kong weighed on sales.China has urged Hong Kong residents to stand up to protesters challenging the government.To contact the reporter on this story: Angus Whitley in Sydney at email@example.comTo contact the editors responsible for this story: Young-Sam Cho at firstname.lastname@example.org, Sam Nagarajan, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Based on InterContinental Hotels Group PLC's (LON:IHG) earnings update in December 2018, analyst consensus outlook...
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