IHG - InterContinental Hotels Group PLC

NYSE - NYSE Delayed price. Currency in USD
62.77
-0.72 (-1.13%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous close63.49
Open63.97
Bid62.91 x 1200
Ask62.78 x 1200
Day's range62.71 - 64.13
52-week range53.57 - 71.02
Volume83,651
Avg. volume107,925
Market cap11.228B
Beta (3Y monthly)0.83
PE ratio (TTM)27.20
EPS (TTM)2.31
Earnings dateN/A
Forward dividend & yield1.18 (1.86%)
Ex-dividend date2019-08-29
1y target est69.20
Trade prices are not sourced from all markets
  • Yuan Drama Leaves China, U.S. Further Apart Than Ever on Trade
    Bloomberg

    Yuan Drama Leaves China, U.S. Further Apart Than Ever on Trade

    (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 schen462@bloomberg.netTo contact the editor responsible for this story: Jeff Black at jblack25@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cathay Pacific Blames Hong Kong Protests for Ticket Sales Dip
    Bloomberg

    Cathay Pacific Blames Hong Kong Protests for Ticket Sales Dip

    (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 awhitley1@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Sam Nagarajan, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • China, Hong Kong Tensions Weigh on InterContinental Hotels
    Bloomberg

    China, Hong Kong Tensions Weigh on InterContinental Hotels

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.InterContinental Hotels Group Plc reported a slowdown in business travel in China amid a trade war with the U.S. and protests in Hong Kong.Revenue per available room, a key measure of hotel industry performance, fell 0.5% in greater China in the second quarter, the owner of the Crowne Plaza and Holiday Inn chains said Tuesday. The shares declined as much as 3.6% in London.InterContinental, which operates more hotel rooms than any other company, said first-half revenue fell marginally in Hong Kong, which is cleaning up from a general strike as political unrest swells.“We’ve seen some slowdown,” Chief Executive Officer Keith Barr said in an interview on Bloomberg Television. “It’s going to have an impact on business in Hong Kong, but it’s a small proportion of our overall business. Hopefully it will be resolved soon.”A decline in corporate travel in China was balanced by resilient leisure business and an expansion in the number of rooms the company operates. Barr said the effect of the trade war with the U.S. is limited because the hotels in China rely principally on domestic travelers.Overall, first-half revenue of $1.01 billion was in line with estimates compiled by Bloomberg, and the company said it’s confident about the rest of the year. It boosted its interim dividend by 10%.(Updates with CEO comments in 4th, 5th paragraphs.)\--With assistance from Nejra Cehic and Manus Cranny.To contact the reporters on this story: Eric Pfanner in London at epfanner1@bloomberg.net;Corinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Marthe FourcadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Will InterContinental Hotels Group PLC's (LON:IHG) Earnings Grow In The Next 12 Months?
    Simply Wall St.

    Will InterContinental Hotels Group PLC's (LON:IHG) Earnings Grow In The Next 12 Months?

    Based on InterContinental Hotels Group PLC's (LON:IHG) earnings update in December 2018, analyst consensus outlook...

  • Why InterContinental Hotels Group PLC (LON:IHG) Could Be Worth Watching
    Simply Wall St.

    Why InterContinental Hotels Group PLC (LON:IHG) Could Be Worth Watching

    Let's talk about the popular InterContinental Hotels Group PLC (LON:IHG). The company's shares saw a double-digit...

  • Marriott CEO rejects 'drip pricing' allegations, defends its resort fees
    Yahoo Finance

    Marriott CEO rejects 'drip pricing' allegations, defends its resort fees

    Marriott CEO Arne Sorenson talks with Yahoo Finance about new 'drip pricing' allegations and the state of the iconic hotel brand.

  • Here's What InterContinental Hotels Group PLC's (LON:IHG) P/E Is Telling Us
    Simply Wall St.

    Here's What InterContinental Hotels Group PLC's (LON:IHG) P/E Is Telling Us

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

  • Should InterContinental Hotels Group PLC (LON:IHG) Be Part Of Your Dividend Portfolio?
    Simply Wall St.

    Should InterContinental Hotels Group PLC (LON:IHG) Be Part Of Your Dividend Portfolio?

    Is InterContinental Hotels Group PLC (LON:IHG) a good dividend stock? How would you know? Dividend paying companies...

  • 3 International Companies Whose Products You'll Soon Use
    Motley Fool

    3 International Companies Whose Products You'll Soon Use

    These companies may not be household names today, but they could be soon.

  • Introducing InterContinental Hotels Group (LON:IHG), A Stock That Climbed 74% In The Last Three Years
    Simply Wall St.

    Introducing InterContinental Hotels Group (LON:IHG), A Stock That Climbed 74% In The Last Three Years

    One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...

  • A Look At The Intrinsic Value Of InterContinental Hotels Group PLC (LON:IHG)
    Simply Wall St.

    A Look At The Intrinsic Value Of InterContinental Hotels Group PLC (LON:IHG)

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! How far off is InterContinental Hotels Group PLC (LON:IHG) from its intrinsic value? Using the most r...

  • What Do Analysts Think About The Future Of InterContinental Hotels Group PLC's (LON:IHG)?
    Simply Wall St.

    What Do Analysts Think About The Future Of InterContinental Hotels Group PLC's (LON:IHG)?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The most recent earnings update InterContinental Hotels Group PLC's (LON:IHG) released in December 2018 confirmed...

  • ACN Newswire

    Crowne Plaza(R) Changi Airport voted World's Best Airport Hotel for fifth consecutive year

    LONDON, Mar 28, 2019 - (Media OutReach) - Crowne Plaza(R) Changi Airport has been awarded the World's Best Airport Hotel for the fifth successive year in the World Airport Awards. The prestigious award ...

  • InterContinental Hotels Group cheers London sales growth
    Evening Standard

    InterContinental Hotels Group cheers London sales growth

    Holiday Inn-owner InterContinental Hotels Group on Tuesday shrugged off “gilets jaunes” protests weighing on Paris demand, as it cheered bumper sales growth in London. The FTSE 100 hotelier gave the Europe update as it posted a 12% rise in full-year group sales to $1.9 billion (£1.5 billion). Edgecliffe-Johnson was more upbeat as he revealed London revenue per room jumped 10% in the fourth quarter, and was up 3% for the whole of 2018.

  • InterContinental Hotels Group targets wealthy customers with £233m acquisition
    Evening Standard

    InterContinental Hotels Group targets wealthy customers with £233m acquisition

    Holiday Inn-owner InterContinental Hotels Group’s efforts to attract more affluent customers were boosted on Wednesday as it agreed a $300 million (£232.6 million) purchase of a luxury resorts operator. FTSE 100 firm IHG said it has inked a deal to buy Bangkok-headquartered Six Senses Hotels Resorts Spas from US investment group Pegasus Capital Advisors. Other locations include Yao Noi in Thailand, Zighy Bay in Oman and Portugal’s Douro Valley.

  • Read This Before Buying InterContinental Hotels Group PLC (LON:IHG) Shares
    Simply Wall St.

    Read This Before Buying InterContinental Hotels Group PLC (LON:IHG) Shares

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! We've lost count of how many times Read More...

  • Is InterContinental Hotels Group PLC (LON:IHG) An Attractive Dividend Stock?
    Simply Wall St.

    Is InterContinental Hotels Group PLC (LON:IHG) An Attractive Dividend Stock?

    Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Historically, InterContinental Hotels Group PLC (LON:IHG) Read More...

  • Is It Time To Consider Buying InterContinental Hotels Group PLC (LON:IHG)?
    Simply Wall St.

    Is It Time To Consider Buying InterContinental Hotels Group PLC (LON:IHG)?

    Let's talk about the popular InterContinental Hotels Group PLC (LON:IHG). The company's shares received a lot of attention from a substantial price movement on the LSE over the last few Read More...

  • World markets are selling off
    Yahoo Finance

    World markets are selling off

    Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:00 a.m. ET.

  • InterContinental Hotels Group dishes out $500m special divi after London boom
    Evening Standard

    InterContinental Hotels Group dishes out $500m special divi after London boom

    InterContinental Hotels Group on Friday cheered bumper demand from tourists for London rooms and vowed to dish up a $500 million payout for investors. The FTSE 100 firm behind the Holiday Inn and Crowne Plaza chains said revenue per available room in the capital rose 3.6% in the third quarter. Finance boss Paul Edgecliffe-Johnson said the firm’s famous Park Lane hotel had its strongest-ever summer.