#4 - InterContinental Hotels (NYSE:IHG)
While many of the hotel chains on this list have an international footprint, InterContinental Hotels (NYSE:IHG) is the first that is headquartered overseas. The company is based in England specifically but has over 5,900 properties across the globe. Some of the recognizable brand names include Holiday Inn and Candlewood Suites.
In its most recent earnings report, the company said that is revenue per available room (RevPAR) fell 53% globally. However that was an improvement from the 75% decline in RevPAR from the prior quarter. The company is also showing strength in the United States and cited two reasons for that. First, its properties fall in the mainstream segment, and second they are primarily located in non-urban locations.
Like many of the hotel chains on this list, IHG stock price is higher than it was prior to the pandemic. That suggests that analysts are projecting the company to have the possibility for strong growth particularly since the diverse nature of its holdings should allow weakness in any one property to be offset by strength in others.
About InterContinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
Read More - Current Price
- $124.00
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- N/A
