Edition:
India

InterContinental Hotels Group PLC (IHG.L)

IHG.L on London Stock Exchange

4,631.00GBp
20 Sep 2018
Change (% chg)

-13.00 (-0.28%)
Prev Close
4,644.00
Open
4,637.00
Day's High
4,651.00
Day's Low
4,589.00
Volume
454,636
Avg. Vol
472,689
52-wk High
5,050.00
52-wk Low
3,695.00

Latest Key Developments (Source: Significant Developments)

Cathay International's HY Revenue Falls To $49.2 Mln From $62 Mln
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Cathay International Holdings Ltd ::HY REVENUE DECREASED TO USD49.2 MILLION (H1 2017: USD62.0 MILLION).HY GROUP'S OPERATING PROFIT DECREASED BY USD3.8 MILLION TO USD1.1 MILLION.HY PROFIT BEFORE INCOME TAX $3.4 MILLION VERSUS $18.3 MILLION.CURRENT TRADE TENSION BETWEEN U.S., CHINA MAY IMPACT HEALTHCARE EXTRACT PRODUCTS SUCH AS INOSITOL AND BILBERRY.TRADE TENSION SHOULD HAVE LITTLE OR NO IMPACT ON PHARMACEUTICAL AND COSMECEUTICAL BUSINESSES.HOTEL'S BUSINESS MAY ALSO BE ADVERSELY AFFECTED SHOULD TRADE FRICTION ESCALATE AND SLOW DOWN CHINA'S ECONOMY.IF MARKET DEMAND REMAINS STABLE, HAIZI WILL HAVE LOWER PRODUCTION COSTS OF INOSITOL IN H2 VERSUS H1.HOTEL IS IN DISCUSSIONS WITH IHG ON ROOM RECONFIGURATION STRATEGY TO MAXIMISE REVENUE GENERATION.  Full Article

IHG Completes Acquisition Of 51 Pct Stake In Regent Hotels & Resorts
Monday, 2 Jul 2018 

July 2 (Reuters) - InterContinental Hotels Group PLC ::IHG COMPLETES ACQUISITION OF 51% STAKE IN REGENT HOTELS & RESORTS.  Full Article

Intercontinental Hotels Updates on Impact of US Tax Cuts, Jobs Act Bill​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Intercontinental Hotels Group Plc ::INITIAL ESTIMATES ARE ENACTED BILL WILL REDUCE IHG'S GROUP EFFECTIVE TAX RATE BY MID TO HIGH SINGLE DIGIT PERCENTAGE POINTS FROM 1 JANUARY 2018‍.GROUP EFFECTIVE TAX RATE IS STILL EXPECTED TO BE IN LOW 30S IN 2017 ​.‍EXPECTED MEASURES OUTLINED IN BILL WILL RESULT IN SIGNIFICANT, EXCEPTIONAL TAX CREDIT IN FINANCIAL YEAR BILL IS SIGNED INTO LAW.EXCEPTIONAL TAX CREDIT IN FINANCIAL YEAR BILL IS SIGNED INTO LAW, WHICH WOULD BE REALISED IN CASH TERMS OVER A LONG PERIOD FROM 2018​.  Full Article

IHG partners with SAMHI to expand Holiday Inn Express portfolio in India
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Intercontinental Hotels Group Plc :‍PARTNERED WITH SAMHI TO REBRAND ABOUT 2000 ROOMS WITHIN ITS INDIA HOTEL PORTFOLIO, TO HOLIDAY INN EXPRESS HOTELS​.  Full Article

Intercontinental Hotels signs Crowne Plaza hotel in Cairo
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Intercontinental Hotels Group Plc :ANNOUNCED SIGNING OF CROWNE PLAZA CAIRO SHEIKH ZAYED CITY IN PARTNERSHIP WITH AL BADR FOR INVESTMENTS AND COMMERCIAL SPACES COMPANY​.  Full Article

Grubhub announces collaboration with InterContinental Hotels
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Grubhub Inc :Grubhub-Collaboration with ihg to offer ihg rewards club members point-earning benefits for ordering food on grubhub via ihg's online,mobile channels​.  Full Article

Hotelier IHG's global comparable rooms revenue up 2.3 pct
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Intercontinental Hotels Group Plc :INTERCONTINENTAL HOTELS GROUP PLC - ‍GLOBAL Q3 COMPARABLE REVPAR 1 UP 2.3 PCT, AND UP 2.2 PCT Q3 YTD​.INTERCONTINENTAL HOTELS GROUP PLC - ‍WE REMAIN CONFIDENT IN OUTLOOK FOR REMAINDER OF YEAR​.‍IN US, REVPAR WAS UP 0.4 PCT IN Q3 AND 0.6 PCT Q3 YTD WITH PERFORMANCE IN QUARTER IMPACTED BY SEVERAL EVENTS​.INTERCONTINENTAL HOTELS - IN AMERICAS, ‍HURRICANES HARVEY AND IRMA HAD MIXED IMPACT; DISPLACEMENT ACTIVITY TOGETHER WITH RELIEF AND RECONSTRUCTION EFFORTS BENEFITTED FRANCHISE BUSINESS​.‍IN MEXICO Q3 REVPAR WAS FLAT DUE TO EARTHQUAKE IN MEXICO CITY​.INTERCONTINENTAL HOTELS - ‍EXCLUDING EFFECT OF HURRICANES AND THESE ONE-OFF EVENTS, ESTIMATE THAT UNDERLYING US REVPAR WAS MARGINALLY POSITIVE IN QUARTER.IHG- "‍MARKETS PREVIOUSLY IMPACTED BY TERRORIST ATTACKS GREW STRONGLY, REVPAR GROWTH OF 6 PCT IN FRANCE, AND DOUBLE DIGIT GROWTH IN BELGIUM AND TURKEY"​.  Full Article

Intercontinental Hotels - ‍signed 3 management contracts
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Intercontinental Hotels Group Plc :Intercontinental Hotels Group - ‍signed 3 management contracts to introduce its Kimpton Hotels & Restaurants brand to Asia​.  Full Article

UPDATE 1-IHG quarterly room revenue growth accelerates on China demand

Aug 7 InterContinental Hotels Group Plc's (IHG) second-quarter room revenue growth accelerated on robust demand in China, it said on Tuesday.