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Analyst Views: Has IHG’s update altered your outlook ahead of next week’s results?

 
Kasmira Jefford
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TIM BARRETT | NOMURA
Ahead of the full third quarter figures next week, IHG has reported 3.7 per cent growth in the third quarter for the Americas region versus our forecast of 4.7 per cent....This is a small deceleration versus 4.6 per cent in the second quarter. The underperformance was largely in Holiday Inn.

WYN ELLIS | NUMIS
October is likely to have had a slow start for IHG, given the US government shut-down, but the company remains relaxed about current trading trends. Consensus may come under marginal pressure and we would expect the shares to be dull ahead of the third quarter statement on 5 November.

KARL BURNS | PANMURE GORDON
Current trading trends give the group confidence for the rest of the year but we think revpar (revenue per available room) expectations may edge back a bit for the fourth quarter in both Americas and Greater China. Consensus forecasts are for earnings of $660m and we think these may edge back.