ANALYST VIEWS: WHAT IS THE OUTLOOK FOR IHG AND THE HOTEL SECTOR AS BUDGET CUTS BITE?
KEITH BOWMAN | HARGREAVES LANSDOWN
Sales momentum has continued to build, with the results broadly reflecting global economic trends. China and Asia are leading the way, whilst the recovery in the financial
sector is aiding important destinations such as New York and London.
SAM HART | CHARLES STANLEY
Long term prospects for the group remain good, given the strong portfolio of hotel brands, impressive new room pipeline and excellent growth potential in China and other emerging markets. We retain a “hold” recommendation on valuation grounds.
NIGEL PARSON | EVOLUTION SECURITIES
Some 15 months after the share price started to move, we are now seeing some sustained recovery and interim EBIT is seven per cent ahead of consensus. IHG has been brilliant at riding the wave of third party development capital but the tap remains firmly off.