China weakness hurts Intercontinental Hotels Group revenue May 3, 2019 The Intercontinental Hotels Group has revealed a decline in hotel occupancy rates as it continues its aggressive expansion plans. The firm, which owns Holiday Inn, Crowne Plaza and Kimpton Hotels, said it had added 12,000 new rooms in the three months to end of March, with another 24,000 to come soon. Read more: Legoland owner [...]
ii winter portfolios extend outperformance in March April 17, 2019 | City Talk There are fewer star performers in this year's Aggressive Winter Portfolio – that was until March when no less than three of the five constituents each gained around 8%. Ignore Mark Twain and Benjamin Disraeli, statistics demonstrate that some stocks do far better during the winter months than others. And the stats are backed up [...]
ii winter portfolios 2018-19 deliver mega profits March 13, 2019 | City Talk Four months into this six-month strategy and both our winter portfolios are thriving, writes Lee Wild. Finding a trading strategy that works 100 per cent of the time is the Holy Grail of investing. We’re not claiming to have found it here, and seasonal trading is not for everyone, but there is a statistical anomaly backed [...]
Intercontinental Hotels shares fall amid slowed revenue growth and $500m special dividend October 19, 2018 British multinational hotels giant Intercontinental Hotels Group said it intends to pay $500m (£383.6m) to shareholders through a special dividend, after revenue growth slowed in the third quarter. In a trading update published today, Intercontinental said global revenue per available room (revpar) rose one per cent in the third quarter and was flat in the US, [...]
InterContinental Hotels share price jumps after selling off InterContinental Hong Kong for $938m July 10, 2015 Shareholders’ hopes will be raised after InterContinental Hotels Group said it had sold the InterContinental Hong Kong, one of its flagship hotels. The hotelier announced the sale of the five star hotel to Supreme Key, a consortium of investors, early this morning. The deal is a continuation of IHG’s sell-off strategy, under which the chain [...]
InterContinental Hotels share price slumps as much as five per cent after revenue dips on property sales February 17, 2015 The figures Full-year revenue at InterContinental Hotels Group fell 2.4 per cent to $1.85bn (£1.2bn), down from $1.9bn a year earlier, while operating profit was three per cent lower at $651m. This was due to the sale of some of its US hotels. However, beneath this, reported revenue per available room grew 6.1 per cent globally, led by [...]