IHG further developed its RevPAR growth compared to 2019 in the Q2 and the quarterly operating profit from reportable segments was above the consensus by a mid-single-digit percentage, noting the earlier-than-expected recovery in Greater China. We have raised our 2023 estimates and we expect an increase to the consensus.

08 Aug 2023
Consensus-beating Q2; encouraging path of RevPAR growth

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Consensus-beating Q2; encouraging path of RevPAR growth
InterContinental Hotels Group PLC (IHG:LON) | 8,539 1366.2 0.2% | Mkt Cap: 13,270m
- Published:
08 Aug 2023 -
Author:
Yi Zhong -
Pages:
3 -
IHG further developed its RevPAR growth compared to 2019 in the Q2 and the quarterly operating profit from reportable segments was above the consensus by a mid-single-digit percentage, noting the earlier-than-expected recovery in Greater China. We have raised our 2023 estimates and we expect an increase to the consensus.