IHG delivered a good-looking but much expected Q1 trading update, largely led by the long-awaited recovery in Greater China. The group CEO will step down for personal reasons and will support a smooth handover to the current Americas CEO as his successor. No major changes are expected to our estimates.
09 May 2023
Expected Q1 improvements; CEO succession
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Expected Q1 improvements; CEO succession
InterContinental Hotels Group PLC (IHG:LON) | 8,301 -664.1 (-0.1%) | Mkt Cap: 13,634m
- Published:
09 May 2023 -
Author:
Yi Zhong -
Pages:
3
IHG delivered a good-looking but much expected Q1 trading update, largely led by the long-awaited recovery in Greater China. The group CEO will step down for personal reasons and will support a smooth handover to the current Americas CEO as his successor. No major changes are expected to our estimates.