2024-05-14 04:47:32 ET
Summary
- InterContinental Hotels Group has seen a 30% increase in its stock price since November.
- Q1 2024 financial results show a decrease in RevPAR and occupancy across the Americas.
- IHG's focus on expansion in the German market and strong RevPAR performance in EMEAA could drive future revenue growth.
Investment Thesis: I still take a long-term bullish view on InterContinental Hotels Group, but the stock might see modest growth over the short to medium-term....
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InterContinental Hotels Group: EMEAA Performance Encouraging, But RevPAR Showing Signs Of Plateauing