The Latest Breaking News from InterContinental Hotels Group plc

Despite the consistent growth in earnings, Airbnb’s (ABNB) slowing revenue growth and high valuation could be concerning. Meanwhile, investors could consider buying fundamentally strong travel stocks like Target Hospitality (TH), InterContinental Hotels Group (IHG), and Bluegreen Vacations Holding (BVH) instead of ABNB. Read more.

While Airbnb (ABNB) grapples with insider selling and regulatory hurdles, fundamentally strong travel stocks Travel + Leisure (TNL), Target Hospitality (TH), and InterContinental Hotels (IHG) are outperforming ABNB. Keep reading.

InterContinental Hotels Group PLC (NYSE:IHG) IHG Hotels & Resorts said its first-quarter revenue per room neared pre-pandemic levels. Rise in demand for hotel stays in the U.S. spring break has lifted occupancy rates, Reuters reported. Q1 RevPAR, or revenue per available room, was up 61% over the same period in 2021, reaching 82% of the…

While many expect the economy to soon slip into recession, a strong labor market and increasing consumer spending make certain consumer cyclical stocks attractive bets at their current price dips. Therefore, we think it could be wise to bet on quality consumer cyclical stocks Boyd Gaming (BYD), Carter's (CRI), Group…

While the resurgence of COVID-19 cases is a significant concern, the hotel industry enjoys substantial investor attention because of increasing consumer spending and pent-up leisure travel demand with the upcoming summer vacations. So, it could be wise to scoop up the shares of fundamentally strong hotel stocks Travel + Leisure…

Thanks to robust pent-up demand, the travel industry is well-positioned to make a stellar comeback in 2022. With a relaxation in restrictions, reopening of borders, and declining mask mandates, popular travel & tourism stocks Expedia Group, Inc. (EXPE), InterContinental Hotels Group PLC (IHG), and Target Hospitality Corp. (TH) are expected…