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InterContinental Hotels Group PLC (IHG.L)

IHG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

IHG says Q3 room revenue growth slows
Friday, 21 Oct 2016 02:00am EDT 

Intercontinental Hotels Group Plc : Third quarter trading update . Global Q3 comparable revPAR up 1.3 pct, and up 1.8 pct Q3 YTD . Enhanced global scale: 7k rooms opened in Q3, increasing net system size 3.8 pct YoY to 754k rooms . Building future growth: 19k rooms signed; highest for Q3 since 2008, taking pipeline to 230k rooms . Despite uncertain environment in some markets, we remain confident in outlook for remainder of year - CEO . Looking ahead, while industry revPAR growth has slowed, fundamentals for sector, and particularly for IHG, remain compelling - CEO . Americas revpar was up 1.9 pct in Q3, and 2.2 pct Q3 YTD . In Americas, performance continued to be impacted by our concentration in oil producing markets, where revPAR was down 7.3 pct . RevPAR growth in UK reflects solid trading in provinces partially offset by flat performance in London, where industry-wide supply increases impact .Ongoing challenging trading conditions in France, Turkey and Belgium resulted in significant revPAR declines in those countries.  Full Article

IHG H1 operating profit $344 mln
Tuesday, 2 Aug 2016 02:00am EDT 

Intercontinental Hotels Group Plc : H1 underlying operating profit rose 2.1 percent to 344 million usd . H1 revenue at $838m versus $915m year earlier . H1 operating profit $344m versus $337m year earlier . Interim dividend per share 30.0¢ versus 27.5¢ year earlier . Global comparable h1 revpar of 2.0%, led by rate up 1.4%. Q2 revpar up 2.5%, with growth in all regions . $11.9bn total gross revenue from hotels in ihg's system (up 1.7% year on year; up 4.0% cer) . Americas comparable revpar increased 2.4% (q2: up 2.8%), driven by 2.2% rate growth . If 30 june 2016 spot exchange rates had existed throughout h2 2015, reported operating profit for that period would have been $6m higher . Remain confident in outlook for remainder of year - ceo . 3.6% net room growth year on year, with 17k room openings, up 8% year on year (with q2 up over 40%) . Signed 35k rooms into pipeline, taking it to 222k rooms . Gross capex guidance remains unchanged at up to $350m p.a. Into medium term. .We expect foreign exchange to have an impact on 2016 reported profit.  Full Article

IHG Q1 revpar up 1.5 pct, confident outlook
Friday, 6 May 2016 02:00am EDT 

Intercontinental Hotels Group : First Quarter Trading Update . Good Q1 performance with strong brand momentum . Global Q1 comparable revpar up 1.5% . Enhanced global scale: 5k rooms opened, increasing net system 2.7% yoy to 742k rooms .Current trading trends and momentum behind our brands give us confidence for rest of year.  Full Article

InterContinental Hotels Group PLC proposes dividend
Tuesday, 23 Feb 2016 02:00am EST 

InterContinental Hotels Group PLC:Says it has proposed a final dividend per ordinary share of 57.5¢ (40.3p).Says with the interim dividend per ordinary share of 27.5¢ (17.7p), the full-year dividend per ordinary share for 2015 will total 85.0¢ (58.0p), an increase of 10.4% over 2014.The dividend will be paid on May 13, 2016.  Full Article

InterContinental Hotels Group PLC completes sale of IC Hong Kong
Wednesday, 30 Sep 2015 02:03am EDT 

InterContinental Hotels Group PLC:Says the completion of the sale of InterContinental Hong Kong to Supreme Key Limited.Says IHG will continue to manage the hotel under a long-term management contract.Says Gross disposal proceeds of $929 million have been received in cash, after initial working capital adjustments.Says the terms of the transaction are otherwise unchanged from those announced on July 10.  Full Article

InterContinental Hotels Group PLC proposes interim dividend
Thursday, 30 Jul 2015 02:02am EDT 

InterContinental Hotels Group PLC:Says it has proposed an interim dividend per ordinary share of 27.5¢ (17.7p).Says the interim dividend will be paid on Oct. 2 to shareholders on the register on Aug. 28.Ex-dividend date is Aug. 27.  Full Article

InterContinental Hotels Group PLC to sell ownership interest in InterContinental Hong Kong
Friday, 10 Jul 2015 02:01am EDT 

InterContinental Hotels Group PLC:Has agreed to sell IHG's ownership interest in InterContinental Hong Kong to Supreme Key Ltd, a consortium of investors advised and managed by Gaw Capital Partners, for a gross purchase price of $938 mln Pounds.The Buyer has made a further commitment to invest in a significant refurbishment of the Hotel.This is expected to commence in 2017 and will take place over a period of about 18 months.  Full Article

InterContinental Hotels Group PLC announces completion of sale of Intercontinental PARIS - LE GRAND
Wednesday, 20 May 2015 10:05am EDT 

InterContinental Hotels Group PLC:Says completion of the sale of InterContinental Paris - Le Grand to Constellation Hotels France Grand SA, an affiliate of Constellation Hotels Holding Limited.Terms of the transaction are unchanged from those announced on Aug. 07.Gross disposal proceeds of 330 mln euros have been received in cash and the proceeds will be used for general corporate purposes.IHG will continue to manage the hotel under a long-term management contract.  Full Article

InterContinental Hotels Group declares dividend
Tuesday, 17 Feb 2015 02:00am EST 

InterContinental Hotels Group:Proposed a final dividend per ordinary share of 52¢ (33.8p).Says with the interim dividend per ordinary share of 25¢ (14.8p), the full-year dividend per ordinary share for 2014 will total 77¢ (48.6p), an increase of 10 pct over 2013.Record date is April 7.Payment date is May 15.  Full Article

InterContinental Hotels Group completes Kimpton acquisition
Friday, 16 Jan 2015 07:54am EST 

InterContinental Hotels Group:Confirm that the acquisition of Kimpton Hotels & Restaurants Group LLC for cash consideration of $430 mln has now completed.  Full Article

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InterContinental says oil industry slump, security concerns cap revenue growth

InterContinental Hotels (IHG) saw slower growth in room rates in the third quarter as the slump in the oil industry continued to affect bookings in some U.S. states and security concerns hurt demand in France, Belgium and Turkey.