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Home»Finance»Holiday Inn owner IHG confident US domestic demand will deliver profit growth (May 8)
Finance

Holiday Inn owner IHG confident US domestic demand will deliver profit growth (May 8)

May 9, 2025No Comments2 Mins Read
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Holiday Inn owner IHG confident US domestic demand will deliver profit growth (May 8)
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(This Might 8 story has been corrected to take away the extraneous phrase ‘kilos’ in paragraph 11)

By Raechel Thankam Job

(Reuters) – Vacation Inn proprietor InterContinental Resorts Group stated on Thursday it’s on observe to fulfill analysts’ revenue expectations after reporting development in U.S. room revenues that outpaced rivals. America is IHG’s largest market, which faces heightened recession dangers as a consequence of a world commerce struggle sparked by President Donald Trump’s tariffs, prompting IHG’s friends Marriott and Hilton to chop their full-year steerage.

IHG reported 3.5% development in U.S. room income for the three months ended March 31 on Thursday, in contrast with a 1.9% fall final yr. Its development outpaced Hilton’s efficiency within the area in addition to Marriott’s mixed development in U.S and Canada. IHG stated its on-the-books world income development had continued into the second quarter, whereas noting some softening of ahead financial indicators. The group, recognized for its budget-friendly Vacation Inn and Avid Lodge manufacturers, is banking on U.S. home demand to help development as worldwide journey to the U.S. cools. A rebound within the U.S. market has helped it counter sluggish demand in China. Nonetheless, the lodge operator expects fiscal 2025 income per obtainable room (RevPAR) to come back a little bit beneath analysts’ consensus of two.3%, chief monetary officer Michael Glover stated in a name with analysts. “IHG is a largely mid-market franchise lodge enterprise, and we anticipate it could be resilient in an financial slowdown” Peel Hunt analysts stated in a observe, including that they consider its shares are undervalued.

As of Wednesday’s shut, IHG’s shares have slumped 13.5% in 2025, in comparison with Hilton’s 2.2% dip and Marriott’s 8.2% drop. Shares within the London-listed firm had been up 2.3% at 8,808 pence at 1352 London time. Analysts anticipate IHG to report core earnings of $1.32 billion for the fiscal yr 2025 in accordance with an organization compiled ballot.

In 2024, the corporate reported $1.19 billion in core earnings.

(Reporting by Raechel Thankam Job in Bengaluru; Enhancing by Sumana Nandy and Elaine Hardcastle)

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