ANALYST VIEWS: WILL INTERCONTINENTAL’S POSITIVE TRADING CONTINUE?
SIMON FRENCH | PANMURE
“Current trading is strong with April global constant currency revenues per room growth of 5.2 per cent with all regions positive. Having upgraded our forecasts last week we make no change to our above-consensus estimates.”
SAM HART | CHARLES STANLEY
“The signs are very encouraging with revenues per room on the up. The hotel brands it has are very strong and there are a lot of new rooms, in the pipeline. The outlook is certainly very good.”
MARK BRUMBY | LANGTON CAPITAL
“IHG would appear to have turned the corner. Revenues per room increased for the first time in a year and a half, but the group’s franchise business means that it will be less sensitive than when markets were falling.”
NIGEL PARSON | EVOLUTION SECURITIES
“We think that IHG’s share price has travelled too far, too fast. The first tentative signs of recovery are now evident but it is likely to remain weak and we prefer cheaper alternatives elsewhere.”