|Bid||5,199.00 x 0|
|Ask||5,200.00 x 0|
|Day's Range||5,186.00 - 5,233.00|
|52 Week Range||4,052.63 - 5,770.00|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||22.53|
|Forward Dividend & Yield||0.93 (1.82%)|
|1y Target Est||N/A|
The big hotel companies love brands. They love buying them, and they love creating them. It enables them to grow market share by cornering new parts of the market that their existing brands supposedly don't cover, and the luxury segment remains an important battleground. In their own way, each of the leading hotel companies that […]The post 5 Luxury Takeaways From the Latest Hotel Earnings Season appeared first on Skift.
Some of the world's largest hotel brands are betting big on an Nashville tech startup founded by former Gaylord Entertainment executives. Groups360 has closed on a $50 million investment by hospitality companies Accor, Hilton, InterContinental Hotels Group and Marriott International, the company announced Monday As a result of the deal, each investor will receive a seat on Groups360’s board of directors, according to a news release. Groups360, which helps large groups find and book hotel rooms and event space, lists more than 170,000 hotels in 225 countries on its platform.
Just over a year has passed since NexPoint Advisors, an affiliate of Highland Capital Management, purchased Cityplace Tower with plans to add retail, restaurants and other tenant and visitor amenities to the 42-story building.
IHG appears to have called time on its most recent expansion blitz, which has seen it add five new brands over the last two years. CEO Keith Barr didn't entirely rule out buying or launching new brands in the future but it sounds like he is pretty content with the progress the company has made […]The post IHG CEO Draws Line Under Latest Brand Growth Strategy appeared first on Skift.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.InterContinental Hotels Group Plc reported a slowdown in business travel in China amid a trade war with the U.S. and protests in Hong Kong.Revenue per available room, a key measure of hotel industry performance, fell 0.5% in greater China in the second quarter, the owner of the Crowne Plaza and Holiday Inn chains said Tuesday. The shares declined as much as 3.6% in London.InterContinental, which operates more hotel rooms than any other company, said first-half revenue fell marginally in Hong Kong, which is cleaning up from a general strike as political unrest swells.“We’ve seen some slowdown,” Chief Executive Officer Keith Barr said in an interview on Bloomberg Television. “It’s going to have an impact on business in Hong Kong, but it’s a small proportion of our overall business. Hopefully it will be resolved soon.”A decline in corporate travel in China was balanced by resilient leisure business and an expansion in the number of rooms the company operates. Barr said the effect of the trade war with the U.S. is limited because the hotels in China rely principally on domestic travelers.Overall, first-half revenue of $1.01 billion was in line with estimates compiled by Bloomberg, and the company said it’s confident about the rest of the year. It boosted its interim dividend by 10%.(Updates with CEO comments in 4th, 5th paragraphs.)\--With assistance from Nejra Cehic and Manus Cranny.To contact the reporters on this story: Eric Pfanner in London at firstname.lastname@example.org;Corinne Gretler in Zurich at email@example.comTo contact the editors responsible for this story: Eric Pfanner at firstname.lastname@example.org, Marthe FourcadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
With the purchase, Vanderbilt more than doubled the amount of money it's spent on Midtown land in the past five years.
Based on InterContinental Hotels Group PLC's (LON:IHG) earnings update in December 2018, analyst consensus outlook...
An Aloft hotel is planned for a new mixed-use project in Sandy Springs. A joint venture of Childress Klein and MidCity Real Estate Partners sold a 0.65-acre site for the 140-key hotel at its NorthPlace development. It’s planned at Barfield Road and Mount Vernon Highway, near the headquarters of Mercedes-Benz U.S. and the Sandy Springs MARTA station.
The main portion of the two-building Holiday Inn Fisherman's Wharf closed last September, leaving a 342-room hole in one of San Francisco's most popular tourist destinations.
InterContinental Hotels Group announced plans to replace its single-use plastic toiletry bottles with “bulk-size amenities” by 2021 globally, in an effort to curb plastic waste. Plastic awareness has gained serious momentum in the last couple of years, but IHG CEO Keith Barr sees the real pressure coming from guests, not new government legislation. “Governments collectively […]The post IHG CEO: Guests Are Pressuring Hotels to Reduce Plastics, Not Governments appeared first on Skift.
IHG is saying goodbye to mini shampoos, conditioners and soaps. The global hotel chain, which has its Americas headquarters in Atlanta, said Tuesday it will phase out bathroom miniatures, switching to bulk-size products instead.
The owner of Holiday Inn and InterContinental Hotels said it will switch to bulk-size bathroom amenities as part of an effort to cut waste.
Let's talk about the popular InterContinental Hotels Group PLC (LON:IHG). The company's shares saw a double-digit...
San Francisco's $10 billion tourism industry is fueling another new hotel proposal to house the rising demand. Stanton Architecture has filed a proposal for a $20 million hotel at 2629 Taylor St., just a few blocks away from bustling destinations along the city's waterfront. The 134-room, five-level hotel will not include services such as an on-site restaurant or meeting space, instead relying on nearby hotspots such as Fisherman's Wharf, Ghirardelli Square and Pier 39 to draw in business.
The recently completed work doesn't include the $500,000 it recently put into fixing up the ground-floor restaurant, or the $5 million it is planning to spend on overhauling its Starlight nightclub.
Marriott CEO Arne Sorenson talks with Yahoo Finance about new 'drip pricing' allegations and the state of the iconic hotel brand.
Regent Hotels & Resorts may be the most prestigious luxury hotel brand you’ve never gotten a handle on, but InterContinental Hotels Group (IHG) hopes to change that. Since IHG purchased a 51 percent stake in Regent last year — with the right to acquire the remaining 49 percent interest starting in 2026 — the company has […]The post Regent Wants to Reclaim Its Crown Under IHG appeared first on Skift.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
The plans for the land are unknown, but previous documents showed a new 288-room hotel potentially in the works.