|Bid||57.25 x 800|
|Ask||62.50 x 900|
|Day's Range||58.82 - 60.86|
|52 Week Range||58.06 - 73.79|
|Beta (5Y Monthly)||0.94|
|PE Ratio (TTM)||41.29|
|Forward Dividend & Yield||0.86 (1.44%)|
|Ex-Dividend Date||Mar 31, 2022|
|1y Target Est||N/A|
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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 2019 level. The company noted Americas and EMEAA saw sequentially improved trading in February and March after a challenging January. Meanwhile, China's trading
Marriott International, Hilton Worldwide and InterContinental Hotels have been highlighted in this Industry Outlook article.
Although the hotel occupancy rate is improving, it is still below the pre-pandemic level. However, stocks like MAR, HLT and IHG are likely to benefit from gradually improving occupancy and RevPAR.