AllAnalyst Report
logoMorningstarOctober 15, 2021

InterContinental Hotels Group PLC: InterContinental Focusing on Portfolio Quality as Travel Demand Improves

Symbols
IHG
Sector(s)
Consumer Cyclical
Rating
Current Price
$98.17
Fair Value
Economic Moat
Stewardship
Summary

InterContinental Hotels Group operates 884,000 rooms across 17 brands addressing the midscale through luxury segments. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in summer 2017 and closed on a 51% stake in Regent Hotels in July 2018. It acquired Six Senses in February 2019. Managed and franchised represent 99% of total rooms. As of Dec. 31, 2020, the Americas represents 58% of total rooms, with Greater China accounting for 16%; Europe, Asia, the Middle East, and Africa make up 26%.

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Analyst Profile

Dan Wasiolek

Senior Equity Analyst
Dan Wasiolek is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers gaming, lodging, and online travel.Before joining Morningstar in 2014, Wasiolek spent 16 years as an analyst and portfolio manager covering U.S. mid- and large-cap strategies for Driehaus Capital Management.Wasiolek holds a bachelor’s degree in business administration from Illinois Wesleyan University and a master’s degree in business administration, with a concentration in finance, from the DePaul University Kellstadt School of Business.