InterContinental Hotels Financial Preview 2023

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Revenue Forecast

Revenue for InterContinental Hotels (IHG), the owner of Crowne Plaza and Holiday Inn hotel brands, is forecasted to reach $4.60 billion for 2023. This estimate is based on predictions from eight analysts, up from $3.89 billion reported in the previous year.

Adjusted Operating Profit Forecast

The consensus for adjusted operating profit, which includes fee business and owned, leased, and managed lease hotels, is anticipated to be $1.01 billion. This marks a significant increase from the $828 million recorded in the prior year.

Share Performance

IHG shares have witnessed a 40% increase over the past 12 months and a 11% rise year-to-date.

What to Watch For:

Morgan Stanley analyst Jamie Rollo expects IHG to announce an annual buyback program of $750 million.

Strategic Update

During the earnings release, IHG’s management is likely to provide insights into its strategic priorities without offering specific multi-year targets for 2024. The focus will be on highlighting the earning potential of the asset-light business model and its historical performance.

The consensus forecast for Revenue Per Available Room (REVPAR), a key metric in the hotel industry, is set at $15.7.

IHG has guided for an increase in net debt to $2.27 billion for 2023, up from $1.85 billion in the previous year.

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