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Intercontinental Hotels Group (IHG) is the world’s largest hotel operator by number of rooms. As at the end of the last financial year, the group was responsible for 622,000 rooms across 4,222 hotels. Impressive numbers. IHG leads the 2nd placed hotel group Wyndham (WYN) by 36,000 rooms, with Marriott (MAR), Hilton (HLT) and Accor (ACRFF.PK) completing the top five.

By: Sean P. Smith

Shares of Marriott (MAR) have rallied approximately 85% from the lows reached in early March. Shares of Starwood (HOT) have climbed even higher, rallying roughly 150% since early March. Shares of other companies in the industry, including Intercontinental Hotels Group (IHG) and Wyndham Worldwide (WYN), have made similar moves. Given the current state of industry fundamentals, and our expectation that operating metrics will continue to deteriorate, we consider the magnitude of these moves to be excessive.

Filed under: Analyst reports, Analyst upgrades and downgrades, DaimlerChrysler (DAI), Carnival Corp (CCL), NIKE, Inc'B' (NKE), Analyst initiations

Filed under: Analyst reports, Analyst upgrades and downgrades, DaimlerChrysler (DAI), Carnival Corp (CCL), NIKE, Inc'B' (NKE), Analyst initiations

On Tuesday, InterContinental Hotels Group PLC (IHG) met expectations with its full-year results, but said a sharp deterioration in fourth-quarter trading had accelerated in January, and it sees no improvement in sight.