InterContinental Hotels Group PLC

IHG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 3,773.00	Hfrgs	Gxpssqcm

InterContinental’s Demand Improvement Continues, Despite Economic Growth Angst; Shares Attractive

Dan Wasiolek

Oct 21, 2022

We acknowledge the uncertain economic terrain but think InterContinental's demand can navigate higher in 2023, even should a mild recession occur, stoked by the ingrained desire to travel, remote work flexibility, and service consumption wallet share. We believe the market is discounting shares of travel operators like IC, which trades at a 30% discount to our $71 fair value estimate.

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InterContinental Hotels Group PLC

InterContinental’s Demand Improvement Continues, Despite Economic Growth Angst; Shares Attractive

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How we make money

How we use your personal data

How we approach editorial content

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