We can talk about the UK macroeconomic numbers out this morning, but I doubt if any of you are particularly surprised that retail sales in September were shabby and government debt levels remain firm. All good fun for the upcoming budget and, naturally, picking-and-choosing your favourite UK-focused stocks… Either way, I am sure that InterContinental Hotels (IHG) is happy that it is offering room options around the world.
I have sometimes stayed in InterContinental Hotels Group (IHG) properties, but I am famously much more of a Premier Inn / Whitbread (WTB) sort of guy if I am elsewhere in this country. As for international trips, I would regard International’s Holiday Inn as luxury…but I am sure that its senior management team knows just a little bit about its Regent and Crown Plaza offerings. However, International’s group CEO Keith Barr may soon have evolve his choice of travel preferences as he is “to step down and to be succeeded by Elie Maalouf, Americas CEO InterContinental Hotels Group.
Four months ago, I noted that InterContinental Hotels Group (IHG) “is still excited about the future hotel market…but it should not expect me to book a luxury global Regent or Crowne Plaza room in 2023!”. Famously, I am much more of a Premier Inn/Whitbread (WTB) sort of guy. Interestingly, as an investor, both year-to-date and over the last six months you would have made more money via a holding in the latter too!
Many of you have probably stayed in an InterContinental Hotels Group (IHG) hotel. I am sure a bunch of you are fans of the Regent or Crowne Plaza options, but I am a bit more of a Holiday Inn sort of guy. As for the company’s shares, I have not owned them for years but, when I look at their performance over the last year, they are 10% or so below the c. 5000p share price average. How exciting (not).









