IHG Reports 5.3% Q3 Revenue Growth on Strong US Hotel Demand

InterContinental Hotels Group (IHG) reported Q3 revenue per available room (RevPAR) growth of 5.3%, exceeding the 4.4% consensus. Shares fell 3% in early trading. Americas region saw 6.8% RevPAR growth, while Greater China declined 3.3%. IHG reiterated confidence in fiscal 2026 EPS growth of 12-15%. The company opened 289 hotels year-to-date and completed $707 million of its $950 million share buyback program.

InterContinental Hotels Group PLC (IHG) announced it purchased its own shares on the London Stock Exchange on October 21, 2026, through Goldman Sachs International. The company plans to cancel these shares. After the transaction, IHG has 147,032,538 ordinary shares in issue, excluding those held in treasury.

InterContinental Hotels Group (IHG) reported a 4.1% global RevPAR increase in H1 2026, with adjusted EPS up 13%. The company has a 348,000-room pipeline and plans over $1.2B in shareholder returns. UBS upgraded IHG to Buy with a $188 price target, citing strong demand and growth. Middle East RevPAR declined 19% in Q2, posing a risk.

InterContinental Hotels Group (IHG) stock rose 3.0% to 160.6 after UBS upgraded it to Buy, raised its price target to $188, and increased EPS estimates. IHG's share buyback program continued, and it reported strong first-half performance. The FTSE 100 fell 0.3% due to geopolitical tensions and inflation concerns.

UBS upgraded InterContinental Hotels Group (IHG) to Buy, raising its price target to $188. The bank cited IHG's strong long-term record, attractive valuation, and growth outlook, including 3.5% RevPAR growth and 5.0% net unit growth forecasted for 2026. Shares rose 2.2% in London trading.

IHG Hotels & Resorts (IHG) announced a deal with GCP Hospitality to convert 14 hotels in Kyoto, totaling 1,063 rooms, into Garner and Holiday Inn Express brands. The phased openings will occur over the next 12 months after renovations and rebranding.