IHG · NYSE · Travel Lodging

InterContinental Hotels Group (ADR) (IHG)

Franchises and manages hotels through brands, loyalty, reservations, and technology.

$155.97
vs last close+1.37 (+0.89%)
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InterContinental Hotels Group PLCIHG
Consumer Discretionary

Provides hotel brands, management, reservations, technology, and IHG One Rewards to third-party owners. Fees from franchised and managed hotels underpin an asset-light model spanning the Americas, EMEAA, and Greater China.

Runs a hotel brand and owner platform spanning Luxury & Lifestyle, Premium, Essentials, and Suites. Holiday Inn and Holiday Inn Express anchor the midscale offer, while InterContinental, Six Senses, Regent, Kimpton, and other names cover luxury, lifestyle, and premium stays.

Earns fees by licensing brands to franchisees and operating managed hotels for property owners. IHG One Rewards, reservations, marketing, and technology connect the system across the Americas, EMEAA, and Greater China. Owned and leased hotels are a small part of the estate.

Combines a broad brand ladder, conversion formats, and owner-facing commercial systems. Performance depends on travel demand, owner appetite for brands and development, compliance with brand standards, third-party capital, and reliable reservation, loyalty, and technology infrastructure.

Company facts

CEOElie Maalouf
ListedApr 15, 2003
ExchangeNYSE
HeadquartersWindsor, United Kingdom
CountryUnited Kingdom
Employees13,049
CIK0000858446
ISINUS45857P8068

Market cap$22.84B
EPS (ttm)$4.69
P/E (ttm)32.96
ROE
P/B
P/S4.29
Dividend yieldDiv yield1.23%
Beta0.68vs XLY 0.52

Price target$183.00+18.4%Average of 22 analysts
ConsensusHold12 of 22 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 2, 2026UBSUpgrade
Rating: NeutralTarget: $150
Rating: BuyTarget: $188
Aug 27, 2026Berenberg BankTarget
Target: $157
Target: $178
Jul 10, 2026Deutsche BankReiterate
Rating: Target:
Rating: HoldTarget: $145
Jun 25, 2026JefferiesReiterate
Rating: Target:
Rating: BuyTarget: $195
Jun 10, 2026Goldman SachsTarget
Target:
Target: $188

EPSReportedEstimate

Aug '23Feb '24Aug '24Oct '24Feb '25Aug '25Feb '26Aug '26
Reported$2.64$1.75$2.04$2.10$1.74$3.00$2.59$2.75
Estimate$1.66$2.02$1.98$1.98$2.29$2.42$2.57$2.65
Surprise+59.0%−13.4%+3.0%+6.1%−24.0%+24.0%+0.8%+3.8%

RevenueReportedEstimate

Aug '23Feb '24Aug '24Oct '24Feb '25Aug '25Feb '26Aug '26
Reported$2.23B$1.95B$1.11B$2.32B$2.60B$2.54B$2.67B$2.66B
Estimate$1.02B$1.73B$1.11B$1.11B$1.22B$1.18B$2.81B$2.70B
Surprise+118.8%+12.4%+0.2%+110.0%+114.0%+116.2%−4.9%−1.6%
Estimate$2.65
Reported$2.75+3.8%
Estimate$2.70B
Reported$2.66B−1.6%
View details

Current ratio66.40%

ProfitabilityRevenueNet incomeNet margin

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Revenue$1.67B$2.23B$1.95B$2.32B$2.60B$2.54B$2.67B$2.66B
Net income$159.0M$459.0M$291.0M$347.0M$281.0M$473.0M$289.0M$425.0M
Net margin9.5%20.6%14.9%14.9%10.8%18.6%10.8%16.0%

GrowthOperating income

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Operating income$332.0M$561.0M$463.0M$525.0M$516.0M$647.5M$575.0M$671.0M
YoY growth−6.7%+55.4%+39.5%−6.4%+11.4%+23.3%+11.4%+3.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $831.0M · Total debt $4.55B · Total assets $5.23B · Shareholders' equity −$2.98B

Revenue
$2.66B
Operating income
$671.0M
Net income
$425.0M
View details

Dividend yield
1.23%
Next ex-date
Feb 21, 27
estimated · in 152 days
Annual dividend
$1.90
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

Mar '23Aug '23Apr '24Aug '24Apr '25Aug '25Apr '26Aug '26
Dividend$0.945$0.483$1.04$0.532$1.144$0.586$1.259$0.645
Annual yield2.12%1.88%1.52%1.56%1.66%1.41%1.30%1.19%
Ex-dateMar 30Aug 31Apr 4Aug 30Apr 4Aug 22Apr 10Aug 21
Payment dateMay 16Oct 5May 14Oct 3May 15Oct 2May 14Oct 1
View details

Institutions≈ 10.85%16.03M ADS
323 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Other≈ 89.15%131.72M ADS
remainder

147.74M ADS as of Sep 6, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
FMR LLCInstitution
4.00%5.92M ADSas of Jun 30, 2026
Morgan StanleyInstitution
0.56%822,732 ADSas of Jun 30, 2026
Goldman Sachs Group IncInstitution
0.48%703,124 ADSas of Jun 30, 2026
Natixis Advisors, L.P.Institution
0.34%501,366 ADSas of Jun 30, 2026
Bank of America Corp /DE/Institution
0.34%499,739 ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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