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InterContinental Hotels Group Affirms 2026 Outlook Amid Growth in First-half Revenue

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InterContinental Hotels Group Affirms 2026 Outlook Amid Growth in First-half Revenue

InterContinental Hotels Group (IHG.L) said it remains on track to meet consensus profit and earnings expectations for full-year 2026 after reporting growth in total revenue for the first half.

For the six months ended June 30, the London-listed hotel company's total revenue was $2.66 billion, compared with $2.52 billion in the prior-year period, according to figures published Tuesday. Revenue per available room increased 4.1% year over year worldwide in the first half, with a 4.8% growth in the Americas, 3.1% growth in Greater China and a 3% increase in Europe, the Middle East, Africa, and Asia.

"We remain on track to meet full year consensus profit and earnings expectations. We are also confident in the successful delivery of our growth algorithm, which is driven by the strength of IHG's enterprise platform and our ability to further capitalise on our scale, leading positions and the attractive long-term demand drivers for our markets," Chief Executive Officer Elie Maalouf said.

The group's growth algorithm includes a high-single-digit compound annual growth rate in fee revenue and a CAGR in the 12% to 15% range for adjusted EPS. In the first half, adjusted EPS increased 13% year over year to $2.747 from $2.425.

Profit attributable to equity holders of the parent for the first half decreased to $425 million from $469 million a year ago. Adjusted earnings rose to $412 million from $379 million.

The company's board also declared an increased interim dividend of $0.645 for the first half, compared with $0.586 in the prior-year period. The latest dividend will be paid Oct. 1 to shareholders on record Aug. 21.

Shares of the group decreased over 1% in early morning trading on Tuesday.

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