InterContinental Hotels reiterates annual profit estimates, defying industry trend
ReutersMay 8, 2025 7:42 AM
May 8 (Reuters) - Holiday Inn owner InterContinental Hotels Group (IHG) IHG.L said on Thursday it is on track to meet the full-year consensus profit estimate, defying industry peers' forecast warnings over waning economic and consumer sentiment in the U.S.
The United States, IHG's largest market, faces heightened recession risks due to a global trade war sparked by President Donald Trump's tariffs, which have prompted travel companies to caution about stalling demand.
Analysts expect IHG to report adjusted EBITDA of $1.32 billion for the fiscal year 2025.
The group also reported a 3.3% jump in global revenue per available room (RevPAR) for the first quarter, up from last year's 2.6% growth.
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