InterContinental Hotels Group PLC

IHG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 5,143.00	Rhsw	Frrrddvh

InterContinental Earnings: International Strength Offsets Slower US Demand; Shares Fairly Valued

Dan Wasiolek

May 3, 2024

Wide-moat InterContinental Hotels Group’s first-quarter sales and development update broadly tracked toward our 2024 consolidated forecast. Thus, we don’t expect much change to our $96/GBX 7,550 fair value estimate, leaving the shares appropriately valued.

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