InterContinental Hotels H1 Pre-tax Profit Down, Global RevPAR Rises; On Track To Meet FY26 View

(RTTNews) - InterContinental Hotels Group PLC (IHG, IHG.L) reported Tuesday lower pre-tax profit in its first half of fiscal 2026, while operating profit increased from last year with revenue and Global RevPAR growth.

Looking ahead, Chief Executive Officer Elie Maalouf stated, "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."

In the first half, profit before tax was $578 million, lower than $633 million in the prior year period.

Earnings per share declined to 281.3 cents from 297.2 cents in the comparable period, while adjusted earnings per share increased to 274.7 cents from 242.5 cents last year.

Operating profit reached $671 million, representing 8 percent growth from $623 million a year ago,.

The hotel operator, which manages properties across multiple continents, generated total revenue of $2.659 billion, a 6 percent increase compared with $2.519 billion last year.

Revenue from reportable segments rose 6.8 percent year-over-year to $1.255 billion, driven by system and RevPAR growth. Underlying revenue increased 6.0 percent to $1.238 billion.

Total gross revenue reached $18.2 billion, up 7 percent at constant currency.