Hotel and lodging industry revenue has recovered from the COVID-19 pandemic, and 2022 was expected to end with $188 billion in revenue, an increase of 11% compared to 2019.
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Is InterContinental Hotels Group (IHG)’s Stock a Good Investment?
Fundsmith LLP, an investment management firm, published its ‘Fundsmith Equity Fund’ year-end 2020 investor letter – a copy of which can be downloaded here. A return of 18.3% was recorded by the fund in the fourth quarter of 2020, outperforming its MSCI World benchmark that delivered a 12.3% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.op 5 holdings to have a peek at their top bets for 2021.
Fundsmith LLP, in their Q4 2020 investor letter, mentioned InterContinental Hotels Group PLC (NYSE: IHG) and emphasized their views on the company. InterContinental Hotels Group PLC is a Denham, UK-based hotel company that currently has a $12.9 billion market capitalization. Since the beginning of the year, IHG delivered a 9.17% return, extending its 12-month gains to 67.31%. As of March 10, 2021, the stock closed at $71.84 per share.