IHG First‑Half 2026 Financial Performance
InterContinental Hotels Group PLC (LON:IHG) announced first‑half profit attributable to shareholders of $425 million, representing a 9.4% decline year‑on‑year but exceeding the $401 million analyst consensus. Adjusted earnings for the period rose 8.7% to $412 million, and adjusted earnings per share increased 13% to 274.7 cents, both above the consensus estimate of roughly $401 million.
Total revenue reached $2.66 billion, up 5.6%, marginally below the $2.67 billion consensus. Revenue from reportable segments grew 6.8% to $1.26 billion, while fee‑business revenue rose 7% to $971 million. Operating profit from reportable segments increased 10% to $665 million, and the fee margin expanded to 65.9% from 64.7%, reflecting fee‑business revenue outpacing cost growth.
The company declared an interim dividend of 64.5 cents per share, a 10% increase from the 58.6 cents paid in the comparable period last year. The dividend is payable on 1 October 2026, and total dividends for the full year are expected to total about $285 million. Including dividends, IHG reaffirmed its commitment to return more than $1.2 billion to shareholders in 2026.
Looking forward, IHG reaffirmed its full‑year consensus profit and earnings expectations and narrowed its projected 2026 adjusted interest expense to a range of $230 million‑$240 million. The company noted that ongoing conflict in the Middle East continues to disrupt some international travel flows, but expects the impact to be offset by demand growth in other regions.
Outlook
IHG remains confident that stronger hotel demand outside the affected regions will sustain its financial performance for the remainder of the year.