InterContinental Hotels Group PLC (ADR) (NYSE:IHG)
CAPS Rating:
The Company is a worldwide owner, manager and franchisor of hotels and resorts.
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The Company is a worldwide owner, manager and franchisor of hotels and resorts.
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Yes, the stock has recovered, and the economy is recovering, which is all good for business travel. However, the events unfolding in Europe makes me concern about two things:
- Slow growth to plague the Euro zone countries
- The collapse of the Euro as a currency (especially for companies reporting revenue in US$)
Both concerns would lead me to believe that any company with large exposure to European business, and the Euro currency will be struggling for quite sometime