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President Donald Trump will meet Wednesday with leaders from major airlines, hotels and travel companies after a men's FIFA World Cup-fueled summer tourism boost. Travel spending rose 6.2% in June, but prices climbed 8.1% and overseas arrivals remained down.

UBS has upgraded Intercontinental Hotels Group PLC (LSE:IHG), the hotel operator, to 'buy' from 'neutral', raising its price target to $188 from $157.65. The broker said IHG's shares, up 2% at 1$59.10, now trade at a discount to certain peers despite its strong long-term track record in global lodging.

Here is how InterContinental Hotels (IHG) and Gray Media (GTN) have performed compared to their sector so far this year.

The TCW Global Real Estate Fund, I Share Class, generated a return of +9.54% (net of fees) during the quarter, underperforming the S&P Global REIT Index return of +11.08%. Our best-performing securities for the quarter were InterContinental Hotels Group and Welltower Inc. Our worst-performing securities were Crown Castle and Cellnex Telecom.

Fans Can Ride Home in Comfort Aboard the IHG Racquet Cruiser While Enjoying the Return of the Beloved Watermelon Slice Cocktail and Exclusive IHG One Rewards Experiences ATLANTA, Aug. 20, 2026 /PRNewswire/ -- The competition may end at match point, but the hospitality doesn't have to. IHG Hotels & Resorts, the official hotel and hotel loyalty program of the US Open Tennis Championships, returns for its eighth year with an all-new way to extend the tournament experience beyond the gates: the IHG Racquet Cruiser, a one-of-a-kind, complimentary premium motorcoach that turns the ride home into one last taste of IHG hospitality.

InterContinental Hotels Group PLC (IHG) Q2 2026 Earnings Call Transcript

InterContinental Hotels Group delivered strong 1H26 results, with adjusted EBITDA and EPS growth outpacing revenue on margin expansion. IHG's robust room pipeline, representing 33% of current inventory, and operational efficiencies underpin a positive outlook for earnings and margin growth. Record free cash flow and disciplined leverage support continued dividend increases and share repurchases, enhancing shareholder returns.