Five to buy
InterContinental Hotels
The Telegraph
This hotels and resorts business owns brands including Holiday Inn and Crowne Plaza. Revenue per available room is now up almost 13% on pre-pandemic levels, while a 43% growth rate in China suggests that its post-Covid reopening is progressing rapidly. With 292,000 new rooms in the pipeline globally there should be plenty more to come. The group has a healthy geographical spread and better diversification across price categories than many listed peers. The premium rating
