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Intercontinental Hotels Group vs Hyatt Hotels: IHG and H compared
Intercontinental Hotels Group is the larger company: $2.7B of revenue in its latest quarter (H1 2026) against $1.7B for Hyatt Hotels (Q3 2026). Intercontinental Hotels Group is growing faster (+6% against -2% a year earlier). Intercontinental Hotels Group is more profitable, with an operating margin of 25.2% against 4.5%.
Where the money goes: IHG and H
Intercontinental Hotels Group (IHG) · H1 2026
Intercontinental Hotels Group, H1 2026: revenue $2.7B (+6% year over year), operating margin 25.2%, net earnings $425M, operating cash flow $355M. The chart follows the revenue to costs, profit and cash.
Hyatt Hotels (H) · Q3 2026
Hyatt Hotels, Q3 2026: revenue $1.7B (-2% year over year), operating margin 4.5%, net earnings $58.0M, operating cash flow −$135M. The chart follows the revenue to costs, profit and cash.
| Intercontinental Hotels Group (IHG) | Hyatt Hotels (H) | |
|---|---|---|
| Latest quarter | H1 2026 | Q3 2026 |
| Revenue | $2.7B | $1.7B |
| Revenue growth, Y/Y | +6% | -2% |
| Operating margin | 25.2% | 4.5% |
| Net earnings | $425M | $58.0M |
| Net margin | 16.0% | 3.3% |
| Operating cash flow | $355M | −$135M |
| Free cash flow | $345M | — |
| Market value | — | $17.9B |
| P/E | — | 95.6× |
| Analysts’ mean target | — | $201.52 |
Where the revenue comes from
Intercontinental Hotels Group
- System Fund and reimbursable revenues: $1.4B (53%)
- Revenue from reportable segments c: $1.3B (47%)
Hyatt Hotels
- Segment revenues: $766M (44%)
- Net fees: $308M (18%)
- Owned and leased: $271M (16%)
- Distribution: $168M (10%)
Questions
Which is bigger, Intercontinental Hotels Group or Hyatt Hotels?
Intercontinental Hotels Group is the larger company: $2.7B of revenue in its latest quarter (H1 2026) against $1.7B for Hyatt Hotels (Q3 2026).
Is Intercontinental Hotels Group or Hyatt Hotels growing faster?
Intercontinental Hotels Group is growing faster (+6% against -2% a year earlier).
Which is more profitable, Intercontinental Hotels Group or Hyatt Hotels?
Intercontinental Hotels Group is more profitable, with an operating margin of 25.2% against 4.5%.
More: Intercontinental Hotels Group earnings · how Intercontinental Hotels Group makes money · Hyatt Hotels earnings · how Hyatt Hotels makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Aug 11, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.