IHG vs. TCOM: InterContinental Hotels vs. Trip.com Stock Comparison

November 11, 2026

How do InterContinental Hotels (IHG) and Trip.com (TCOM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

InterContinental Hotels (IHG) and Trip.com (TCOM) are both classified in the Hotels, Resorts & Cruise Lines sub-industry within the broader Hotels, Restaurants & Leisure industry, placing them in the closest GICS peer bucket.

Both InterContinental Hotels (IHG) and Trip.com (TCOM) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for InterContinental Hotels (IHG) and Trip.com (TCOM)
Profile Item	IHG	TCOM
Name	InterContinental Hotels Group PLC ADR	Trip.com Group Limited American Depositary Receipt
Country/Region	United Kingdom	Singapore
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Services	Consumer Services
GICS Industry	Hotels, Restaurants & Leisure	Hotels, Restaurants & Leisure
GICS Sub-Industry	Hotels, Resorts & Cruise Lines	Hotels, Resorts & Cruise Lines
Market Capitalization	26.05 billion USD	27.94 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	April 10, 2003	December 9, 2003
Security Type	ADR	ADR

Price Performance

Cumulative Growth

IHG

TCOM

GSPC

InterContinental Hotels (IHG) vs. Trip.com (TCOM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for InterContinental Hotels (IHG) and Trip.com (TCOM). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for InterContinental Hotels (IHG) and Trip.com (TCOM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
Total Return (1Y)	39.88%	-37.31%
Total Return (3Y, Annualized)	37.41%	9.55%
Total Return (5Y, Annualized)	22.58%	7.80%

Risk Profile

Drawdown History

IHG

TCOM

GSPC

InterContinental Hotels (IHG) vs. Trip.com (TCOM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for InterContinental Hotels (IHG) and Trip.com (TCOM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Trip.com (TCOM) reports a negative beta of -0.04, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. InterContinental Hotels (IHG) has a non-negative beta of 1.09.

Risk profile metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
Volatility (1Y, Annualized)	25.00%	35.10%
Beta (5Y)	1.09	-0.04
Max Drawdown (5Y)	-32.78%	-51.93%
Avg. Volume (3M)	213.26K	3.13M

Risk-Adjusted Performance

Risk-Return Positioning

IHG and TCOM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
Sharpe Ratio (1Y)	1.42	-1.18
Sortino Ratio (1Y)	2.31	-1.41

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Trip.com (TCOM) earns 15.65% on shareholders’ equity, ranked against its industry; InterContinental Hotels (IHG) has no ROE this period.

IHG

Consumer Services industry group

Max: 76.75%
Q3: 34.07%
Median: 15.90%
Q1: 3.23%
Min: -40.61%
IHG: --

TCOM

Consumer Services industry group

15.65%

Max: 76.75%
Q3: 34.07%
Median: 15.90%
TCOM: 15.65%
Q1: 3.23%
Min: -40.61%

InterContinental Hotels (IHG) vs. Trip.com (TCOM): IHG does not report ROE, so it has no value marker; TCOM is benchmarked against the Consumer Services industry group.

Net Margin (TTM)

Trip.com (TCOM) at 36.91% keeps the most of each sales dollar — above its industry’s net margin range — and InterContinental Hotels (IHG) at 13.40% also retains a top-quartile share.

IHG

Consumer Services industry group

13.40%

Max: 25.52%
IHG: 13.40%
Q3: 12.95%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

TCOM

Consumer Services industry group

36.91%

TCOM: 36.91%
Max: 25.52%
Q3: 12.95%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their net margin against the Consumer Services industry group benchmark.

Operating Margin (TTM)

Trip.com (TCOM) reports a negative operating margin of -9.33%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile InterContinental Hotels (IHG) reports 25.12%, ranking against industry peers normally.

IHG

Consumer Services industry group

25.12%

Max: 49.05%
IHG: 25.12%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

TCOM

Consumer Services industry group

-9.33%

Max: 49.05%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
TCOM: -9.33%
Min: -16.47%

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their operating margin against the Consumer Services industry group benchmark.

Profitability Metrics

Profitability metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
ROE (TTM)	--	15.65%
ROA (TTM)	15.51%	2.59%
Net Margin (TTM)	13.40%	36.91%
Operating Margin (TTM)	25.12%	-9.33%
Gross Margin (TTM)	60.97%	80.05%

Growth

Revenue Growth

Trip.com (TCOM) at 17.10% sits in the top revenue growth quartile, while InterContinental Hotels (IHG) at 5.40% is closer to the peer norm — faster top-line expansion for TCOM.

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Trip.com (TCOM) reports EPS growth of 92.37%, ranked against its industry; InterContinental Hotels (IHG) has no EPS growth figure this period.

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
Revenue Growth (YoY)	5.40%	17.10%
Revenue Growth (3Y CAGR)	10.06%	46.04%
EPS Growth (YoY)	--	92.37%
EPS Growth (3Y CAGR)	33.17%	181.37%

Financial Strength

Current Ratio (MRQ)

Trip.com (TCOM) at 1.33 keeps current ratio within its industry’s typical mid-range, while InterContinental Hotels (IHG) at 0.66 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for IHG.

IHG

Consumer Services industry group

0.66

Max: 3.41
Q3: 1.85
Median: 1.06
Q1: 0.72
IHG: 0.66
Min: 0.22

TCOM

Consumer Services industry group

1.33

Max: 3.41
Q3: 1.85
TCOM: 1.33
Median: 1.06
Q1: 0.72
Min: 0.22

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their current ratio against the Consumer Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Trip.com (TCOM) carries debt-to-equity ratio of 0.17 against its industry range, while InterContinental Hotels (IHG) reports no figure this period.

IHG

Consumer Services industry group

Max: 6.12
Q3: 2.93
Median: 1.29
Q1: 0.37
Min: 0.01
IHG: --

TCOM

Consumer Services industry group

0.17

Max: 6.12
Q3: 2.93
Median: 1.29
Q1: 0.37
TCOM: 0.17
Min: 0.01

InterContinental Hotels (IHG) vs. Trip.com (TCOM): IHG does not report debt-to-equity ratio, so it has no value marker; TCOM is benchmarked against the Consumer Services industry group.

Financial Strength Metrics

Financial strength metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
Current Ratio (MRQ)	0.66	1.33
Debt / Equity (MRQ)	--	0.17
Net Debt / EBITDA	2.89	-4.60

Dividends

Dividend Yield (TTM)

Trip.com (TCOM) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile InterContinental Hotels (IHG) reports a yield of 1.08%, ranking against industry peers normally.

IHG

Consumer Services industry group

1.08%

Max: 4.10%
Q3: 1.82%
IHG: 1.08%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TCOM

Consumer Services industry group

0.00%

Max: 4.10%
Q3: 1.82%
TCOM: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their dividend yield against the Consumer Services industry group benchmark.

Dividend Payout Ratio (TTM)

Trip.com (TCOM) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile InterContinental Hotels (IHG) reports a payout of 39.21%, ranking against industry peers normally.

IHG

Consumer Services industry group

39.21%

Max: 89.80%
IHG: 39.21%
Q3: 36.83%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TCOM

Consumer Services industry group

0.00%

Max: 89.80%
Q3: 36.83%
TCOM: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their payout ratio against the Consumer Services industry group benchmark.

Dividend Metrics

Dividend metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
Dividend Yield (TTM)	1.08%	0.00%
Dividend Payout Ratio (TTM)	39.21%	0.00%

Valuation

P/E Ratio (TTM)

Trip.com (TCOM) at 8.95 sits in the cheaper P/E ratio quartile, while InterContinental Hotels (IHG) at 37.95 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

IHG

Consumer Services industry group

37.95

Max: 71.70
IHG: 37.95
Q3: 37.12
Median: 21.88
Q1: 13.00
Min: 5.72

TCOM

Consumer Services industry group

8.95

Max: 71.70
Q3: 37.12
Median: 21.88
Q1: 13.00
TCOM: 8.95
Min: 5.72

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their P/E ratio against the Consumer Services industry group benchmark.

P/S Ratio (TTM)

Trip.com (TCOM) at 0.43 looks cheap on sales in the lower P/S ratio quartile, while InterContinental Hotels (IHG) at 4.89 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

IHG

Consumer Services industry group

4.89

Max: 6.40
IHG: 4.89
Q3: 3.01
Median: 1.54
Q1: 0.74
Min: 0.08

TCOM

Consumer Services industry group

0.43

Max: 6.40
Q3: 3.01
Median: 1.54
Q1: 0.74
TCOM: 0.43
Min: 0.08

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their P/S ratio against the Consumer Services industry group benchmark.

P/B Ratio (MRQ)

InterContinental Hotels (IHG) reports a negative P/B ratio of -53.91, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Trip.com (TCOM) reports 1.18, ranking against industry peers normally.

IHG

Consumer Services industry group

-53.91

Max: 12.02
Q3: 5.58
Median: 2.37
Q1: 1.09
Min: -4.51
IHG: -53.91

TCOM

Consumer Services industry group

1.18

Max: 12.02
Q3: 5.58
Median: 2.37
TCOM: 1.18
Q1: 1.09
Min: -4.51

InterContinental Hotels (IHG) vs. Trip.com (TCOM): A comparison of their P/B ratio against the Consumer Services industry group benchmark.

Valuation Metrics

Valuation metrics for InterContinental Hotels (IHG) and Trip.com (TCOM)
Metric	IHG	TCOM
P/E Ratio (TTM)	37.95	8.95
P/S Ratio (TTM)	4.89	0.43
P/B Ratio (MRQ)	-53.91	1.18
Free Cash Flow Yield (TTM)	3.51%	--