Goldman Sachs
June 16, 2026
Europe Leisure Conference Feedback
Market ReportEquitiesConsumer DiscretionaryIndustrials
This report details investor takeaways from the 22nd Business Services, Leisure & Transport Conference featuring updates from IHG, Amadeus, Evolution Gaming, and ISS. Analysts provide updated perspectives on growth drivers, market risks, and valuation targets for these companies.
Key Takeaways
- 1.IHG sees upward potential in Net Unit Growth (NUG) for FY26, targeting upper 4%s to 5%.
- 2.Amadeus reports softer air traffic trends for 2026 following IATA's reduced outlook, but maintains profitability management options.
- 3.Evolution Gaming is focusing on gradual quarter-on-quarter revenue improvements in key regions following 1Q revenue deceleration.
Table of Contents
- InterContinental Hotels Group
- Amadeus
- Evolution Gaming
- ISS
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Authors
Ben AndrewsPoppy Boyd-TaylorLeo Mose
Securities
IHG.LAmadeus IT GroupEVOG.STISS
Themes
AI IntegrationCapital AllocationNet Unit GrowthTravel Recovery
Regions
EuropeMiddle EastAsia PacificUnited StatesSaudi ArabiaUAE
