InterContinental Hotels Group release their results tomorrow with 'optimism' amongst the brokers ahead of their update.

Credit Suisse expects Asian revenues to be ahead of expectations whilst its US hotels should be performing better than the wider market after the Group ended last year 34 pct down on profit and 19 pct down on revenue.

The Group, which owns Holiday Inn and Crowne Plaza Hotels has also outperformed the FTSE 100 recently with 30.87 pct increases in its share price over the last 52 weeks.

Panmure Gordon, who have a 'hold' rating on the stock expects recent strong performances by US peers Marriott International and Starwood Hotels to be "extremely favourable" for InterContinental.

"In addition, weekly industry revpar (revenue per available room)... has also suggested a strong occupancy-led recovery in North America from mid-February," said Panmure.

"Although this has been [driven by the luxury sector] we still expect IHG to have participated in this recovery, particularly towards the back end of the first quarter." the broker added.

Marriott and Starwood both swung to profit after last year's financial crisis.

Revenues this year are expected to be of consensus £1.08 billion whilst brokers bullish on the market such as Oriel Securities have given the Hotels group a 1,130 price target.

FTSE