The British multinational hospitality firm reports £1.70 billion of revenue. InterContinental Hotels refrains from declaring a dividend on Tuesday. InterContinental Hotels Group plc (LON: IHG) said on Tuesday that it concluded 2020 with a loss due to the ongoing Coronavirus pandemic that weighed on its revenue last year. In a bid to conserve cash, the company also refrained from declaring a final dividend. InterContinental Hotels shares remained almost flat in premarket trading on Tuesday but jumped close to 5% on market open. The stock is now exchanging hands at £53.78 per share versus £23.85 per share in March 2020, when the impact of the health emergency was at its peak. The price action should come in handy if you are interested in investing in the stock market.