Welcome to our dedicated page for InterContinental Hotels Group Plc news (Ticker: IHG), a resource for investors and traders seeking the latest updates and insights on InterContinental Hotels Group Plc stock.
InterContinental Hotels Group PLC (IHG), headquartered in Denham, Buckinghamshire, England, is a prominent British multinational hospitality enterprise, marketed as IHG Hotels & Resorts. As of December 31, 2023, IHG operates a remarkable 946,000 rooms across 19 brands, spanning midscale to luxury segments. Their renowned brands include Holiday Inn, Holiday Inn Express, Kimpton, Hotel Indigo, Even, Hualuxe, and Voco, catering to diverse customer preferences.
Holiday Inn and Holiday Inn Express are the largest brands, while newer lifestyle brands like Hotel Indigo and Voco are gaining significant traction. IHG's strategic initiatives include the launch of the midscale brand Avid in 2017, a 51% stake acquisition in Regent Hotels in 2018, acquiring Six Senses in 2019, and introducing the Garner brand in 2023.
The company's global footprint is extensive, with the Americas accounting for 55% of the total rooms, Greater China for 19%, and Europe, Asia, the Middle East, and Africa making up 26%. IHG's business model is predominantly managed and franchised, representing 99% of their total rooms.
IHG continuously aims to offer exceptional hospitality experiences, as demonstrated by their recent achievements. On July 25, 2023, IHG collaborated with GRAMMY-nominated artist Carly Rae Jepsen, curating an exclusive hotel suite experience for Lollapalooza. Additionally, IHG's strategic partnership with the US Open Tennis Championships, highlighted by unique fan experiences and events, emphasizes their dedicated guest engagement approach.
Financially, IHG maintains a robust position, reflected in their strategic growth and acquisitions. On August 31, 2023, IHG repurchased 498 ordinary shares, showcasing their commitment to shareholder value. Furthermore, the innovative IHG One Rewards mobile app, with features like seamless booking and in-room customization, has revolutionized guest engagement, achieving high ratings on both Apple and Android platforms.
IHG's expansion in the luxury and lifestyle segment is notable, with planned openings in Mexico, Latin America, and the Caribbean. The introduction of Six Senses La Sagesse in Grenada and upcoming projects in Grand Bahama and Xala underscore their focus on luxury wellness and sustainability. The brand's first all-inclusive resort, Kimpton Tres Ríos Riviera Maya, and the distinctive Vignette Collection hotel in Valladolid, Mexico, highlight IHG's innovative and diversified offerings.
In partnership with Google Cloud, IHG is set to launch an AI-powered travel planner within their mobile app, enhancing the travel planning experience for guests. This strategic partnership underscores IHG's commitment to leveraging technology for superior guest experiences.
InterContinental Hotels Group PLC continues to excel in providing 'True Hospitality for Good,' with a global presence in over 100 countries and a rich pipeline of developments. For the latest updates and news, visit IHG's official website and follow them on LinkedIn, Facebook, and Twitter.
InterContinental Hotels Group (IHG) announces the purchase of 20,000 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 21, 2024. The shares were bought at prices ranging from £94.66 to £96.60, with an average price of £95.93 per share. The purchase was made under shareholder authority granted at the May 3, 2024 Annual General Meeting. Following this transaction, IHG has 158,672,846 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares.
InterContinental Hotels Group (IHG) purchased 20,000 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 20, 2024. The shares were bought at prices ranging from £94.46 to £95.52, with an average price of £94.9741 per share. Following this transaction, IHG has 158,692,846 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares.
IHG Hotels & Resorts launches its annual Cyber Sale event offering significant discounts on stays through April 2025 across its 6,000+ global hotels. IHG One Rewards members can save 25% globally, while non-members can enjoy 17% off when booking between Nov. 20 and Dec. 3, 2024. The sale includes special offers like up to 40% off at participating Iberostar Beachfront Resorts and 500 bonus points for first-time app downloaders. Additionally, during Giving Tuesday (Dec. 3-10), IHG will match member donations up to 10 million IHG One Rewards points to support Action Against Hunger.
InterContinental Hotels Group (IHG) purchased 10,000 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 19, 2024. The shares were bought at prices ranging from £94.10 to £95.32, with an average price of £94.7756 per share. The company plans to cancel these purchased shares. Following this transaction, IHG has 158,712,846 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was made under shareholder authority granted at the Annual General Meeting on May 3, 2024.
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on November 18, 2024. The company purchased 10,000 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £94.34 to £95.38, with an average price of £94.9898 per share.
Following this transaction, IHG has 158,722,846 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares. The purchase was executed in accordance with shareholder authorization granted at the Annual General Meeting on May 3, 2024.
InterContinental Hotels Group (IHG) announces the purchase of 10,000 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 15, 2024. The shares were bought at prices ranging from £94.42 to £95.90, with an average price of £95.2485 per share.
The purchase was executed under shareholder authority granted at the Company's Annual General Meeting on May 3, 2024. Following this transaction, IHG has 158,732,846 ordinary shares in issue (excluding 6,956,782 held in treasury). The Company intends to cancel the purchased shares.
IHG Hotels & Resorts has announced a new holiday partnership with Minted, a premium design marketplace. The collaboration features exclusive holiday card designs and photo gifts with special discounts for guests. Select properties, including InterContinental Buckhead Atlanta, Kimpton Canary Hotel, and Kimpton Grand Roatán Resort, will showcase Winter Chalet pop-up experiences with photo kiosks for capturing holiday moments.
Guests receive 20% off holiday cards and 15% off photo gifts when shopping the IHG and Minted collection. Additionally, customers who order from the collection qualify for up to 15% off future stays at select IHG Luxury & Lifestyle properties. The initiative is part of IHG's broader Winter Chalet seasonal experience, which includes Chalet Day celebrations and festive programming across its Americas portfolio.
InterContinental Hotels Group (IHG) announces the purchase of 20,000 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 14, 2024. The shares were bought at prices ranging from £94.06 to £95.32, with an average price of £95.0021 per share. The company intends to cancel these purchased shares. Following this transaction, IHG has 158,742,846 ordinary shares in issue (excluding 6,956,782 shares held in treasury). The purchase was executed in accordance with shareholder authorization from the Annual General Meeting on May 3, 2024.
InterContinental Hotels Group (IHG) purchased 19,950 ordinary shares through Goldman Sachs International on November 13, 2024. The shares were bought at prices ranging from £93.14 to £94.16, with an average price of £93.7671 per share. The transaction was executed on the London Stock Exchange following shareholder authorization from the May 3, 2024 Annual General Meeting. Following this purchase, IHG has 158,762,846 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares.
InterContinental Hotels Group (IHG) announces the purchase of 20,000 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 12, 2024. The shares were bought at prices ranging from £92.90 to £93.86, with an average price of £93.53 per share. The company plans to cancel these purchased shares. Following this transaction, IHG has 158,782,796 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was made under shareholder authority granted at the Annual General Meeting on May 3, 2024.
FAQ
What is the current stock price of InterContinental Hotels Group Plc (IHG)?
What is the market cap of InterContinental Hotels Group Plc (IHG)?
What is InterContinental Hotels Group PLC?
What are the key brands under IHG?
Where is IHG headquartered?
What recent collaborations has IHG undertaken?
How does IHG primarily operate its hotels?
What recent technological advancements has IHG made?
What is the IHG One Rewards program?
What are IHG's upcoming expansion plans?
How many hotels does IHG have globally?
What is IHG's commitment to hospitality?
