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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) announced the repurchase of 60,000 of its ordinary shares on May 22, 2024, through Goldman Sachs International. The shares were bought at prices ranging from £77.60 to £78.56, averaging £78.08 per share.
The buyback was conducted under the authority granted at the Annual General Meeting on May 3, 2024.
Following this transaction, IHG has a total of 162,306,263 ordinary shares in issue, excluding 7,006,782 shares held in treasury.
On 21 May 2024, InterContinental Hotels Group (IHG) announced the repurchase of 54,409 of its ordinary shares on the London Stock Exchange through Goldman Sachs International. The shares were bought at prices ranging from £78.30 to £79.52, with an average price of £78.95 per share. This repurchase was authorized by shareholders during the Annual General Meeting on 3 May 2024 and follows instructions issued on 20 February 2024. Post-transaction, IHG has 162,405,461 ordinary shares in circulation, excluding 7,006,782 shares held in treasury. The company intends to cancel the repurchased shares.
InterContinental Hotels Group PLC (IHG) announced the repurchase of 59,849 of its ordinary shares on the London Stock Exchange on May 17, 2024. The shares were bought at an average price of £78.0589 per share, with the lowest price being £77.92 and the highest at £78.28. This transaction follows the authority granted by shareholders during the company's Annual General Meeting on May 3, 2024. The repurchased shares will be canceled, bringing the total number of shares in issue to 162,459,870, excluding 7,006,782 treasury shares. The shares were bought through Goldman Sachs International. Detailed transaction data is available for review.
On May 16, 2024, InterContinental Hotels Group (IHG) announced the repurchase of 36,557 of its ordinary shares on May 15, 2024. The shares were bought at prices ranging from £77.7000 to £78.3800, with an average price of £78.0711 per share. This buyback was executed through Goldman Sachs International, authorized by shareholders at IHG's Annual General Meeting on May 3, 2024. Post-transaction, IHG has 162,568,472 ordinary shares in issue, excluding 7,006,782 held in treasury. The company intends to cancel the repurchased shares. Further details can be found on the London Stock Exchange's website.
InterContinental Hotels Group (IHG) announced the purchase of 91,014 of its ordinary shares on May 13, 2024, through Goldman Sachs International. The lowest price paid per share was £78.8200, the highest was £79.3800, with an average price of £79.2279. This transaction follows the authority granted at the Annual General Meeting on May 3, 2024, and instructions issued on February 20, 2024. Post-transaction, IHG has 162,664,109 ordinary shares in issue, excluding 7,006,782 held in treasury. The company intends to cancel the purchased shares.
InterContinental Hotels Group PLC announced the purchase of its ordinary shares through Goldman Sachs International on the London Stock Exchange. The Company bought 45,385 shares at prices ranging from £77.5600 to £78.9200 per share. The Company will cancel the purchased shares, leaving 162,783,234 ordinary shares outstanding.
InterContinental Hotels Group PLC announced the purchase of its own shares on May 9, 2024. The Company bought 34,204 ordinary shares at prices ranging from £78.7200 to £80.1200 per share through Goldman Sachs International. The purchase was made in accordance with the authority granted by shareholders at the Annual General Meeting on May 3, 2024. The Company intends to cancel the purchased shares, and after the transaction, it has 162,828,619 ordinary shares in issue.
InterContinental Hotels Group PLC announced the purchase of its ordinary shares through Goldman Sachs International on the London Stock Exchange. The company bought 40,000 shares at prices ranging from £78.8400 to £79.9000 per share, with an average price of £79.2979. The purchased shares will be canceled, leaving the company with 162,862,823 ordinary shares in circulation. The transaction was made in accordance with the authority granted by shareholders at the Annual General Meeting on 3 May 2024.
InterContinental Hotels Group PLC announced the purchase of 20,000 ordinary shares on May 3, 2024, through Goldman Sachs International. The Company plans to cancel the purchased shares. After the transaction, the Company has 162,902,823 ordinary shares in issue. The highest price paid per share was £77.9000, the lowest was £75.8800, and the average price paid per share was £76.8584.
InterContinental Hotels Group PLC announced the purchase of its own shares through Goldman Sachs International on the London Stock Exchange. The Company bought 19,926 ordinary shares at an average price of £78.4651 per share. Following the transaction, the Company has 162,922,823 ordinary shares in issue. The purchased shares will be cancelled.
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