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) has announced a share buyback transaction conducted on December 9, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 1,000 ordinary shares at prices ranging from £99.06 to £101.35, with an average price of £100.5235 per share.
The purchase was executed under shareholder authority granted at the Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the company now has 158,341,929 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on December 6, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 994 ordinary shares at prices ranging from £101.00 to £101.40, with an average price of £101.1684 per share.
The purchase was executed under shareholder authorization granted at the Company's Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the company has 158,342,929 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
InterContinental Hotels Group (IHG) has announced the purchase of 8,476 ordinary shares through Goldman Sachs International on the London Stock Exchange on December 5, 2024. The shares were bought at prices ranging from £100.70 to £101.80 per share, with an average price of £101.0719.
This purchase was executed under shareholder authority granted at the Company's Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. The Company intends to cancel these purchased shares. Following this transaction, IHG has 158,343,923 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on December 4, 2024. The company purchased 40,000 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £99.52 to £100.40, with an average price of £99.9939 per share.
The purchase was executed under shareholder authority granted at IHG's Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. Following this transaction, IHG has 158,352,399 ordinary shares in issue (excluding 6,956,782 shares held in treasury). The company intends to cancel the purchased shares.
InterContinental Hotels Group (IHG) has purchased 40,000 of its ordinary shares on December 3, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £98.84 to £99.98, with an average price of £99.41 per share.
The purchase was made under shareholder authority granted at the Company's Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares.
Following this transaction, IHG has 158,392,399 ordinary shares in issue (excluding 6,956,782 shares held in treasury). The purchases were executed across multiple trading venues including the London Stock Exchange, Cboe BXE, and Cboe CXE.
InterContinental Hotels Group (IHG) purchased 40,000 ordinary shares through Goldman Sachs International on the London Stock Exchange on December 2, 2024. The shares were bought at prices ranging from £97.96 to £98.44, with an average price of £98.1473 per share. The company intends to cancel these purchased shares. Following this transaction, IHG has 158,432,399 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was made under shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.
InterContinental Hotels Group (IHG) announces the purchase of 65,810 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 29, 2024. The shares were bought at prices ranging from £97.88 to £98.52, with an average price of £98.12 per share. The purchase was made under shareholder authority granted at the Company's AGM on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the Company has 158,472,399 ordinary shares in issue (excluding 6,956,782 held in treasury).
InterContinental Hotels Group (IHG) announced a share buyback transaction on November 28, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 17,931 ordinary shares at prices ranging from £97.64 to £98.54 per share, with an average price of £98.1856. Following this transaction, IHG has 158,538,209 ordinary shares in issue (excluding 6,956,782 shares held in treasury). The company intends to cancel the purchased shares.
InterContinental Hotels Group (IHG) purchased 35,000 ordinary shares on November 27, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £97.94 to £98.96, with an average price of £98.5681. The purchase was made under shareholder authority granted at the May 3, 2024 Annual General Meeting.
Following this transaction, IHG has 158,556,140 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares. The shares were bought across multiple trading venues including London Stock Exchange, Cboe BXE, and Cboe CXE.
InterContinental Hotels Group (IHG) announces the purchase of 21,706 ordinary shares through Goldman Sachs International on the London Stock Exchange on November 26, 2024. The shares were bought at prices ranging from £98.02 to £99.06 per share, with an average price of £98.5688. This purchase was made under shareholder authorization from the May 3, 2024 Annual General Meeting. Following this transaction, IHG has 158,591,140 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares.
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