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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 PLC announced the purchase of 11,976 ordinary shares at an average price of £56.3491 on January 30, 2023, through Goldman Sachs International. This transaction was authorized by shareholders at the AGM on May 6, 2022. The shares will be canceled post-purchase, reducing the total number of ordinary shares in circulation to 175,399,858, excluding treasury shares. The highest price paid was £56.5800, and the lowest was £56.0400. This share buyback reflects the company's commitment to returning capital to shareholders.
On January 26, 2023, InterContinental Hotels Group purchased 9,437 of its ordinary shares at prices ranging from £56.42 to £57.06 through Goldman Sachs International. The average price paid per share was £56.7846. This share buyback aligns with the authority granted by shareholders at the Annual General Meeting on May 6, 2022. Following this transaction, the Company has 175,421,334 ordinary shares outstanding, excluding treasury shares. The purchased shares will be canceled to reduce the overall share count, reflecting the Company's strategy to enhance shareholder value.
InterContinental Hotels Group PLC announced the purchase of 9,500 ordinary shares on January 25, 2023, through Goldman Sachs International on the London Stock Exchange. The purchase, conducted under the authority granted by shareholders at the AGM on May 6, 2022, had an average price of £56.5963, with a low of £56.3000 and a high of £57.0600. Following this transaction, the total number of ordinary shares in issue stands at 175,430,771, excluding 7,506,782 held in treasury. The purchased shares are intended for cancellation.
On January 23, 2023, InterContinental Hotels Group acquired 8,984 of its ordinary shares at an average price of £56.3650 through Goldman Sachs International, as authorized by shareholders at the Annual General Meeting on May 6, 2022. The share purchase followed prior instructions issued on August 9, 2022. The lowest price paid per share was £56.1400, while the highest reached £56.6000. Subsequently, the company plans to cancel these purchased shares, leaving a total of 175,449,181 ordinary shares in circulation.
On January 19, 2023, InterContinental Hotels Group announced the purchase of 7,469 ordinary shares at an average price of £55.9502 each on January 18, 2023, as authorized by shareholders during the Annual General Meeting on May 6, 2022. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this purchase, the total number of ordinary shares outstanding is 175,465,665, excluding 7,506,782 shares held in treasury. The company plans to cancel the shares purchased in this transaction.
On January 16, 2023, InterContinental Hotels Group purchased 5,900 ordinary shares at an average price of £54.13 each through Goldman Sachs International. This buyback aligns with shareholder approval from the Annual General Meeting held on May 6, 2022. The lowest price paid per share was £54.00 while the highest reached £54.20. The company plans to cancel these shares following the transaction. Post-purchase, there are 175,480,634 ordinary shares outstanding, excluding 7,506,782 in treasury.
On January 11, 2023, InterContinental Hotels Group purchased 19,934 of its own ordinary shares through Goldman Sachs International on the London Stock Exchange. This action was made under the authority granted by shareholders during the AGM on May 6, 2022. The shares were bought at prices ranging from £52.0600 to £52.6200, with an average price of £52.3947. Following this repurchase, the company now has a total of 175,512,615 ordinary shares outstanding, excluding 7,506,782 shares held in treasury. The purchased shares are set to be canceled.
InterContinental Hotels Group PLC announced the purchase of 20,000 ordinary shares on January 10, 2023, at an average price of £51.8226. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this transaction, the total number of ordinary shares in circulation is 175,532,549, excluding treasury shares. The company plans to cancel the purchased shares to reduce the total share count, enhancing shareholder value as authorized by shareholders at the Annual General Meeting on May 6, 2022.
On January 9, 2023, InterContinental Hotels Group purchased 13,894 of its ordinary shares at an average price of £51.3776 each, in accordance with shareholder authority. The transactions were executed through Goldman Sachs International on the London Stock Exchange. The highest price paid was £51.5000, while the lowest was £51.0400. Following this purchase, the total number of ordinary shares in issue stands at 175,552,549, excluding 7,506,782 held in treasury. The company plans to cancel the purchased shares to optimize its capital structure.
On January 5, 2023, InterContinental Hotels Group purchased 14,599 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were acquired at an average price of £49.8137, with a low of £49.4500 and a high of £50.0000. The company intends to cancel the purchased shares, reducing the total number of ordinary shares to 175,566,443 (excluding treasury shares). This buyback aligns with the authority granted at the Annual General Meeting on May 6, 2022, and is part of their strategy to enhance shareholder value.
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