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.
IHG's premium brand, voco hotels, has launched eco-friendly limited-edition packages in the U.S., UK, Australia, and New Zealand. Starting November 3, 2022, guests can enjoy unique amenities focusing on sustainability, such as complimentary locally-made products and activities encouraging eco-conscious habits. Available packages include the 'Birds of a Feather' in the U.S. with room upgrades and sustainable sneakers, and the 'Sustainable Sip & Paint' in Australia featuring upcycled art experiences. voco currently has 41 properties globally, with additional locations planned.
InterContinental Hotels Group PLC announced the purchase of 256,348 ordinary shares on 28 October 2022, executed by Goldman Sachs International on the London Stock Exchange. The shares were acquired at an average price of £46.63, with a lowest price of £46.31 and a highest price of £47.00. Following this transaction, the company has 176,983,415 shares in circulation, excluding treasury shares. The intention is to cancel the repurchased shares, aligning with the authority granted in its Annual General Meeting held on 6 May 2022.
InterContinental Hotels Group announced on October 27, 2022, that it purchased 259,415 ordinary shares at an average price of £46.9212 each. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this transaction, the Company has 177,239,763 ordinary shares in circulation, excluding 8,156,782 held in treasury. The purchased shares will be canceled, reflecting the Company’s commitment to enhancing shareholder value.
InterContinental Hotels Group PLC announced the purchase of 264,429 ordinary shares on 26 October 2022, as per shareholder authority from the Annual General Meeting on 6 May 2022. The shares were bought through Goldman Sachs International, with the lowest price at £45.6600 and highest at £46.5000, averaging £46.1440. The intention is to cancel these shares. Post-transaction, 177,499,178 ordinary shares remain in circulation, excluding 8,156,782 in treasury.
InterContinental Hotels Group announced the purchase of 273,992 shares on 25 October 2022 at an average price of £45.9000. The transaction was executed via Goldman Sachs International on the London Stock Exchange, and the company plans to cancel these shares. Following this buyback, there are 177,763,607 ordinary shares outstanding, excluding those held in treasury. This move reflects the company’s strategy of returning value to shareholders.
InterContinental Hotels Group announced the purchase of 279,818 ordinary shares at an average price of £45.7069 on October 24, 2022, as part of a buyback program approved at the Annual General Meeting on May 6, 2022. The shares were bought through Goldman Sachs International on the London Stock Exchange. Following this transaction, the company will cancel the purchased shares, leaving 178,037,599 shares in circulation. The lowest and highest prices paid during the buyback were £44.8400 and £46.3300, respectively.
On October 21, 2022, InterContinental Hotels Group purchased 50,000 of its own ordinary shares at an average price of £44.1730 per share through Goldman Sachs International, as per the authority granted by shareholders. The lowest price paid was £43.5300, and the highest was £44.7700. The purchased shares will be canceled, reducing the total shares in issue to 178,317,417, excluding treasury shares. This transaction reflects the company’s commitment to enhancing shareholder value.
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