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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.
On October 20, 2022, InterContinental Hotels Group PLC purchased 58,000 ordinary shares at an average price of £45.6805 through Goldman Sachs International on the London Stock Exchange. This share buyback aligns with the authority granted by shareholders during the AGM on May 6, 2022. Following this transaction, the company has 178,367,417 ordinary shares outstanding. The purchased shares are set for cancellation, reducing the total shares in circulation and potentially increasing value for remaining shareholders.
InterContinental Hotels Group completed the purchase of 35,000 ordinary shares on October 19, 2022, through Goldman Sachs International, adhering to shareholder authority from the May 2022 AGM. The average price paid per share was £45.4376, with the lowest and highest prices at £45.2500 and £45.7800, respectively. The acquired shares will be canceled, reducing the total shares in circulation to 178,425,417. This buyback aims to enhance shareholder value by consolidating ownership.
On October 18, 2022, InterContinental Hotels Group PLC purchased 36,320 of its own ordinary shares through Goldman Sachs International, with an average price of £46.0310 per share. This transaction was conducted under the authority granted by shareholders at the AGM on May 6, 2022. Following this purchase, the company has 178,460,417 ordinary shares outstanding, excluding treasury shares. The company plans to cancel the acquired shares, impacting the overall share count and potentially enhancing shareholder value.
InterContinental Hotels Group PLC (NYSE:IHG) announced the purchase of 295,318 ordinary shares on October 14, 2022. This repurchase was conducted via Goldman Sachs International and follows the authority granted at the Annual General Meeting on May 6, 2022. The shares were bought at an average price of £44.7353, with the highest and lowest prices being £45.1900 and £44.2600 respectively. The company plans to cancel these shares, resulting in 8,156,782 treasury shares and 178,813,264 shares in issue.
InterContinental Hotels Group announced the purchase of 7,000 ordinary shares at an average price of £44.7303 on October 6, 2022, through Goldman Sachs International. The transaction was authorized by shareholders during the AGM on May 6, 2022. Post-purchase, the company holds 8,032,401 shares in treasury and has 179,685,319 shares in issue. This buyback aligns with the company's strategy to manage its share capital.
InterContinental Hotels Group announced the purchase of 110,690 ordinary shares on October 5, 2022, through Goldman Sachs International on the London Stock Exchange. This action follows the authority granted by shareholders during the Annual General Meeting on May 6, 2022. Shares were purchased at an average price of £44.5339, with a lowest price of £44.2700 and a highest price of £44.8600. Post-transaction, the company holds 8,025,401 shares in treasury and 179,692,319 shares issued (excluding treasury shares).
InterContinental Hotels Group announced the purchase of 114,026 ordinary shares at an average price of £44.9349 on October 4, 2022. This acquisition aligns with the authority granted by shareholders during the Annual General Meeting held on May 6, 2022. Following this transaction, the company holds a total of 7,914,711 shares in treasury, leaving 179,803,009 shares in issue. The purchase was executed by Goldman Sachs International on the London Stock Exchange.
InterContinental Hotels Group announced the purchase of 118,611 ordinary shares at an average price of £43.1881 each on October 3, 2022, through Goldman Sachs International. This buyback, authorized by shareholders on May 6, 2022, aims to bolster the company's capital structure. Following this transaction, IHG holds 7,800,685 shares in treasury, with a total of 179,917,035 shares issued. The purchase reflects the company's strategy to manage its share capital effectively and maximize shareholder value.
InterContinental Hotels Group announced the purchase of 29,979 ordinary shares on 30 September 2022, conducted through Goldman Sachs International. This transaction aligns with the authority granted by shareholders during the Annual General Meeting on 6 May 2022. The shares were bought at an average price of £43.6729 each, with the lowest and highest prices being £43.1600 and £44.2800, respectively. The purchased shares will be held in treasury, increasing total treasury shares to 7,682,074 out of 180,035,646 shares issued.
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