Welcome to our dedicated page for InterContinental Hotels news (Ticker: IHG), a resource for investors and traders seeking the latest updates and insights on InterContinental Hotels stock.
IHG Hotels & Resorts (IHG) operates one of the world's most diverse hospitality portfolios, spanning 19 brands across 100+ countries. This news hub provides investors and industry professionals with essential updates on strategic initiatives, financial performance, and market developments.
Track IHG's latest press releases covering earnings reports, property expansions, technology partnerships like its Google Cloud collaboration, and sustainability efforts. Our curated collection offers insights into leadership changes, brand innovations such as the IHG One Rewards program enhancements, and global market entries.
Bookmark this page for real-time updates on IHG's asset-light growth strategy, franchising opportunities, and digital transformation projects shaping modern hospitality. Stay informed about operational milestones through verified announcements directly from the company and trusted financial analysts.
On June 8, 2022, IHG Hotels & Resorts celebrated the milestone of 6,000 open hotels worldwide by launching the '6,000 Club' and announcing new partnerships for its IHG One Rewards program. The company has expanded its portfolio to 17 brands over the last five years, with a growth target of 30%. These partnerships will enhance member experiences at major sports and music events, creating unique opportunities. CEO Keith Barr emphasized collaboration with owners and guests, highlighting over 1,800 hotels in the development pipeline.
InterContinental Hotels & Resorts, part of IHG, has partnered with artist Claire Luxton to launch immersive experiences in exclusive suites at their hotels in London, New York, and Dubai. These suites, inspired by Luxton's travels, include bespoke artwork and sensory experiences like curated mini bars and drawn baths, reflecting the brand's heritage and global elegance. Available for booking until mid-July at $1,750 per night, this initiative celebrates the brand's 75th anniversary, highlighting InterContinental's commitment to luxury accommodations and unique guest experiences.
IHG Hotels & Resorts is expanding its premium brand, voco hotels, in the U.S. with the introduction of unique Turn Up Service rooms in New York City. The limited-edition rooms will offer a personalized hotel experience, featuring dedicated VIP check-in, craft cocktails, lavender-infused chocolates, and more. The initiative stems from a survey indicating that 59% of American travelers prioritize friendly service post-pandemic. With several voco hotels already in operation, IHG is set to continue its rapid expansion across key U.S. markets.
Service Properties Trust (SVC) reported a net loss of $(119.8) million or $(0.73) per share for Q1 2022, an improvement from $(195.0) million or $(1.19) per share in Q1 2021. Normalized FFO was $(3.4) million, improving from $(42.0) million a year earlier. Adjusted EBITDAre increased 85.1% to $90.1 million. Comparable RevPAR showed a marked recovery from 37.3% below 2019 levels in January to 25.7% in March 2022. The company has executed hotel sales valued at $539.3 million, enhancing liquidity as it navigates upcoming debt maturities.
IHG Hotels & Resorts has partnered with Medallia, Inc. to utilize the Medallia Zingle intelligent messaging platform across nearly 6,000 hotels in over 100 countries. This collaboration aims to enhance guest engagement through real-time two-way messaging. Since 2014, Medallia has supported IHG with its guest survey program. With Zingle, guests can communicate via SMS, in-app, web chat, or social media, allowing IHG staff to respond efficiently to guest requests, ultimately improving service quality and revenue opportunities amidst the industry's labor challenges.
IHG Hotels & Resorts has launched the IHG One Rewards, a revamped global loyalty program aimed at enhancing guest experiences. With nearly 6,000 hotels across 100+ countries, the new program offers a faster tier and bonus point structure, allowing members to earn rewards sooner. Key benefits include complimentary breakfast for Diamond Elite members, exclusive promotions, and technology-enhanced options for personalized rewards. The initiative represents IHG's significant investment in loyalty, backed by feedback from travelers and designed to cater to individual preferences.
IHG Hotels & Resorts has selected Kipsu as a preferred vendor for messaging solutions across its portfolio of over 6,000 hotels in 100+ countries. This partnership aims to enhance guest engagement, improve review scores, and increase staff efficiency. With more than 3,000 hotel teams already using Kipsu's platform, IHG will benefit from custom integrations and dedicated support. Kipsu enables hotel teams to manage guest requests efficiently through digital channels, enhancing the overall guest experience.
On March 30, 2022, IHG Hotels & Resorts launched the world’s first Atwell Suites in Miami's Brickell neighborhood. This 90-room all-suite hotel emphasizes flexible spaces for both business and leisure, featuring modern design and amenities to enhance guest experience. Positioned near popular attractions, Atwell Suites aims to address the growing demand for stylish, extended-stay accommodations. The brand plans to expand, with 22 additional hotels in development across the U.S., including properties in Denver and Austin.
Chase and IHG Hotels & Resorts unveiled the IHG Rewards Premier Business Mastercard featuring up to 140,000 bonus points for new cardmembers. This business card optimizes rewards for everyday expenses, offering 5X points on travel and gas, among other categories. Enhanced benefits across IHG's consumer cards were also announced, including 3X points on utilities and dining. The consumer cards provide a simplified path to elite status with added benefits such as anniversary free nights and bonus points, improving customer engagement and loyalty.
Expedia Group and IHG Hotels & Resorts have partnered to enhance wholesale distribution via Expedia’s Optimized Distribution Preferred program. This collaboration aims to streamline IHG's rate management, reducing distribution costs while increasing revenue opportunities. The program addresses inefficiencies in the wholesale market, connecting hotels with B2B demand partners, including travel agents and operators. IHG’s Chief Commercial Officer highlighted the partnership’s potential for improved revenue management and cost savings, emphasizing added value for hotel owners.
