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 PLC (IHG) announced on October 17, 2024, that it purchased 1,000 of its ordinary shares on October 16, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.
Key details of the transaction include:
- Lowest price paid per share: £85.2200
- Highest price paid per share: £85.9000
- Average price paid per share: £85.5013
IHG intends to cancel the purchased shares. Following this transaction, the Company has 159,234,452 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was part of instructions issued by the Company on February 20, 2024.
InterContinental Hotels Group PLC (IHG) announced on October 16, 2024, that it purchased 1,000 of its ordinary shares on October 15, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.
Key details of the transaction include:
- Lowest price paid per share: £84.1800
- Highest price paid per share: £85.6800
- Average price paid per share: £84.8137
Following this transaction, IHG has 159,235,452 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares.
InterContinental Hotels Group PLC announced that on 14 October 2024, it purchased 10,000 of its ordinary shares at an average price of £84.6255 per share, through Goldman Sachs International on the London Stock Exchange. The lowest price paid per share was £84.1800, while the highest was £84.8600. The shares were bought under the authority granted by the shareholders at the Annual General Meeting on 3 May 2024, following instructions issued by the Company on 20 February 2024.
The Company intends to cancel the purchased shares, resulting in a total of 159,236,452 ordinary shares in issue, excluding 6,956,782 held in treasury. For further details, contact Investor Relations (Stuart Ford, Joe Simpson) or Media Relations (Mike Ward).
InterContinental Hotels Group PLC (NYSE:IHG) announced the repurchase of 10,000 ordinary shares on October 11, 2024. The shares were bought at prices ranging from £83.32 to £84.54, with an average price of £84.0683 per share. The repurchase was conducted through Goldman Sachs International on the London Stock Exchange, following the authority granted at the Annual General Meeting on May 3, 2024.
The company plans to cancel the repurchased shares. After this transaction, IHG has 159,246,452 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
For further details, contact Investor Relations: Stuart Ford (+44 (0)7823 828 739) or Joe Simpson (+44 (0)7976 862 072), and Media Relations: Mike Ward (+44 (0)7795 257 407).
On October 11, 2024, InterContinental Hotels Group PLC (IHG) announced the purchase of 10,000 of its ordinary shares at prices ranging from £83.82 to £84.36 per share, with an average price of £84.1479. This transaction was conducted on the London Stock Exchange through Goldman Sachs International, following shareholder approval at the Annual General Meeting on May 3, 2024. The purchased shares will be canceled, reducing the total number of shares in issue to 159,256,452, excluding 6,956,782 shares held in treasury. Detailed information about the individual transactions is available. For further inquiries, contact Investor Relations or Media Relations at IHG.
InterContinental Hotels Group PLC (IHG) announced the purchase of 9,832 ordinary shares on October 9, 2024, through Goldman Sachs International on the London Stock Exchange. The shares, with ISIN GB00BHJYC057, were bought at prices ranging from £83.5800 to £84.6400, with an average price of £84.1515 per share. The company intends to cancel these shares, reducing the total number of ordinary shares in issue to 159,266,452, excluding 6,956,782 held in treasury. The purchase was authorized at the Annual General Meeting on May 3, 2024, and instructed on February 20, 2024. Detailed transaction information is provided, including prices, volumes, and trading venues.
InterContinental Hotels Group PLC announced a purchase of its own ordinary shares on October 8, 2024. The company bought 10,000 shares through Goldman Sachs International on the London Stock Exchange. The lowest price paid per share was £82.8200, the highest was £83.4800, and the average price was £83.2306. The shares will be canceled post-purchase. After this transaction, the company has 159,276,284 shares in issue, excluding 6,956,782 held in treasury. This move follows the shareholder authority granted at the Annual General Meeting on May 3, 2024, and instructions issued on February 20, 2024.
InterContinental Hotels Group PLC (IHG) announced the purchase of 9,898 of its ordinary shares on October 7, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £82.72 to £84.06, with an average price of £83.5555 per share.
This share buyback was conducted in accordance with the authority granted by shareholders at the Company's Annual General Meeting on May 3, 2024, and follows instructions issued by IHG on February 20, 2024. The company intends to cancel the purchased shares.
Following this transaction, IHG has 159,286,284 ordinary shares in issue, excluding 6,956,782 held in treasury. The purchase is part of IHG's ongoing capital management strategy.
InterContinental Hotels Group PLC (NYSE:IHG)(LSE:IHG) announced the purchase of 10,000 of its ordinary shares on October 4, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £81.58 to £83.50, with an average price of £82.7690 per share.
This share buyback was conducted in accordance with the authority granted by shareholders at the Company's Annual General Meeting on May 3, 2024. The company intends to cancel the purchased shares. Following this transaction, InterContinental Hotels Group has 159,296,182 ordinary shares in issue (excluding 6,956,782 held in treasury).
InterContinental Hotels Group PLC (IHG) announced the purchase of 10,000 of its ordinary shares on October 2, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024. The average price paid per share was £80.5068, with the lowest price at £79.8200 and the highest at £80.9000.
IHG intends to cancel the purchased shares. Following this transaction, the Company has 159,316,100 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was part of instructions issued by the Company on February 20, 2024.
FAQ
What is the current stock price of InterContinental Hotels Group Plc (IHG)?
What is the market cap of InterContinental Hotels Group Plc (IHG)?
What is InterContinental Hotels Group PLC?
What are the key brands under IHG?
Where is IHG headquartered?
What recent collaborations has IHG undertaken?
How does IHG primarily operate its hotels?
What recent technological advancements has IHG made?
What is the IHG One Rewards program?
What are IHG's upcoming expansion plans?
How many hotels does IHG have globally?
What is IHG's commitment to hospitality?
