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 the purchase of 9,905 of its ordinary shares on September 30, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £81.2600 to £84.0400, with an average price of £82.4391 per share. This purchase was made in accordance with the authority granted by shareholders at the Company's Annual General Meeting on May 3, 2024.
Following this transaction, IHG has 159,336,100 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares. This share buyback is part of IHG's ongoing capital management strategy.
InterContinental Hotels Group PLC (IHG) announced the repurchase of 15,000 ordinary shares on 26 September 2024.
These shares were acquired through Goldman Sachs International (GSI) on the London Stock Exchange as authorized by shareholders on 3 May 2024. The purchase prices ranged from £82.0200 to £83.3400, with an average price of £82.6141 per share.
Following this transaction, IHG has 159,351,005 ordinary shares in issue, excluding 6,956,782 shares held in treasury. The company plans to cancel the repurchased shares.
Enquiries can be directed to Investor Relations: Stuart Ford (+44 (0)7823 828 739), Joe Simpson (+44 (0)7976 862 072), and Media Relations: Mike Ward (+44 (0)7795 257 407).
InterContinental Hotels Group PLC (IHG) announced the purchase of 15,000 of its ordinary shares on September 24, 2024 through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £80.82 to £82.20, with an average price of £81.5034 per share.
This purchase was made in accordance with shareholder authorization granted at IHG's Annual General Meeting on May 3, 2024. The company intends to cancel the purchased shares. Following this transaction, IHG has 159,380,765 ordinary shares in issue (excluding 6,956,782 held in treasury).
The press release includes a detailed breakdown of the individual purchases, including transaction dates, times, volumes, and prices for each trade executed on the London Stock Exchange.
Holiday Inn Express, an IHG Hotels & Resorts brand, has partnered with designer Mr. Eatwell to launch a custom streetwear collection called 'Pancakesuits' ahead of National Pancake Day on Sept. 26. The breakfast-inspired line includes a run with a hidden warming pocket designed for guests on the move. Each purchase of the set with the warming pocket comes with a bonus 50,000 IHG One Rewards points, redeemable for a one-night stay at most Holiday Inn Express hotels.
The collection features hoodie and crewneck styles in plush, cozy fabric, available for purchase via MrEatwell.com. On National Pancake Day, customers can use code PANCAKEMYDAY to receive 50 percent off their purchase. Adult sizes are priced at $99, with kid sizes at $50. The collaboration celebrates Holiday Inn Express's popular breakfast offering, which serves 28 million pancakes annually across U.S. and Canada locations.
InterContinental Hotels Group PLC (IHG) announced the purchase of its own shares on 19 September 2024, as per the authority granted by shareholders at the Annual General Meeting on 3 May 2024. The company purchased 15,000 ordinary shares at prices ranging from £80.0800 to £80.8600, with an average price of £80.4964. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this transaction, IHG has 159,425,765 ordinary shares in issue, excluding 6,956,782 shares held in treasury. The company intends to cancel the purchased shares. For further details, contact Investor Relations (Stuart Ford and Joe Simpson) or Media Relations (Mike Ward).
InterContinental Hotels Group PLC (IHG) announced it purchased 15,000 ordinary shares on September 17, 2024, through Goldman Sachs International (GSI) on the London Stock Exchange. The shares were bought at prices ranging from £78.70 to £79.24, with a volume-weighted average price of £78.9447 per share. This buyback is part of the authority granted by shareholders at the Annual General Meeting on May 3, 2024, and follows instructions issued by the company on February 20, 2024.
Post-transaction, IHG has 159,455,696 ordinary shares in issue excluding 6,956,782 shares held in treasury. The company intends to cancel the purchased shares.
For further information, contact Investor Relations: Stuart Ford (+44 (0)7823 828 739), Aleksandar Milenkovic (+44 (0)7469 905 720), Joe Simpson (+44 (0)7976 862 072) or Media Relations: Mike Ward (+44 (0)7795 257 407).
InterContinental Hotels Group PLC (IHG) announced a buyback of 29,381 ordinary shares on September 12, 2024.
The transaction was carried out through Goldman Sachs International on the London Stock Exchange, following the authority granted at the Annual General Meeting on May 3, 2024. The shares were purchased at prices ranging from £76.46 to £77.54, with an average price of £77.21 per share. The company plans to cancel these purchased shares, reducing the total number of shares in issue to 159,500,696, excluding 6,956,782 treasury shares.
This buyback aligns with instructions issued by the company on February 20, 2024.
For further details, investors can contact Stuart Ford, Aleksandar Milenkovic, or Joe Simpson, and media inquiries can be directed to Mike Ward.
InterContinental Hotels Group PLC (IHG) announced the purchase of 38,484 ordinary shares on September 10, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £75.84 to £77.02, with an average price of £76.5254 per share. This transaction was conducted as part of the company's share repurchase program, authorized by shareholders at the Annual General Meeting on May 3, 2024.
Following this purchase, IHG now has 159,589,240 ordinary shares in issue, excluding 6,956,782 shares held in treasury. The company intends to cancel the purchased shares. This move is likely part of IHG's strategy to manage its capital structure and potentially increase shareholder value.
InterContinental Hotels Group PLC announced on September 6, 2024, that it purchased 17,937 ordinary shares on September 5, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase followed shareholder authority granted on May 3, 2024. The lowest price paid per share was £74.62, the highest was £75.66, and the average price was £75.19. The company plans to cancel these shares. After this transaction, IHG has 159,634,408 ordinary shares in issue, excluding 7,006,782 held in treasury. Detailed transactions were conducted between 10:04:03 BST and 17:24:31 BST on the same day. For further enquiries, contact Investor Relations: Stuart Ford (+44 7823 828 739), Aleksandar Milenkovic (+44 7469 905 720), Joe Simpson (+44 7976 862 072); Media Relations: Mike Ward (+44 7795 257 407).
InterContinental Hotels Group PLC (IHG) has announced a share buyback transaction on September 3, 2024. The company purchased 20,000 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £75.76 to £77.42, with an average price of £76.2660 per share.
This purchase was made in accordance with shareholder authorization granted at the 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. After this transaction, IHG has 159,667,914 ordinary shares in issue, excluding 7,006,782 held in treasury.
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?
