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 a share buyback transaction on September 2, 2024. The company purchased 40,554 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £75.60 to £76.88, with an average price of £76.34 per share.
This purchase was made in accordance with shareholder authority 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 159,687,914 ordinary shares in issue, excluding 7,006,782 held in treasury.
The buyback demonstrates IHG's commitment to managing its capital structure and potentially enhancing shareholder value. Investors should note that such actions may impact the company's stock price and financial position.
InterContinental Hotels Group PLC (IHG) announced the purchase of 10,000 of its ordinary shares on August 28, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £75.0600 to £75.6000, with an average price of £75.4063 per share. This transaction was conducted in accordance with shareholder authorization granted at the Company's Annual General Meeting on May 3, 2024.
Following this purchase, IHG has 159,728,468 ordinary shares in issue (excluding 7,006,782 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 purchase of 10,000 of its ordinary shares on August 22, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £74.38 to £75.00, with an average price of £74.6549 per share. This transaction was executed under the authority granted by shareholders at the Company's Annual General Meeting on May 3, 2024. Following this purchase, IHG has 159,758,468 ordinary shares in issue (excluding 7,006,782 held in treasury). The company intends to cancel the purchased shares.
On August 21, 2024, InterContinental Hotels Group PLC (IHG) purchased 10,000 ordinary shares at prices ranging from £74.3600 to £75.0200, averaging £74.7375 per share, through Goldman Sachs International on the London Stock Exchange. This buyback follows authorizations granted at the Company’s Annual General Meeting on May 3, 2024. Post-purchase, the company will cancel these shares, reducing its share count to 159,768,468 ordinary shares, excluding 7,006,782 in treasury.
InterContinental Hotels Group PLC (IHG) announced a share buyback on August 20, 2024.
On August 19, 2024, IHG repurchased 10,000 ordinary shares at an average price of £74.5811 per share through Goldman Sachs International on the London Stock Exchange.
Details include:
- Lowest price: £74.0600
- Highest price: £74.9800
These shares will be canceled, reducing the total outstanding shares to 159,788,468, excluding 7,006,782 shares held in treasury.
The repurchase followed shareholder approval at the Annual General Meeting on May 3, 2024 and instructions issued on February 20, 2024.
For more 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 share buyback transaction on August 15, 2024. The company purchased 39,943 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £73.12 to £75.00, with an average price of £74.3444 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 the company on February 20, 2024. IHG intends to cancel the purchased shares. After this transaction, the company has 159,808,468 ordinary shares in issue, excluding 7,006,782 held in treasury.
IHG Hotels & Resorts, the official hotel partner of the US Open Tennis Championships, is launching the 'IHG Rally Room' inspired by the debate over the color of tennis balls. This unique suite, available at Kimpton Hotel Eventi in New York City and Hotel Indigo Atlanta Downtown, is split into green and yellow halves, reflecting the divided opinions on tennis ball color. IHG's survey found 56% of Americans believe tennis balls are yellow, while 44% think they're green.
The company is also hosting the Grand Slam Social event featuring DJ Mark Ronson and offering exclusive experiences for IHG One Rewards members at the US Open. These initiatives showcase IHG's expanding luxury & lifestyle brand portfolio and commitment to providing unique guest experiences.
InterContinental Hotels Group PLC (IHG) has announced a share buyback transaction conducted on August 13, 2024. The company purchased 59,552 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £71.64 to £72.82, with an average price of £72.3469 per share.
This purchase is part of a previously announced share buyback program and was executed in accordance with shareholder authority granted at the Annual General Meeting on May 3, 2024. Following this transaction, IHG has 159,868,068 ordinary shares in issue, excluding 7,006,782 held in treasury. The company intends to cancel the purchased shares.
InterContinental Hotels Group PLC (IHG) has announced a share buyback transaction on August 9, 2024. The company purchased 44,774 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £72.12 to £73.08, with an average price of £72.6550 per share. This buyback is part of a program announced on February 20, 2024, and authorized by shareholders at the Annual General Meeting on May 3, 2024.
IHG intends to cancel the purchased shares. Following this transaction, the company has 160,019,543 ordinary shares in issue, excluding 7,006,782 held in treasury. The buyback demonstrates IHG's commitment to managing its capital structure and potentially enhancing shareholder value.
InterContinental Hotels Group PLC (IHG) announced a share buyback transaction on August 7, 2024. The company purchased 157,543 ordinary shares through Goldman Sachs International on the London Stock Exchange. The average price paid per share was £72.8064, with the lowest price at £72.2600 and the highest at £73.5200.
This purchase was made in accordance with shareholder authorization from 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 160,158,558 ordinary shares in issue, excluding 7,006,782 held in treasury.
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