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) has announced a significant share buyback transaction on August 5, 2024. The company purchased 160,000 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £72.52 to £74.10, with an average price of £73.3565 per share.
This purchase is part of a share buyback program authorized by shareholders at the Annual General Meeting on May 3, 2024. IHG intends to cancel the purchased shares, which will reduce the total number of ordinary shares in issue to 160,475,541 (excluding 7,006,782 held in treasury). The transaction was executed across multiple trading venues, including the London Stock Exchange, Cboe BXE, Cboe CXE, and Turquoise.
InterContinental Hotels Group PLC (IHG) has announced a significant transaction in its own shares on August 1, 2024. The company purchased 71,620 ordinary shares through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Annual General Meeting on May 3, 2024.
Key details of the transaction include:
- Lowest price paid per share: £76.1400
- Highest price paid per share: £78.4200
- Average price paid per share: £77.2797
IHG intends to cancel the purchased shares. Following this transaction, the company has 160,715,541 ordinary shares in issue, excluding 7,006,782 held in treasury. The purchase was part of instructions issued by IHG on February 20, 2024.
InterContinental Hotels Group PLC (IHG) has announced a transaction in its own shares on July 31, 2024. The company purchased 64,109 ordinary shares through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Annual General Meeting on May 3, 2024.
Key details of the transaction include:
- Lowest price paid per share: £77.4400
- Highest price paid per share: £81.2200
- Average price paid per share: £78.2564
IHG intends to cancel the purchased shares. Following this transaction, the company has 160,787,161 ordinary shares in issue, excluding 7,006,782 held in treasury. The purchase was part of instructions issued by IHG on February 20, 2024.
InterContinental Hotels Group PLC (IHG) has announced a transaction in its own shares on July 31, 2024. The company purchased 50,000 ordinary shares on July 30, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Annual General Meeting on May 3, 2024.
Key details of the transaction include:
- Lowest price paid per share: £80.1200
- Highest price paid per share: £81.4000
- Average price paid per share: £80.9945
Following this transaction, IHG has 160,851,270 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 significant share buyback transaction on July 26, 2024. The company purchased 26,971 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £79.0600 to £80.2200, with an average price of £79.8374 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, and follows instructions issued by IHG on February 20, 2024. The company intends to cancel the purchased shares. Following this transaction, IHG has 160,929,628 ordinary shares in issue, excluding 7,006,782 held in treasury.
InterContinental Hotels Group PLC (IHG) has announced a transaction in its own shares on July 24, 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 £80.86 to £83.18, with an average price of £81.8383 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, and follows instructions issued by IHG on February 20, 2024. The company intends to cancel the purchased shares. Following this transaction, IHG has 161,068,607 ordinary shares in issue, excluding 7,006,782 held in treasury.
InterContinental Hotels Group PLC (IHG) announced a share repurchase transaction on July 22, 2024. The company bought 72,521 ordinary shares through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Annual General Meeting on May 3, 2024.
Key details of the transaction:
- Lowest price paid per share: £81.0400
- Highest price paid per share: £82.0000
- Average price paid per share: £81.5441
IHG intends to cancel the purchased shares. Following this transaction, the company has 161,108,483 ordinary shares in issue (excluding 7,006,782 held in treasury). The purchase was part of instructions issued by IHG on February 20, 2024.
InterContinental Hotels Group PLC (IHG) announced a share buyback transaction on July 19, 2024. The company purchased 92,964 ordinary shares through Goldman Sachs International on the London Stock Exchange. The average price paid per share was £82.2676, with the lowest price at £81.1800 and the highest at £82.7000.
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 161,181,004 ordinary shares in issue, excluding 7,006,782 held in treasury.
The shares were purchased across multiple exchanges, including the London Stock Exchange, Cboe BXE, Cboe CXE, and Turquoise, with varying volumes and prices on each platform.
InterContinental Hotels Group PLC (IHG) announced a transaction in own shares on 19 July 2024. On 18 July 2024, the company repurchased 20,000 ordinary shares at an average price of £82.4885 per share through Goldman Sachs International on the London Stock Exchange. The lowest price paid per share was £82.0000, and the highest was £82.8800. The repurchased shares will be canceled. After this transaction, IHG has 161,273,968 ordinary shares in issue, excluding 7,006,782 shares held in treasury. This buyback was authorized by shareholders at the Annual General Meeting on 3 May 2024 and was initiated based on instructions issued on 20 February 2024.
For more details, investors can contact IHG's Investor Relations (Stuart Ford, Aleksandar Milenkovic, Joe Simpson) or Media Relations (Mike Ward).
IHG Hotels & Resorts has launched the Low Carbon Pioneers programme, an industry-first initiative featuring energy-efficient hotels with no on-site fossil fuel combustion and renewable energy backing. The program aims to test, learn, and share sustainability findings, inspiring broader adoption of carbon reduction practices across IHG's estate.
The first Low Carbon Pioneer hotels include properties in Spain and Hungary, featuring sustainable solutions like high-efficiency heat pumps and fully electric kitchens. Each hotel will have an operational sustainability certification recognized by the Global Sustainable Tourism Council. IHG plans to expand the program across all regions and is developing a "low-carbon ready" group of hotels.
CEO Elie Maalouf emphasizes the need for broader government support to accelerate industry-wide change, including increased access to renewable energy and incentives for hotel owners. The program aims to future-proof properties, meet evolving guest expectations, and align with corporate clients' sustainability goals.
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