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InterContinental Hotels Group PLC - IHG STOCK NEWS

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.

Rhea-AI Summary

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).

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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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InterContinental Hotels Group PLC (IHG) announced a share repurchase on 16 July 2024.

The company bought 20,000 ordinary shares at prices between £83.56 and £85.40, averaging £84.5618 per share. Goldman Sachs International facilitated the transactions on the London Stock Exchange.

The repurchase follows shareholder approval granted at the Annual General Meeting on 3 May 2024 and instructions issued on 20 February 2024.

Post-transaction, IHG holds 161,313,920 ordinary shares in issue, excluding 7,006,782 held in treasury, and intends to cancel the purchased shares.

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On July 12, 2024, InterContinental Hotels Group (IHG) announced the repurchase of 20,000 of its ordinary shares on July 11, 2024, via Goldman Sachs International on the London Stock Exchange.

The buyback, authorized by shareholders at the company's May 3, 2024, Annual General Meeting, saw shares bought at prices ranging from £81.68 to £83.10, with an average price of £82.8359 per share.

Following the transaction, IHG intends to cancel the repurchased shares, reducing the total number of issued shares to 161,367,225, excluding 7,006,782 shares held in treasury.

The transaction details, including specific times and prices, were disclosed to ensure transparency.

For further information, Investor Relations contacts Stuart Ford, Aleksandar Milenkovic, and Joe Simpson, and Media Relations contact Mike Ward were provided.

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InterContinental Hotels Group PLC (IHG) announced the repurchase of 19,839 of its ordinary shares on 09 July 2024, through Goldman Sachs International on the London Stock Exchange. The repurchase, authorized by shareholders at the Annual General Meeting on 3 May 2024, featured prices ranging from £80.98 to £82.34 per share, with an average price of £81.5018 per share. Following this transaction, IHG's issued share count stands at 161,439,270, excluding 7,006,782 shares held in treasury. The company plans to cancel the repurchased shares.

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On July 5, 2024, InterContinental Hotels Group PLC (IHG) announced the repurchase of 15,337 of its own ordinary shares through Goldman Sachs International on the London Stock Exchange. The transaction, carried out on July 4, 2024, saw purchase prices ranging from £82.48 to £83.04 per share, with an average price of £82.71 per share. This buyback follows the authorization given at IHG's Annual General Meeting on May 3, 2024. The purchased shares, intended for cancellation, leave IHG with 161,485,298 ordinary shares in issue, excluding 7,006,782 shares held in treasury. For further details, contact Investor Relations representatives Stuart Ford (+44 7823 828 739), Aleksandar Milenkovic (+44 7469 905 720), or Joe Simpson (+44 7976 862 072), or Media Relations representative Mike Ward (+44 7795 257 407).

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InterContinental Hotels Group PLC (IHG) announced that on July 1, 2024, it repurchased 42,003 of its ordinary shares through Goldman Sachs International (GSI) on the London Stock Exchange. The shares were bought at prices ranging from £80.7800 to £83.6400, with an average price of £81.7821 per share. This transaction was conducted in accordance with the authority granted by shareholders during the Annual General Meeting on May 3, 2024. Following this buyback, IHG intends to cancel the purchased shares, resulting in a total of 161,546,765 ordinary shares in issue, excluding 7,006,782 shares held in treasury. For further inquiries, contact Investor Relations: Stuart Ford (+44 7823 828 739), Aleksandar Milenkovic (+44 7469 905 720), or Joe Simpson (+44 7976 862 072). Media Relations contact: Mike Ward (+44 7795 257 407).

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InterContinental Hotels Group PLC (IHG) announced the repurchase of 10,000 of its ordinary shares on June 27, 2024, through Goldman Sachs International (GSI) on the London Stock Exchange. Share prices during the transaction ranged from £82.84 to £83.36, with an average price of £83.0787. This repurchase follows the authorization granted at the Annual General Meeting on May 3, 2024, and instructions issued on February 20, 2024. The company intends to cancel the repurchased shares, reducing the total number of shares in issue to 161,598,768 (excluding 7,006,782 shares held in treasury). Detailed transaction data is available, reflecting various purchase timings and prices. Investors and media can reach out to Stuart Ford, Aleksandar Milenkovic, Joe Simpson, or Mike Ward for further inquiries.

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On June 26, 2024, InterContinental Hotels Group PLC (IHG) announced the purchase of 18,399 of its ordinary shares at prices ranging from £82.68 to £83.86, with an average of £83.30 per share. The transaction, conducted on June 25, 2024, through Goldman Sachs International, followed instructions issued on February 20, 2024, and was authorized by shareholders during the Annual General Meeting on May 3, 2024. IHG intends to cancel the repurchased shares, reducing its number of shares in issue to 161,628,752, excluding 7,006,782 shares held in treasury. Detailed transaction data, including individual purchase times, prices, and trading venues, was disclosed in the announcement.

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InterContinental Hotels Group PLC (IHG) announced the repurchase of 20,000 ordinary shares on June 21, 2024. The shares were acquired at prices ranging from £82.10 to £82.94, with an average price of £82.57 per share. This transaction was conducted through Goldman Sachs International on the London Stock Exchange, following authorization from shareholders at the Annual General Meeting on May 3, 2024. IHG plans to cancel these shares, reducing the number of shares in issue to 161,667,045 (excluding 7,006,782 held in treasury). This buyback is part of a strategy to return value to shareholders.

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FAQ

What is InterContinental Hotels Group PLC?

InterContinental Hotels Group PLC (IHG) is a British multinational hospitality company operating 946,000 rooms across 19 brands, from midscale to luxury segments.

What are the key brands under IHG?

Key brands under IHG include Holiday Inn, Holiday Inn Express, Kimpton, Hotel Indigo, Even, Hualuxe, and Voco.

Where is IHG headquartered?

IHG is headquartered in Denham, Buckinghamshire, England.

What recent collaborations has IHG undertaken?

IHG recently collaborated with Carly Rae Jepsen for a unique Lollapalooza hotel suite experience and partnered with the US Open Tennis Championships for exclusive fan experiences.

How does IHG primarily operate its hotels?

IHG primarily operates its hotels through a managed and franchised model, representing 99% of their total rooms.

What recent technological advancements has IHG made?

IHG has launched an innovative mobile app, IHG One Rewards, with advanced features for booking and guest engagement. They also partnered with Google Cloud to introduce an AI-powered travel planner.

What is the IHG One Rewards program?

IHG One Rewards is one of the world's largest hotel loyalty programs, offering members exclusive benefits and the ability to earn and redeem points across IHG's extensive portfolio.

What are IHG's upcoming expansion plans?

IHG plans significant expansion in the luxury and lifestyle segments, with new openings in Mexico, Latin America, and the Caribbean, including new Six Senses, Kimpton, and Vignette Collection properties.

How many hotels does IHG have globally?

IHG has over 6,200 open hotels in more than 100 countries, with nearly 2,000 properties in the development pipeline.

What is IHG's commitment to hospitality?

IHG is committed to providing 'True Hospitality for Good,' focusing on exceptional guest experiences, technological innovation, and strategic growth in the hospitality industry.

InterContinental Hotels Group PLC

NYSE:IHG

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17.19B
161.31M
0.01%
7.77%
0.19%
Hotels (except Casino Hotels) and Motels
Accommodation and Food Services
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United States of America
Denham