InterContinental Hotels Stock Price, News & Analysis

InterContinental Hotels Group (IHG) announced the purchase of 40,000 of its ordinary shares on June 5, 2024, through Goldman Sachs International on the London Stock Exchange. This transaction was authorized by the shareholders at the AGM on May 3, 2024. The shares were bought at a lowest price of £79.84 and a highest price of £80.60, with an average price of £80.2614. Following this transaction, IHG intends to cancel the purchased shares, resulting in 161,970,741 ordinary shares in issue, excluding 7,006,782 shares held in treasury.

InterContinental Hotels Group (IHG) announced the purchase of 19,789 ordinary shares on June 3, 2024, at a price range of £78.96 to £80.46 per share, averaging £79.54. This action follows the authority granted at the Annual General Meeting on May 3, 2024, and the company's February 20, 2024, instructions. Post-transaction, IHG has 162,054,528 shares outstanding, excluding 7,006,782 treasury shares. The purchased shares will be canceled. The transaction was executed by Goldman Sachs International on the London Stock Exchange.

InterContinental Hotels Group PLC (IHG) announced the purchase of 39,491 ordinary shares on May 31, 2024, on the London Stock Exchange.

The shares were acquired at prices ranging from £77.5400 to £78.6400, with an average price of £78.3028 per share.

The transaction follows the authority granted by shareholders during the company's Annual General Meeting on May 3, 2024, and instructions issued on February 20, 2024.

Post-transaction, IHG has 162,074,317 ordinary shares in issue, excluding 7,006,782 held in treasury.

The company intends to cancel the purchased shares.

IHG Hotels & Resorts has announced significant growth in its luxury and lifestyle offerings in Mexico, Latin America, and the Caribbean, with five new openings in 2024 and 32 properties in the pipeline. The expansion includes brands like Six Senses, InterContinental, Kimpton, Vignette Collection, and Hotel Indigo. Six Senses debuted in Grenada and plans additional openings in Grand Bahama and Xala by 2026. InterContinental will open in Monterrey, Mexico, in late 2024 and Grenada in 2025. Kimpton launched properties in Roatán, Mexico City, and Todos Santos, with future openings in Santo Domingo and Riviera Maya. The Vignette Collection will enter the Yucatán Peninsula in 2025. Hotel Indigo launched in Grand Cayman, La Paz, with Tijuana expected later this year. IHG also announced three resort signings in Turks & Caicos, marking its debut on the island.

InterContinental Hotels Group PLC (IHG) announced the purchase of 39,315 of its ordinary shares on May 29, 2024. The transaction, conducted through Goldman Sachs International, follows shareholder authorization from the AGM held on May 3, 2024. The shares were bought on the London Stock Exchange at prices ranging from £76.80 to £78.24, with an average price of £77.27. The total number of shares now stands at 162,153,511, excluding 7,006,782 treasury shares. The company plans to cancel the purchased shares.

IHG Hotels & Resorts has partnered with Pickle, a peer-to-peer fashion rental marketplace, to launch 'The Festival Closet'. This collaboration offers festivalgoers complimentary fashion rentals through the Pickle app or at a pop-up showroom at Hotel Indigo Lower East Side New York. The service will be available from May 29, 2024, to June 9, 2024, and again from July 27, 2024, to August 4, 2024.

Guests can rent curated festival outfits, including items from brands like Chanel and Cult Gaia, for free, promoting sustainable fashion. The initiative also allows IHG One Rewards members to redeem points for exclusive festival experiences. Additionally, an invitation-only event will be held on June 1, 2024, at Mr. Purple in NYC.

On May 29, 2024, InterContinental Hotels Group (IHG) announced the purchase of 37,503 of its ordinary shares at an average price of £78.4434 per share. The transaction, conducted through Goldman Sachs International (GSI) on May 28, 2024, follows the authority granted at the Annual General Meeting on May 3, 2024. The company intends to cancel the purchased shares, reducing the total number of shares in issue to 162,192,826, excluding 7,006,782 treasury shares.

InterContinental Hotels Group (IHG) announced the repurchase of 36,078 ordinary shares on May 23, 2024, through Goldman Sachs International, as part of a shareholder-approved buyback plan. The shares were bought at prices ranging from £78.70 to £79.50, with an average price of £79.059 per share. Post-transaction, IHG's total shares in issue stand at 162,270,185, excluding 7,006,782 treasury shares. The repurchased shares will be canceled, reducing the company's share count and potentially increasing shareholder value. This move follows a February 20, 2024, directive, reaffirmed at the May 3, 2024, Annual General Meeting.

InterContinental Hotels Group (IHG) announced the repurchase of 60,000 of its ordinary shares on May 22, 2024, through Goldman Sachs International. The shares were bought at prices ranging from £77.60 to £78.56, averaging £78.08 per share.

The buyback was conducted under the authority granted at the Annual General Meeting on May 3, 2024.

Following this transaction, IHG has a total of 162,306,263 ordinary shares in issue, excluding 7,006,782 shares held in treasury.