Welcome to our dedicated page for InterContinental Hotels news (Ticker: IHG), a resource for investors and traders seeking the latest updates and insights on InterContinental Hotels stock.
IHG Hotels & Resorts (IHG) operates one of the world's most diverse hospitality portfolios, spanning 19 brands across 100+ countries. This news hub provides investors and industry professionals with essential updates on strategic initiatives, financial performance, and market developments.
Track IHG's latest press releases covering earnings reports, property expansions, technology partnerships like its Google Cloud collaboration, and sustainability efforts. Our curated collection offers insights into leadership changes, brand innovations such as the IHG One Rewards program enhancements, and global market entries.
Bookmark this page for real-time updates on IHG's asset-light growth strategy, franchising opportunities, and digital transformation projects shaping modern hospitality. Stay informed about operational milestones through verified announcements directly from the company and trusted financial analysts.
On March 1, 2023, Atlanta-based Revenue Analytics announced a strategic partnership with IHG Hotels & Resorts. This collaboration focuses on enhancing IHG's revenue management through the innovative N2Pricing™ software. The software aims to streamline pricing decisions and improve overall revenue management efficiency. Dax Cross, CEO of Revenue Analytics, expressed excitement over the partnership, emphasizing that N2Pricing provides unique capabilities not found in other systems. Dennis Corrigan from IHG highlighted the collaboration's goal of improving owner returns by equipping them with better tools for pricing decisions.
On February 22, 2023, IHG Hotels & Resorts and Polaris hosted an anti-trafficking forum in Atlanta, revealing findings from the National Survivor Study. The study highlighted staggering vulnerabilities among survivors, with 96% experiencing abuse and 83% facing poverty before trafficking. Post-exit, 75% of respondents needed behavioral or mental health support, and 43% earned under $25,000 annually. The event aimed to raise awareness and foster collaboration among officials and businesses to better support survivors. IHG emphasized its ongoing commitment to combat human trafficking through partnerships and training across its 4,300 hotels in the Americas.
IHG Hotels & Resorts has launched its first Vignette Collection hotel in the Americas, named Yours Truly DC, located in Washington, D.C., as of
Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts, announced the 2023 lineup for its Kimpton Off the Record concert series, featuring immersive live performances to foster community connections. Kicking off on February 23, the series includes five concerts across cities like Phoenix and New Orleans, showcasing diverse artists. Proceeds from ticket sales will benefit nonprofit partners, including the National Urban League. The concerts aim to celebrate cultural moments while enhancing guest experiences in new restaurant and event spaces. Additional performances in Charlottesville and Grand Cayman are planned for later in the year.
InterContinental Hotels Group PLC announced the purchase of 11,976 ordinary shares at an average price of £56.3491 on January 30, 2023, through Goldman Sachs International. This transaction was authorized by shareholders at the AGM on May 6, 2022. The shares will be canceled post-purchase, reducing the total number of ordinary shares in circulation to 175,399,858, excluding treasury shares. The highest price paid was £56.5800, and the lowest was £56.0400. This share buyback reflects the company's commitment to returning capital to shareholders.
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