InterContinental Hotels Stock Price, News & Analysis

On March 23, 2021, IHG Hotels & Resorts announced the transformation of the Crowne Plaza brand, enhancing the experience for modern business travelers. Collaborating with hotel owners, the brand introduced renovated properties showcasing innovative designs and features like the Plaza Workspace for productivity and WorkLife Rooms for comfort. Notably, over a third of Crowne Plaza hotels in the Americas have undergone renovations since 2016. The brand continues to expand globally, with nearly 430 hotels currently open and 89 in the pipeline.

IHG Hotels & Resorts launched its enhanced Meet with Confidence program in 2020, supporting the transition to hybrid events. The initiative now includes resources for connecting multiple locations to live-streamed events. Partnerships with Wellness 4 Humanity and Williams-Sonoma provide rapid Covid-19 testing and curated food experiences. The program focuses on five key areas: Clean and Safe, Simplified, Hybrid, Delicious, and Rewarding, offering benefits like no cancellation fees for bookings by June 30, 2021.

On Feb. 15, 2021, IHG Hotels & Resorts announced results from a global survey revealing a significant shift towards conscious travel post-COVID-19. Over 50% of 9,000 respondents reported increased social and environmental awareness while traveling. Notably, Americans are willing to spend 41% more on responsibly operated accommodations. The survey indicates a strong commitment to supporting local communities and sustainable practices, with 82% of global respondents keen to maintain their sustainability habits while traveling. IHG aims to lead in responsible travel through its 'Journey to Tomorrow' initiative, emphasizing community wellbeing and environmental care.

On February 8, 2021, IHG Hotels & Resorts released a survey indicating a strong desire for travel as people long for human connection post-pandemic. Close to 60% of respondents canceled trips in 2020, but more than half plan to rebook. Key motivators for 2021 travel include family visits and vacations. Younger travelers express interest in bucket-list destinations, while many await broader vaccine distribution before traveling. 40% of U.S. workers feel demotivated without business travel, highlighting its importance for relationship building.

Crowne Plaza Toronto Airport, owned by Manga Hotels, has reopened after a $20 million renovation, enhancing its appeal for travelers. Located near Toronto Pearson Airport, the 528-room hotel features upgraded guest accommodations, expanded dining options at The Cannery Kitchen & Social, and state-of-the-art meeting spaces totaling 12,000 square feet. The renovations include a modernized lobby, redesigned rooms with contemporary decor, and improved fitness facilities. IHG's rigorous cleaning protocols ensure guest safety amidst ongoing health concerns.

IHG Hotels & Resorts announces a partnership with Explore Georgia to promote tourism in the state, highlighting diverse experiences beyond the usual attractions. Guests can benefit from the 'Stay Longer and Save' deal, offering up to 20% off stays of three nights or more until February 28, 2021. This initiative aims to showcase Georgia's rich history, culture, and natural beauty while supporting the local tourism industry, valued at $68.82 billion, which sustains over 484,000 jobs.

IHG Hotels & Resorts announced the construction of its first Atwell Suites hotel in Miami's Brickell neighborhood, set to open by summer 2021. The hotel will feature 90 rooms and be part of a mixed-use development alongside a 140-room Hotel Indigo. The Atwell Suites brand, introduced in 2019, caters to longer stays with dynamic spaces for work and leisure.

With 20 additional properties in planning, IHG aims to capitalize on the growing all-suites segment, demonstrating strong owner interest even amidst market challenges.

IHG Hotels & Resorts has launched a loyalty partnership with Mr & Mrs Smith, expanding options for IHG Rewards members. From October 29, over 400 luxury hotels from Mr & Mrs Smith will be available for booking through IHG's platforms, with more added weekly. This partnership doubles the availability of luxury accommodations for members, introducing properties across 11 new destinations where IHG has no presence. Elite members will enjoy bonus points and complimentary upgrades at select hotels, enhancing their travel experiences.