Welcome to our dedicated page for InterContinental Hotels Group news (Ticker: IHG), a resource for investors and traders seeking the latest updates and insights on InterContinental Hotels Group stock.
InterContinental Hotels Group Plc reports news across a global hotel-brand system spanning luxury, lifestyle, premium, essentials and midscale lodging. Recurring updates cover brand openings, owner-development opportunities, loyalty initiatives through IHG One Rewards, and guest-experience programs tied to InterContinental, Kimpton, Ruby and other IHG Hotels & Resorts brands.
Company news also highlights the expansion of urban and conversion hotel formats, food-and-beverage programming, cultural and seasonal packages, and regional growth across major hospitality markets. IHG’s operating model is centered on a broad brand portfolio and a hotel system that is primarily managed and franchised rather than owned.
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.
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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.
On January 26, 2023, InterContinental Hotels Group purchased 9,437 of its ordinary shares at prices ranging from £56.42 to £57.06 through Goldman Sachs International. The average price paid per share was £56.7846. This share buyback aligns with the authority granted by shareholders at the Annual General Meeting on May 6, 2022. Following this transaction, the Company has 175,421,334 ordinary shares outstanding, excluding treasury shares. The purchased shares will be canceled to reduce the overall share count, reflecting the Company's strategy to enhance shareholder value.
InterContinental Hotels Group PLC announced the purchase of 9,500 ordinary shares on January 25, 2023, through Goldman Sachs International on the London Stock Exchange. The purchase, conducted under the authority granted by shareholders at the AGM on May 6, 2022, had an average price of £56.5963, with a low of £56.3000 and a high of £57.0600. Following this transaction, the total number of ordinary shares in issue stands at 175,430,771, excluding 7,506,782 held in treasury. The purchased shares are intended for cancellation.
On January 23, 2023, InterContinental Hotels Group acquired 8,984 of its ordinary shares at an average price of £56.3650 through Goldman Sachs International, as authorized by shareholders at the Annual General Meeting on May 6, 2022. The share purchase followed prior instructions issued on August 9, 2022. The lowest price paid per share was £56.1400, while the highest reached £56.6000. Subsequently, the company plans to cancel these purchased shares, leaving a total of 175,449,181 ordinary shares in circulation.
On January 19, 2023, InterContinental Hotels Group announced the purchase of 7,469 ordinary shares at an average price of £55.9502 each on January 18, 2023, as authorized by shareholders during the Annual General Meeting on May 6, 2022. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this purchase, the total number of ordinary shares outstanding is 175,465,665, excluding 7,506,782 shares held in treasury. The company plans to cancel the shares purchased in this transaction.
On January 16, 2023, InterContinental Hotels Group purchased 5,900 ordinary shares at an average price of £54.13 each through Goldman Sachs International. This buyback aligns with shareholder approval from the Annual General Meeting held on May 6, 2022. The lowest price paid per share was £54.00 while the highest reached £54.20. The company plans to cancel these shares following the transaction. Post-purchase, there are 175,480,634 ordinary shares outstanding, excluding 7,506,782 in treasury.
On January 11, 2023, InterContinental Hotels Group purchased 19,934 of its own ordinary shares through Goldman Sachs International on the London Stock Exchange. This action was made under the authority granted by shareholders during the AGM on May 6, 2022. The shares were bought at prices ranging from £52.0600 to £52.6200, with an average price of £52.3947. Following this repurchase, the company now has a total of 175,512,615 ordinary shares outstanding, excluding 7,506,782 shares held in treasury. The purchased shares are set to be canceled.
InterContinental Hotels Group PLC announced the purchase of 20,000 ordinary shares on January 10, 2023, at an average price of £51.8226. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this transaction, the total number of ordinary shares in circulation is 175,532,549, excluding treasury shares. The company plans to cancel the purchased shares to reduce the total share count, enhancing shareholder value as authorized by shareholders at the Annual General Meeting on May 6, 2022.