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.
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IHG Hotels & Resorts has partnered with Coca-Cola to launch 'Santa's Suite Retreat' at the InterContinental New York Barclay and InterContinental Buckhead Atlanta, starting December 13. The unique holiday experience offers guests a festively decorated suite, complete with holiday aromas, carols, and themed amenities. IHG Rewards members can also access exclusive stays at Crowne Plaza Atlanta Perimeter at Ravinia. Bookings start December 9 at santasuiteretreat.com. This initiative aims to foster human connection during the holiday season.
Holiday Inn Express has surpassed 3,000 properties globally, with over 300,000 rooms across 2,100 cities. This brand is a significant growth driver for IHG Hotels & Resorts, accounting for over one-third of its pipeline with nearly 650 new openings anticipated. The brand recently signed its first property in Japan, aligning with its expansion in key markets. Celebrating its 30th anniversary, Holiday Inn Express offers consistent hospitality and plans to continue innovating to meet evolving customer needs.
Service Properties Trust (Nasdaq: SVC) reported a third quarter net loss of $59.7 million, or $(0.36) per share, improving from a loss of $102.6 million in Q3 2020. Normalized FFO rose to $43.8 million, or $0.27 per share, from $23.2 million, while EBITDAre increased 32.5% to $137.3 million. Hotel portfolio occupancy improved to 60.1%, and RevPAR surged by 75.7% year-over-year. SVC maintains strong liquidity with $912.5 million in cash and no debt maturities until Q3 2022, anticipating a rebound in business travel as urban areas re-open.
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IHG Hotels & Resorts has partnered with Josh.ai to create the hotel room of the future at the Kimpton Rowan in Palm Springs, CA. This innovation features voice-controlled technology, enhancing guest experience through smart automation and personalization. The incorporation of Josh.ai promotes privacy and data security while ensuring an intuitive interaction for users. Guests can control lighting, music, and entertainment seamlessly. The initiative aligns with evolving consumer preferences for digital experiences, marking IHG as a leader in hospitality technology.
IHG Hotels & Resorts has launched a unique tennis-themed installation called 'Tennis in Wonderland' at the Kimpton Hotel Eventi in New York City, celebrating the 2021 US Open. Starting September 1, guests can experience this creatively designed room featuring tennis-inspired decor. IHG is the official hotel sponsor of the tournament, aiming to enhance guest experiences through innovative design. This initiative highlights IHG's long-term partnership with the United States Tennis Association, further solidifying its presence in the hospitality and sports sectors.
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IHG Army Hotels is promoting sustainability during Earth Month by encouraging military travelers to adopt eco-friendly practices. The hotels, located on 40 military bases in the U.S. and Puerto Rico, have saved over $1.5 million in utility costs through conservation efforts. The savings support future investments in hotel development and renovations. IHG has launched the Journey to Tomorrow initiative to enhance sustainability goals over the next decade.
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.