InterContinental Hotels Group PLC delivered strong growth in 2025, with total revenue of $5,189m and operating profit up 15% to $1,198m. Global RevPAR rose 1.5%, supported by Americas at +0.3%, EMEAA at +4.6% and Greater China at -1.6% but returning to growth in Q4.
The company opened a record 443 hotels and signed 694, taking its pipeline to 2,292 properties, equivalent to 33% of current system size and helping it surpass one million open rooms and more than 6,900 hotels worldwide. Adjusted EPS grew 16% to 501.3 cents, ahead of its medium‑ to long‑term growth target.
IHG returned over $1.1bn to shareholders in 2025 via ordinary dividends and a $900m share buyback, and proposes a total dividend of 184.5 cents per share, up 10% for the fourth consecutive year. A new $950m buyback is approved for 2026, and fee margin increased 3.6 percentage points to 64.8%, reflecting operating leverage, ancillary fee growth and the strength of its asset‑light, fee‑based model.
InterContinental Hotels Group PLC reports three consecutive days of share buybacks executed through Goldman Sachs International under existing shareholder authority. On 17 February 2026, the company repurchased 114,529 ordinary shares at an average price of $143.0381 per share. On 18 February 2026, it bought 106,424 shares at an average price of $146.0500. On 19 February 2026, it acquired 138,958 shares at an average price of $142.0478. The company intends to cancel all purchased shares, reducing ordinary shares in issue to 151,284,897 (excluding 5,481,782 held in treasury) after the last transaction, which slightly increases the ownership percentage of remaining shareholders.
InterContinental Hotels Group reported strong 2025 results, with operating profit from reportable segments up 13% to $1,265m and adjusted EPS rising 16% to 501.3¢. Revenue from reportable segments grew 7% to $2,468m, while fee margin expanded 3.6 points to 64.8%.
Total revenue increased 5% to $5,189m and adjusted free cash flow rose to $893m. The group opened a record 443 hotels and lifted its global estate to about 1.0 million rooms, with a pipeline of 340,000 rooms representing 33% of the current system size.
IHG returned over $1.1bn to shareholders in 2025 through a $900m buyback and $270m in dividends, and proposed a 10% higher full-year dividend of 184.5¢. Net debt increased 20% to $3,333m, and a new $950m buyback is planned for 2026.
InterContinental Hotels Group PLC has confirmed that Deanna Oppenheimer has resumed her duties as Non-Executive Chair after a short-term medical leave of absence. During her absence, Senior Independent Director Graham Allan temporarily assumed Chair responsibilities and will now return to his normal role. The update signals a return to the company’s standard board leadership structure.
InterContinental Hotels Group PLC reports its share capital and voting rights position as of 31 January 2026. The company has issued 157,126,590 ordinary shares, including 5,481,782 shares held in treasury, leaving 151,644,808 voting rights available to shareholders. Investors can use this voting-rights figure to assess whether they must notify holdings or changes in holdings under the UK Financial Conduct Authority's disclosure rules.
InterContinental Hotels Group PLC reported a share transaction involving a senior executive. Chief Human Resources Officer Tejas Katre, who is classified as a person discharging managerial responsibilities, received an internal transfer of 532 ordinary shares of InterContinental Hotels Group PLC at nil consideration.
The transfer was made on 8 January 2026 outside a trading venue and arose from the vesting of shares under a Deferred Award Plan, after adjustments for tax and social security withholdings. The award had originally been granted on 28 February 2024, before Katre’s appointment as Chief Human Resources Officer and his designation as a PDMR.
InterContinental Hotels Group PLC reports recent share repurchases and an updated share capital and voting rights position. On 23 December 2025, the company bought 55,971 ordinary shares from Merrill Lynch International across London Stock Exchange and other venues at prices between £104.9000 and £105.8000 per share. It then repurchased 80 shares on 24 December 2025 and 58 shares on 29 December 2025, also intending to cancel all purchased shares.
The purchases on 29 December 2025 were the final transactions under the buyback programme with Merrill Lynch International announced on 18 February 2025 and authorised at the 8 May 2025 AGM. As at 31 December 2025, the company’s issued share capital consists of 157,126,590 ordinary shares, of which 5,481,782 are held in treasury, giving a total of 151,644,808 voting rights.
InterContinental Hotels Group PLC reported a series of share buybacks carried out between 15 and 22 December 2025 under shareholder authority granted on 8 May 2025 and pre-existing instructions issued on 18 February 2025. On each trading day, the company repurchased ordinary shares of 20340/399 pence each from Merrill Lynch International across UK trading venues, with volume-weighted average prices such as £103.0046 on 15 December, £103.7361 on 16 December, £104.1257 on 17 December, £104.9275 on 18 December, £105.6595 on 19 December and £106.1855 on 22 December on the London Stock Exchange.
The company intends to cancel all purchased shares, which will reduce its share count over time. After the 22 December 2025 purchases, InterContinental Hotels Group has 151,700,917 ordinary shares in issue, excluding 5,481,782 shares held in treasury.
InterContinental Hotels Group PLC will change the currency in which its Ordinary Shares trade on the London Stock Exchange from British pounds (GBP) to US dollars (USD), effective from 8.00am London time on 2 January 2026. The shares’ nominal value will still be denominated in GBP, and the change will not affect the company’s London listing in any other way or its ADR listing in New York.
Dividend payments for UK-based private individual registered shareholders will continue to be made in GBP, but from January 2026 these shareholders may elect to receive dividends in USD through IHG’s registrar, Equiniti, or via the CREST dividend election process for shares held in CREST, provided a USD CREST Memorandum Account has been enabled.
InterContinental Hotels Group PLC is appointing Nicholas Cadbury as a Non-Executive Director, effective 1 March 2026. He will also join the Audit Committee and Responsible Business Committees, supporting board oversight of financial reporting and sustainability.
Cadbury is currently Chief Financial and Sustainability Officer of International Consolidated Airlines Group SA and previously held senior finance roles at Whitbread PLC, Premier Farnell PLC and Dixons Retail PLC, as well as serving as a Non-Executive Director and Audit Committee Chair at Land Securities Group PLC.
IHG describes this appointment as part of its effort to maintain a board with diverse skills and experience. The group operates 20 hotel brands with more than one million rooms and 6,800 open hotels in over 100 countries, and its IHG One Rewards loyalty programme has over 145 million members.