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InterContinental Hotels Group PLC (IHG.L)

IHG.L on London Stock Exchange

4,344.00GBp
24 Nov 2017
Change (% chg)

3.00 (+0.07%)
Prev Close
4,341.00
Open
4,337.00
Day's High
4,366.00
Day's Low
4,329.00
Volume
279,148
Avg. Vol
671,339
52-wk High
4,492.00
52-wk Low
3,340.13

Latest Key Developments (Source: Significant Developments)

IHG partners with SAMHI to expand Holiday Inn Express portfolio in India
Thursday, 23 Nov 2017 08:06am EST 

Nov 23 (Reuters) - Intercontinental Hotels Group Plc :‍PARTNERED WITH SAMHI TO REBRAND ABOUT 2000 ROOMS WITHIN ITS INDIA HOTEL PORTFOLIO, TO HOLIDAY INN EXPRESS HOTELS​.  Full Article

Intercontinental Hotels signs Crowne Plaza hotel in Cairo
Tuesday, 21 Nov 2017 04:54am EST 

Nov 21 (Reuters) - Intercontinental Hotels Group Plc :ANNOUNCED SIGNING OF CROWNE PLAZA CAIRO SHEIKH ZAYED CITY IN PARTNERSHIP WITH AL BADR FOR INVESTMENTS AND COMMERCIAL SPACES COMPANY​.  Full Article

Grubhub announces collaboration with InterContinental Hotels
Wednesday, 15 Nov 2017 09:01am EST 

Nov 15 (Reuters) - Grubhub Inc :Grubhub-Collaboration with ihg to offer ihg rewards club members point-earning benefits for ordering food on grubhub via ihg's online,mobile channels​.  Full Article

Hotelier IHG's global comparable rooms revenue up 2.3 pct
Friday, 20 Oct 2017 02:19am EDT 

Oct 20 (Reuters) - Intercontinental Hotels Group Plc :INTERCONTINENTAL HOTELS GROUP PLC - ‍GLOBAL Q3 COMPARABLE REVPAR 1 UP 2.3 PCT, AND UP 2.2 PCT Q3 YTD​.INTERCONTINENTAL HOTELS GROUP PLC - ‍WE REMAIN CONFIDENT IN OUTLOOK FOR REMAINDER OF YEAR​.‍IN US, REVPAR WAS UP 0.4 PCT IN Q3 AND 0.6 PCT Q3 YTD WITH PERFORMANCE IN QUARTER IMPACTED BY SEVERAL EVENTS​.INTERCONTINENTAL HOTELS - IN AMERICAS, ‍HURRICANES HARVEY AND IRMA HAD MIXED IMPACT; DISPLACEMENT ACTIVITY TOGETHER WITH RELIEF AND RECONSTRUCTION EFFORTS BENEFITTED FRANCHISE BUSINESS​.‍IN MEXICO Q3 REVPAR WAS FLAT DUE TO EARTHQUAKE IN MEXICO CITY​.INTERCONTINENTAL HOTELS - ‍EXCLUDING EFFECT OF HURRICANES AND THESE ONE-OFF EVENTS, ESTIMATE THAT UNDERLYING US REVPAR WAS MARGINALLY POSITIVE IN QUARTER.IHG- "‍MARKETS PREVIOUSLY IMPACTED BY TERRORIST ATTACKS GREW STRONGLY, REVPAR GROWTH OF 6 PCT IN FRANCE, AND DOUBLE DIGIT GROWTH IN BELGIUM AND TURKEY"​.  Full Article

Intercontinental Hotels - ‍signed 3 management contracts
Wednesday, 18 Oct 2017 08:00am EDT 

Oct 18 (Reuters) - Intercontinental Hotels Group Plc :Intercontinental Hotels Group - ‍signed 3 management contracts to introduce its Kimpton Hotels & Restaurants brand to Asia​.  Full Article

InterContinental Hotels reports higher first-half profit
Tuesday, 8 Aug 2017 02:07am EDT 

Aug 8 (Reuters) - INTERCONTINENTAL HOTELS GROUP PLC ::H1 REPORTED REVENUE $857 MILLION VERSUS $838 MILLION YEAR AGO.SAYS ‍ARE ON TRACK TO BEGIN ROLL OUT OF CLOUD-BASED GUEST RESERVATION SYSTEM IN LATE 2017​.H1 REPORTED FEE REVENUE $686 MILLION VERSUS $673 MILLION YEAR AGO.H1 REPORTED OPERATING PROFIT $370 MILLION VERSUS $344 MILLION YEAR AGO.H1 UNDERLYING OPERATING PROFIT $365 MILLION VERSUS $340 MILLION YEAR AGO.INTERIM DIVIDEND 33 CENTS VERSUS 30 CENTS A YEAR AGO.HY AMERICAS REVPAR 1.1 PERCENT.HY EUROPE REVPAR 6.2 PERCENT.HY ASIA, MIDDLE EAST AND AFRICA (AMEA) REVPAR 1.4 PERCENT.  Full Article

IHG CEO Solomons to retire, chief commercial officer named successor
Friday, 5 May 2017 02:01am EDT 

May 5 (Reuters) - InterContinental Hotels Group Plc ::Richard Solomons, group chief executive officer to retire and to be succeeded by Keith Barr, chief commercial officer.Will be succeeded by Keith Barr, a member of IHG's executive committee who has spent nearly 17 years with IHG, most recently as chief commercial officer.Barr will take up his new position and become a member of IHG's board on July 1, 2017..  Full Article

Tripadvisor announces new partnership with Intercontinental Hotels Group
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Tripadvisor Inc ::Says Tripadvisor announces new partnership with Intercontinental Hotels Group.  Full Article

Hotelier IHG reports higher full-year profit
Tuesday, 21 Feb 2017 02:00am EST 

Intercontinental Hotels Group Plc : Final results . Strong underlying revenue growth driven by both revpar and rooms . Global comparable revpar up 1.8 pct (Q4: 1.7 pct), led by rate up 1.2 pct, and record occupancy levels. . Net room growth of 3.1 pct, including 8.8 pct in greater china . Net capital expenditure of $185 mln (gross $241 mln). . $400m will be returned to shareholders via a special dividend with share consolidation, to be paid in Q2 2017 . Proposed 11 pct increase in total dividend to 94.0¢ reflects confidence in our long-term sustainable future growth . Americas comparable revpar increased 2.1 pct (Q4: up 1.5 pct), driven by 2.0 pct rate growth . Europe comparable revpar increased 1.7 pct (Q4: up 3.1 pct), driven by rate up 1.4 pct .AMEA comparable revpar decreased 0.2 pct (Q4: flat), with rate declines offset by occupancy gains.  Full Article

IHG H1 operating profit $344 mln
Tuesday, 2 Aug 2016 02:00am EDT 

Intercontinental Hotels Group Plc : H1 underlying operating profit rose 2.1 percent to 344 million usd . H1 revenue at $838m versus $915m year earlier . H1 operating profit $344m versus $337m year earlier . Interim dividend per share 30.0¢ versus 27.5¢ year earlier . Global comparable h1 revpar of 2.0%, led by rate up 1.4%. Q2 revpar up 2.5%, with growth in all regions . $11.9bn total gross revenue from hotels in ihg's system (up 1.7% year on year; up 4.0% cer) . Americas comparable revpar increased 2.4% (q2: up 2.8%), driven by 2.2% rate growth . If 30 june 2016 spot exchange rates had existed throughout h2 2015, reported operating profit for that period would have been $6m higher . Remain confident in outlook for remainder of year - ceo . 3.6% net room growth year on year, with 17k room openings, up 8% year on year (with q2 up over 40%) . Signed 35k rooms into pipeline, taking it to 222k rooms . Gross capex guidance remains unchanged at up to $350m p.a. Into medium term. .We expect foreign exchange to have an impact on 2016 reported profit.  Full Article

BRIEF-IHG partners with SAMHI to expand Holiday Inn Express portfolio in India

* ‍PARTNERED WITH SAMHI TO REBRAND ABOUT 2000 ROOMS WITHIN ITS INDIA HOTEL PORTFOLIO, TO HOLIDAY INN EXPRESS HOTELS​ Source text for Eikon: Further company coverage: