USX:IHG - InterContinental Hotels Group PLC InterContinental Hotels Group
Sector: Consumer Discretionary, Industry: Hotels, Resorts & Cruise Lines
Next Earnings: 3 May 2024
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USD 100.13    +1.86 (+1.89%)

23 Apr 2024


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General

CEO: Mr. Elie Wajih Maalouf

IPO: 2003-04-10

Headquarters: US

Employees: 13,462

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Description

InterContinental Hotels Group operates 946,000 rooms across 19 brands addressing the midscale through luxury segments, as of Dec. 31, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in 2017 and closed on a 51% stake in Regent Hotels in 2018. It acquired Six Senses in 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Dec. 31, 2023, the Americas represented 55% of total rooms, with Greater China accounting for 19% and Europe, Asia, the Middle East, and Africa making up 26%.

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