Holiday Inn owner IHG boosts dividend and buyback amid continued growth Travel Holiday Inn owner IHG has announced the purchase of its 20th brand and a boost to shareholder returns as it benefits from the revived travel market. IHG has soared as travel has returned after the pandemic, with early estimates for 2024 suggesting the hotel industry has finally surpassed 2019’s revenue. The Windsor-headquartered company told markets [...]
IHG: Holiday Inn owner reports room revenue growth Business Holiday Inn owner IHG’s revenue per available room was positive over the last quarter, despite concerns over its performance. In a third quarter trading update, Intercontinental Hotels Group reported global RevPAR, a key metric for the hotel industry, of 1.5 per cent. RevPAR in the UK grew by 2.2 per cent over the quarter, above [...]
IHG: Revenue up at Holiday Inn owner despite China slowdown Retail Intercontinental Hotels Group (IHG), which owns the likes of the Holiday Inn chain, saw its revenue rise during the first half of 2024 thanks to a strong performance in Europe, the Middle East and Africa.
IHG: Holiday Inn owner posts rise in revenue driven by growth in Europe and Asia May 3, 2024 Holiday Inn owner InterContinental Hotels Group (IHG) has reported an increase in revenue as the tailwinds that turbocharged its profits last year roll over into 2024.
IHG: Holiday Inn owner unveils another buyback as revenue and profit jumps February 20, 2024 Total revenue at the British chain, which owns a number of affordable and high end hotel, also leaped £3.6bn.
Holiday Inn owner IHG reports revenues up almost a quarter as full recovery expected by 2025 August 8, 2023 Holiday Inn owner InterContinental Hotels Group (IHG) reported a 23 per cent rise in revenues during its half year results, as the chain was bolstered by a “healthy” demand for travel. The British hotel group also said operating profit rose 27 per cent to $479m (£375m) up from $377m (£295m) in the same period last [...]
Holiday Inn chief steps down as group sees bookings hike despite ‘economic tailwinds’ May 5, 2023 The chief of Holiday Inn owner International Continental Hotels (IHG) is to step down from the helm after nearly six years. Keith Barr, group chief executive officer of the global hotel chain will be succeeded by Elie Maalouf, who currently heads up its American operations. Barr has worked within the brand for almost 14 years, [...]