IHG Hotels & Resorts

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
"InterContinental Hotels Group" redirects here. For the hotel brand, see InterContinental.

InterContinental Hotels Group plc
IHG Hotels & Resorts
Company typePublic
IndustryHospitality
Founded15 April 2003; 23 years ago (15 April 2003)
FoundersWilliam Bass
Juan Trippe[1]
HeadquartersWindsor, England, UK
Number of locations
6,845 hotels
1,010,756 rooms[2] (2025)
Area served
Global
Key people
Deanna Oppenheimer (Chair)
Elie Maalouf (CEO)
ProductsHotels and resorts
Brandssee Operations
RevenueIncrease US$4.923 billion (2024)[3]
Decrease US$1.041 billion (2024)[3]
Decrease US$0.628 billion (2024)[3]
Number of employees
375,000 (2025)[4]
Websitewww.ihgplc.com

InterContinental Hotels Group (IHG), marketed as IHG Hotels & Resorts, is a British multinational hospitality company headquartered in Windsor, Berkshire, England.[5] It is listed on the London Stock Exchange and the New York Stock Exchange.[6] It is also a constituent of the FTSE 100 Index.

As of September 2025, the group employs 375,000 people and operates, franchises and leases more than 6,800 hotels globally.[7]

History

[edit | edit source]

Bass Hotels

[edit | edit source]

The origins of the business may be traced to 1777 when William Bass established the Bass Brewery in Burton-upon-Trent.[8] The company later changed its name to Bass Charrington. Its first entry into the lodging sector came with acquisition of tied public houses. In 1969, it launched the Crest Hotels chain.[9]

In 1988, after the British government limited the number of pubs that brewers could directly own, Bass further invested in the expansion of its hotel business with the purchase of Holiday Inn International from shareholders.[8] Bass sold off the bulk of Crest Hotels in 1990, and the few remaining properties were absorbed into the Holiday Inn chain.[10][11] Bass expanded its hotel business again in 1998, acquiring the luxury Inter-Continental hotel chain, which had been founded by Juan Trippe, from the Saison Group.[12] The hotel division was then renamed from Holiday Hospitality to Bass Hotels & Resorts, to reflect its expansion beyond the Holiday Inn brand.[13]

Bass changed its name to Six Continents in 2001, after having sold its brewing assets and the Bass name, and Bass Hotels & Resorts became Six Continents Hotels.[14]

InterContinental Hotels Group

[edit | edit source]
File:InterContinental Hotels Group logo 2017.svg
IHG logo from 2017 to 2021

Six Continents announced in October 2002 that it would split itself in two, with one company holding its pubs and restaurants, and the other holding its hotel and soft drink businesses.[15] The split was completed on 15 April 2003, establishing InterContinental Hotels Group (named after the de-hyphenated InterContinental brand) as an independent company, alongside the pub company, Mitchells & Butlers.[16] IHG's hotel portfolio at the time comprised 3,325 properties, primarily under the Holiday Inn, Crowne Plaza, and InterContinental brands.[17] Of those, 190 were owned or leased by the company, with the remainder under management or franchise agreements.[18]

After the separation from Six Continents, IHG began an asset disposal program, selling off hotels to move towards an "asset-light" model focused on franchising and management.[19] From 2003 to 2015, the company sold around 200 hotels for a total of almost $8 billion,[20][21] leaving only 7 owned or leased properties in the portfolio.[22]

In 2004, IHG acquired the Candlewood Suites brand, a midscale extended stay hotel brand with 108 franchised properties in the United States, for $15 million.[23][24] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering.[25][26]

In 2015, IHG acquired Kimpton Hotels, a boutique hotel brand with 62 managed properties, for $430 million.[27][28] In February 2021, IHG announced an annual loss of $153 million caused by restrictions related to the COVID-19 pandemic. However, the company expected that the Holiday Inn Express brand would help in the recovery process.[29]

In 2024, IHG signed an expansive cooperation and franchise agreement with German hotel operator Novum Hospitality, rebranding and partially refurbishing all of their current properties (namely the niu, Yggotel, Novum Hotels, Select Hotels and acora living the city) into IHG brands Holiday Inn, Holiday Inn Express, Candlewood Suites and Garner in the upcoming years. This will increase IHG's portfolio in Germany by over 100 hotels.[30]

In 2024, the group reported revenues of $2.3 billion with a $1.1 billion operating profit. Across the same year, it opened 371 new hotels.[7]

In 2025 Onyria Group entered into a new partnership with Intercontinental Hotels Group (IHG). Through a franchise agreement, the two Onyria hotels in Cascais joined the Intercontinental Hotels & Resorts portfolio. This partnership includes an investment of over €5 million for renovation, decoration, and the creation of new spaces. The Onyria Group retains ownership and management of the hotels. The agreement led to the creation of Onyria Marinha Cascais, Vignette Collection, which is already operating in partnership with IHG, and the Kimpton Quinta da Marinha Cascais, that will open in 2026.[31][32][33][34][35]

Corporate affairs

[edit | edit source]

Headquarters

[edit | edit source]

The company's worldwide headquarters and European offices are located in Windsor, Berkshire, England.[36][37] IHG maintains regional offices in Atlanta, Singapore and Shanghai.[36]

List of CEOs

[edit | edit source]
  1. Richard North (2003–2005)[38]
  2. Andy Cosslett (2005–2011)[39]
  3. Richard Solomons (2011–2017)[39]
  4. Keith Barr (2017–2023)[40]
  5. Elie W. Maalouf (since July 2023)[40]

Operations

[edit | edit source]
File:Holiday Inn and Suites - Davenport, Iowa.jpg
Holiday Inn & Suites in Davenport, Iowa
File:Hotel Indigo CIMG8676.JPG
Hotel Indigo in Uptown Houston
File:Intercontinental Hotel (24925987280).jpg
InterContinental in Kyiv

According to the group's 2024 annual report, IHG has almost 6,500 hotels across more than 100 countries under 19 brands marketed across five segments:[41]

Brand # properties
(as of 2024)
Luxury and Lifestyle
Hotel Indigo 169
InterContinental Hotels & Resorts 227
Kimpton Hotels & Restaurants 77
Regent Hotels & Resorts 11
Six Senses 27
Vignette Collection 20
Premium
Crowne Plaza Hotels & Resorts 415
Even Hotels 33
Hualuxe Hotels & Resorts 22
Voco 87
Ruby 16
Essentials
Avid Hotels 76
Holiday Inn 1,249
Garner Hotels 23
Holiday Inn Express 3,237
Suites
Atwell Suites 6
Candlewood Suites 392
Holiday Inn Club Vacations 30
Staybridge Suites 335
Exclusive Partners
Iberostar Beachfront Resorts[42] 55

The group also reports having 2,200 additional properties in the "pipeline".[41]

IHG Hotels & Resorts has a loyalty program. IHG One Rewards average a value of 0.68 ¢ per point.[43] The group claims over 145 million members, who book 60% of all room nights.[41]

Criticism

[edit | edit source]

In July 2012, the Office of Fair Trading alleged that IHG had broken competition law by preventing online travel agents from discounting the price of room-only hotel accommodations. In February 2014, IHG agreed to end the practice of price fixing.[44]

In May 2012, the UK Advertising Standards Authority (ASA) warned IHG that it must include VAT in its advertised prices. In August 2012, a report by Which? magazine showed that IHG was continuing to violate VAT rules.[45]

In November 2017, London mayor Sadiq Khan accused IHG of failing to fulfil a commitment to pay a living wage.[46]

References

[edit | edit source]
  1. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  2. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  3. ^ a b c Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  4. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  5. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  6. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  7. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  8. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  9. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  10. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  11. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  12. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  13. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  14. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  15. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  16. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  17. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  18. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  19. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  20. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  21. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  22. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  23. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value). (Part 2 of article)
  24. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  25. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  26. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  27. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  28. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  29. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  30. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  31. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  32. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  33. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  34. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  35. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  36. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  37. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  38. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  39. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  40. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  41. ^ a b c "Our Brands" (2025)True Hospitality for Good: IHG Hotels and Resorts Annual Report and Form 20-F 2024
  42. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  43. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  44. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  45. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  46. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
[edit | edit source]
Error creating thumbnail: File missing
Wikimedia Commons has media related to [[commons:Lua error in Module:WikidataIB at line 506: attempt to index field 'wikibase' (a nil value).|Lua error in Module:WikidataIB at line 506: attempt to index field 'wikibase' (a nil value).]].
  • Lua error in Module:Official_website at line 94: attempt to index field 'wikibase' (a nil value).

Lua error in mw.title.lua at line 392: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').

Lua error in Module:Authority_control at line 153: attempt to index field 'wikibase' (a nil value).

Retrieved from "http://70.231.62.181/index.php?title=IHG_Hotels_%26_Resorts&oldid=3222613"