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IHG Posts FY Reported Group Operating Loss Of $153 Mln
InterContinental Hotels Group Q3 RevPAR Down 53.4%
IHG Gets Valid Tenders Of 227.5 Mln STG In Aggregate Of Notes For Purchase
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands and manages its hotels on behalf of third-party hotel owners. Its segments include The Americas; Europe, Middle East Asia and Africa (EMEAA); Greater China. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Regent Hotels & Resorts, Holiday Inn Club Vacations and Candlewood Suites Hotels. The Company operates over 5,977 hotels (889,582 rooms) worldwide and has over 1,899 pipeline hotels. The Americas segment has approximately 1,048 hotels in pipeline (109,345 rooms). The EMEAA Segment has approximately 398 hotels (80,490 rooms). The Greater China segment has approximately 453 hotels in pipeline (95,773 rooms).
Hotels & Motels
Patrick Jean Pierre Cescau
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director, Group Head of Corporate Strategy
Jolyon Warren Lewis Bulley
Chief Executive Officer - Greater China
Chief Executive Officer - EMEAA
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InterContinental Hotels booked an annual loss of $153 million on Tuesday, pummelled by repeated COVID-19 restrictions and lockdowns, but said a faster recovery in its Holiday Inn Express brand had helped it outperform in key markets.
Holiday Inn-owner InterContinental Hotels said on Tuesday that 2020 was the most challenging year in its history as repeated COVID-19 restrictions and lockdowns forced it to book an annual loss.
Holiday Inn-owner Intercontinental Hotels Group has struck an agreement with its creditors to extend waivers of its debt covenants through the end of 2022, the company said in a statement on Friday.
Holiday Inn-owner InterContinental Hotels posted a plunge in third-quarter hotel room revenue (RevPAR) on Friday, as the COVID-19 pandemic continued to ravage the travel and hospitality industry.
Shares in France's Accor <ACCP.PA> rallied on Thursday after Le Figaro newspaper reported it had examined a potential merger with British rival InterContinental Hotels (IHG) <IHG.L> that would create the world's biggest hotel group.
Shares in French hotels group Accor rose 1.9% in early trading on Thursday after Le Figaro newspaper reported that the company had examined a potential merger with British rival InterContinental Hotels .
Holiday Inn owner InterContinental Hotels has cut 10% of its corporate workforce, Chief Executive Keith Barr said on a call with analysts on Tuesday after posting lower first-half results.
London-listed shares rose on Tuesday as hopes of a stimulus-led rebound helped investors look past a mixed batch of quarterly earnings updates, while InterContinental Hotels jumped on signalling a tentative recovery.
InterContinental Hotels Group Plc on Tuesday posted a 76% slump in average room revenue in May due to coronavirus lockdowns, a slight improvement from April, as the Holiday Inn-owner accelerates the reopening of its properties.
InterContinental Hotels Group Plc on Tuesday posted a 76% slump in average room revenue in May due to coronavirus lockdowns, a slight improvement from the preceding month as the Holiday Inn-owner ramps up the reopening of its properties.
* SINCE MID-MAY, GROUP STARTED TO SEE GRADUAL RECOVERY IN BUSINESS TRENDS AS MANY COUNTRIES INITIATE LOCKDOWN EASING
Holiday Inn-owner InterContinental Hotels <IHG.L> said on Thursday it was seeing signs of recovery in some markets as it tightened up on safety and cleaning procedures following an 80% plunge in average room revenue in April.
Holiday Inn-owner InterContinental Hotels <IHG.L> said on Monday it had raised 600 million pounds ($747 million) from Bank of England loans under the government's coronavirus aid scheme as it estimated a 25% plunge in global revenue per available room in the first quarter.
InterContinental Hotels <IHG.L>(IHG) warned on Tuesday that fewer travellers are booking its rooms in China because of the coronavirus outbreak.
Holiday Inn-owner InterContinental Hotels Group reported a slight dip in revenue per room in 2019, hurt by a fall in bookings in Hong Kong due to last year's protests as it braces for the impact of the coronavirus outbreak.
InterContinental Hotels Group will allow customers to change or cancel stays scheduled up to Feb. 3 across mainland China, Hong Kong, Macau and Taiwan at no additional cost, the company said on its official WeChat account on Thursday.
Holiday Inn-owner InterContinental Hotels Group <IHG.L> blamed lower business bookings in China and Hong Kong protests for a 0.8% fall in third-quarter revenue per room on Friday, the latest company to be pinched by weaker global travel.
InterContinental Hotels Group reported a 0.8% decline in revenue per room for the third quarter on Friday, as the Holiday Inn-owner was hurt by protests in Hong Kong and tougher trading conditions in the United States and China.
InterContinental Hotels Group <IHG.L> played down any hit from the trade standoff between Beijing and Washington, saying few of its business customers in China were from outside the country and it was anyway well spread globally to absorb any impact.
Aug 6 - InterContinental Hotels Group reported a marginally higher first-half room revenue on Tuesday as fewer business travellers in China and protests in Hong Kong led to a decline in demand from Greater China.
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