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IHG reports F&B cost savings for owners following procurement expansion

09 August 2022 by

IHG Hotels & Resorts has said that, following the expansion of its procurement solutions, smaller owner groups recently onboarded in the UK have seen typical savings of 7%-15% on food costs and 10%‑15% on beverage costs.

News

IHG reports 'sequentially improved' trading after challenging January

06 May 2022 by

IHG Hotels & Resorts has reported revenue per available room (revpar) for the first quarter of 2022 was up 61% on last year, and 82% of 2019’s level.

Ukrainian hoteliers call for big hotel groups to stop doing business in Russia News

Ukrainian hoteliers call for big hotel groups to stop doing business in Russia

25 March 2022 by
Hospitality operators including Jamie Oliver pull out of Russia News

Hospitality operators including Jamie Oliver pull out of Russia

15 March 2022 by
IHG says hotel demand approaching pre-pandemic levels News

IHG says hotel demand approaching pre-pandemic levels

22 February 2022 by
Deanna Oppenheimer to succeed Patrick Cescau as IHG chair News

Deanna Oppenheimer to succeed Patrick Cescau as IHG chair

18 January 2022 by

IHG appoints Joanna Kurowska MD for UK and Ireland News

IHG appoints Joanna Kurowska MD for UK and Ireland

28 September 2021 by

IHG Hotels & Resorts has announced the appointment of Joanna Kurowska as the new managing director[...]

IHG hopes to grow new luxury and lifestyle brand Vignette Collection 'across key markets in EMEAA' News

IHG hopes to grow new luxury and lifestyle brand Vignette Collection 'across key markets in EMEAA'

08 September 2021 by

IHG Hotels & Resorts has revealed Vignette Collection as the name of its new luxury and[...]

IHG to launch luxury and lifestyle collection brand to attract independents News

IHG to launch luxury and lifestyle collection brand to attract independents

10 August 2021 by

IHG Hotels & Resorts has revealed plans to launch a new luxury and lifestyle collection brand[...]

£25m Hotel Indigo planned for Blackpool’s listed Post Office News

£25m Hotel Indigo planned for Blackpool’s listed Post Office

09 July 2021 by

Plans have been lodged to turn Blackpool’s Grade II-listed former Post Office and Sorting Office into[...]

News

Marathon buys 17 IHG-branded hotels

MCAP Global Finance, a UK affiliate of New York-based investment manager Marathon Asset Management, has bought 17 IHG Hotels & Resorts-branded hotels from Cerberus Capital Management for an undisclosed sum."

26 May 2021 by
Hospitality groups see share surge following roadmap announcement News

Hospitality groups see share surge following roadmap announcement

24 February 2021
by

Several hospitality groups saw shares spike following Monday’s reopening roadmap confirmation, including IHG Hotels & Resorts, Whitbread and Fuller’s.

IHG’s revenue almost halves during pandemic News

IHG’s revenue almost halves during pandemic

23 February 2021
by

IHG Hotels & Resorts saw its revenue almost halve last year, having reported total revenue of $2.39b (£1.7b) for 2020, down from $4.63b (£3.28b) in 2019.

Boost to hotel company share prices on news of possible Covid vaccine News

Boost to hotel company share prices on news of possible Covid vaccine

09 November 2020 by

Hotel companies were among a plethora of businesses worldwide which celebrated the news of a breakthrough[...]

IHG boss continues to see opportunities in business travel News

IHG boss continues to see opportunities in business travel

08 October 2020 by

There are still opportunities in the business travel sector, InterContinental Hotels Group (IHG) chief executive Keith[...]

News

Kimpton Clocktower hotel to open next month

08 September 2020 by

InterContinental Hotels Group (IHG) is relaunching the Principal Manchester under its Kimpton brand next month and[...]

Hotel bosses call for industry to work together towards hygiene standards News

Hotel bosses call for industry to work together towards hygiene standards

19 May 2020 by

Hotel bosses have called for a united approach to hygiene standards on a webinar today that[...]

News

IHG reports 22% drop in Q1 UK revpar

InterContinental Hotels Group (IHG) has reported a 22% drop in UK revenue per available room (revpar), with London down 25% in its first quarter trading update."

07 May 2020 by
Marriott CEO and chair will not be taking salary this year as groups make cuts News

Marriott CEO and chair will not be taking salary this year as groups make cuts

20 March 2020
by

Arne Sorenson, chief executive of Marriott International, has said he and chairman JW Marriott Jr will not be taking any salary for 2020 and the hotel chain’s executive team will be taking a 50% pay cut amidst the coronavirus crisis.

IHG reports 8% increase in revenue News

IHG reports 8% increase in revenue

18 February 2020
by

InterContinental Hotels Group (IHG) saw an 8% increase in reported revenue to $2.08b (£1.6b) during 2019, according to its full-year results.

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