IHG Hotels & Resorts - Company Research Report

Company Overview

Name and Mission

Name: IHG Hotels & Resorts

Mission: IHG's mission centers around providing "True Hospitality for Good," which involves creating exceptional experiences and impacting the world positively.

Founding and Key People

Founded: IHG's legacy traces back to the first Bass brewery in 1777. It has undergone numerous transformations to become a leading global hotel brand.

Key People:

Deanna Oppenheimer, Non-Executive Chair

Elie Maalouf, Chief Executive Officer

Michael Glover, Chief Financial Officer

Headquarters and Workforce

Headquartered In: No specific city mentioned.

Number of Employees: Approximately 375,000 worldwide.

Financial Overview

Revenue: 2023 revenue from reportable segments was $2,164 million.

Brand Recognition

Known For: IHG is renowned for its diverse portfolio of hotel brands, innovation in hotel management, and commitment to responsible business practices.

Products

Hotel Brands and Features

IHG manages a wide range of hotel brands catering to different market segments:

1. Luxury & Lifestyle:

InterContinental Hotels & Resorts

Regent Hotels & Resorts

Six Senses Hotels Resorts Spas

Kimpton Hotels & Restaurants

2. Premium:

Crowne Plaza Hotels & Resorts

Hotel Indigo

3. Essentials:

Holiday Inn Hotels & Resorts

Holiday Inn Express

Garner - an IHG Hotel

4. Suites:

Staybridge Suites

Candlewood Suites

5. Exclusive Partnerships:

Iberostar Beachfront Resorts

Product Features

IHG® One Rewards: A loyalty program with over 130 million members, serving as one of the world's largest hotel loyalty programs.

IHG Way of Clean: Protocols emphasizing cleanliness and safety, utilizing science-led best practices.

Recent Developments

New Products and Innovations

Innovative Design: IHG unveiled an "experiential Holiday Inn Express" public space design recently, designed to enhance guest experiences.

New Openings

Vignette Collection Launches:

Hotel Spero, San Francisco (February 2025)

SOUMA Hotel Lima (South America)

Vignette Collection debut in France

Holiday Inn Express: Expanded in Bengaluru, India, and reopened in Tokyo, Japan.

New Brand Launches

Garner - an IHG Hotel: New brand with initial openings in Germany and Japan.

Strategic Initiatives

myBenefits Launched: Initiative in Japan to attract and maintain top talent within the hospitality industry.

New Partnerships:

Collaboration with Al Harithy Group in Jeddah for Vignette Collection.

Partnership with AIMS Holding to launch an ultra-luxury Regent Hotel in Makkah.

Recent Financial Performance

Q3 2024 Trading Update: Indicated robust trading and growth in room revenue delivery.

Total Shareholder Return: IHG has returned approximately $15.4 billion to shareholders since 2003, using its asset-light model to drive growth and profits effectively.

Closing Remarks

This report represents a detailed analysis based on the data available about IHG Hotels & Resorts, reflecting its current market position, strategic advancements, and financial standing.