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IHG(IHG) - 2023 Q4 - Annual Report
2024-02-28 16:00
True Hospitality for Good Annual Report and Form 20-F 2023 Welcome Our purpose is to provide True Hospitality for Good. It brings our brands to life, shapes our culture and represents a commitment to make a difference to our people, guests and communities, and to protect the world around us. With strong stakeholder engagement, together we work towards common goals that help create shared value for all. Holiday Inn Resort, Phuket, Surin Beach, Thailand Our presence What's inside IHG® Hotels & Resorts is a gl ...
IHG(IHG) - 2023 Q4 - Annual Report
2024-02-28 16:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission ...
IHG(IHG) - 2023 Q3 - Earnings Call Presentation
2024-02-20 15:46
Cautionary note regarding forward-looking statements 3 4 1. Definitions for non-GAAP measures can be found in the 'Use of key performance measures and non-GAAP measures' section of the results announcement, along with reconciliations of these measures to the most directly comparable line items within the Financial Statements. 2. EBIT refers to operating profit from reportable segments; EBITDA as calculated for the Group's banking covenants; FCF refers to adjusted free cash flow. 3. Increase year-on-year and ...
IHG(IHG) - 2023 Q3 - Earnings Call Transcript
2024-02-20 15:44
InterContinental Hotels Group PLC. (NYSE:IHG) Q3 2023 Earnings Conference Call February 20, 2024 7:00 AM ET Company Participants Stuart Ford - Head of Investor Relations at IHG Hotels & Resorts Elie Maalouf - Group Chief Executive Officer Michael Glover - Chief Financial Officer Conference Call Participants Stuart Ford Hello and welcome to IHG’s 2023 full year results presentation. I’m Stuart Ford, Head of Investor Relations at IHG Hotels & Resorts, and shortly you will be hearing from Elie Maalouf, our Chi ...
IHG(IHG) - 2024 Q1 - Quarterly Report
2024-02-20 13:07
SECURITIES AND EXCHANGE COMMISSION Washington DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For 20 February 2024 InterContinental Hotels Group PLC (Registrant's name) 1 Windsor Dials, Arthur Road, Windsor, SL4 1RS, United Kingdom (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F EXHIBIT INDEX 99.1 Final R ...
IHG(IHG) - 2023 Q2 - Earnings Call Transcript
2023-08-08 21:13
InterContinental Hotels Group PLC (NYSE:IHG) Q2 2023 Earnings Conference Call August 8, 2023 4:30 AM ET Company Participants Stuart Ford - Vice President & Head of Investor Relations Elie Maalouf - Group Chief Executive Officer Michael Glover - Chief Financial Officer Conference Call Participants Jamie Rollo - Morgan Stanle Vicki Stern - Barclays Jaina Mistry - Jefferies Jarrod Castle - UBS Richard Clarke - Bernstein Jaafar Mestari - BNP Paribas Tim Barrett - Numis Leo Carrington - Citi Alex Brignall - Redb ...
IHG(IHG) - 2023 Q3 - Quarterly Report
2023-08-08 12:55
Financial Performance - Revenue for the first half of 2023 reached $2,226 million, a 24% increase compared to $1,794 million in 2022[5] - Adjusted EPS rose by 50% to 182.7 cents, up from 121.7 cents in the previous year[5] - Total revenue increased by $432 million (24.1%) to $2,226 million, driven by improved trading conditions[61] - Revenue from reportable segments rose by $191 million (22.7%) to $1,031 million, with underlying revenue increasing by $220 million[61] - Operating profit improved by $223 million (61.8%) to $584 million, including a $37 million net change in operating exceptional items[62] - Adjusted earnings rose by $92 million (41.1%) to $316 million, with adjusted earnings per share increasing by 50% to 182.7¢[58] - Adjusted EBITDA for the six months ended June 30, 2023, was $513 million, an increase of $100 million compared to $413 million in 2022[82] - Underlying revenue for the reportable segments increased by 27.1% to $1,031 million in 2023, compared to $811 million in 2022[194] - Underlying fee revenue grew by 23.7% to $799 million in 2023, up from $646 million in 2022[197] - Underlying operating profit rose by 29.8% to $479 million in 2023, compared to $369 million in 2022[194] Room Growth and Development - The company opened 21,000 rooms across 108 hotels in H1 2023, a 40% increase from H1 2022, bringing the total global estate to 925,000 rooms[8] - A total of 34,200 rooms were signed across 239 hotels in H1 2023, an 11% increase from the previous year, with a global pipeline of 286,000 rooms[8] - The global system consists of 925,320 rooms across 6,227 hotels, with a gross growth of 6.3% year-over-year, and 21,000 rooms opened in H1 2023, which is a 40% increase compared to the prior year[33] - In H1 2023, IHG signed 34,167 rooms (239 hotels), representing an 11% increase year-over-year, with a total pipeline of 286,228 rooms (1,931 hotels) which is 31% of the current system size[33] - The total number of hotels increased by 63 to 6,227, with total rooms rising by 13,693 to 925,320[101] - The global pipeline includes 1,931 hotels, representing an increase of 72 hotels compared to the previous year, with a total of 286,228 rooms[103] Shareholder Returns and Dividends - The interim dividend per share was raised by 10% to 48.3 cents, with total dividend payments in 2023 expected to return close to $250 million to shareholders[5][23] - The current $750 million share buyback program is 47% complete, with $349.5 million spent repurchasing shares[23] - The Group declared an interim dividend of 48.3¢, representing a 10% increase from the 43.9¢ interim dividend paid in 2022[78] Market Trends and Travel Demand - Leisure travel revenue in the US was up 24% compared to 2019, while business travel was up 1%, and group travel was down 14%[32] - IHG's Q2 group RevPAR increased by 9.9% compared to 2019, with occupancy just 1.5 percentage points behind and ADR up 12%[32] - The expected recovery in business demand is ongoing, with STR forecasting RevPAR to be 13% ahead of 2019 levels in 2023 and 24% ahead by 2025[32] - EMEAA region RevPAR increased by 41.6% (CER) for the first half of 2023 compared to 2022, but decreased by 4.4% when considering actual exchange rates[98] - G. China RevPAR surged by 93.7% (CER) for the first half of 2023 compared to 2022, but showed a decline of 3.8% compared to 2019[98] Digital and Loyalty Programs - The number of IHG mobile app downloads, users, bookings, and revenue all increased by 40-50% compared to 2022 levels[52] - IHG's digital direct channels now contribute approximately 25% of global hotel revenue, with mobile channels accounting for over 50% of all digital bookings[52] - IHG's loyalty program, IHG One Rewards, has over 115 million members, with enrolments up 60% year-over-year and Reward Nights up over 40% compared to 2019 levels[46] Financial Health and Debt Management - Net debt increased by 32% to $2,270 million compared to $1,718 million in 2022, influenced by share buybacks and dividends[5] - The net debt at the end of June 2023 was $2,270 million, an increase of $419 million from December 2022[88] - The leverage ratio at June 30, 2023, was 2.30, with an interest cover ratio of 11.32, indicating strong financial health[91] - The Group's total liquidity as of June 30, 2023, was $1,970 million, down from $2,224 million at the end of 2022[89] Strategic Initiatives - The company is launching a new midscale conversion brand, targeting a market worth $14 billion in the US, with over 100 hotels expressing interest[10] - The new midscale conversion brand aims to reach over 500 hotels in the next 10 years and 1,000 hotels in the next 20 years, targeting a 25% lower cost per key for conversions compared to Holiday Inn Express[38][39] - The integration of Iberostar Beachfront Resorts as an Exclusive Partner brand has added 10 properties to IHG's system in H1 2023, with a total of 43 properties now integrated[45]
IHG(IHG) - 2023 Q2 - Quarterly Report
2023-06-30 11:08
SECURITIES AND EXCHANGE COMMISSION Washington DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For 8 August 2023 InterContinental Hotels Group PLC (Registrant's name) 1 Windsor Dials, Arthur Road, Windsor, SL4 1RS, United Kingdom (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F EXHIBIT INDEX 99.1 Half-year ...
IHG(IHG) - 2023 Q1 - Earnings Call Transcript
2023-05-05 16:55
InterContinental Hotels Group PLC (NYSE:IHG) Q1 2023 Earnings Conference Call May 5, 2023 4:00 AM ET Company Participants Stuart Ford - Vice President and Head of Investor Relations Keith Barr - Group Chief Executive Officer Michael Glover - Chief Financial Officer Conference Call Participants Vicki Stern - Barclays Jamie Rollo - Morgan Stanley Richard Clarke - Bernstein Jaina Mistry - Jefferies Leo Carrington - Citi Tim Barrett - Numis Alex Brignall - Redburn Operator Ladies and gentlemen, hello, and welco ...
IHG(IHG) - 2022 Q4 - Annual Report
2023-03-01 16:00
Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...