Group 1 - IHG launched a promotional campaign for Q1 2026 starting from December 9, 2025, allowing members to earn double points on their second stay and subsequent stays, along with additional incentives for new hotels [1] - The "Travel Fun Night" member activity has been extended until March 31, 2026, providing extra points and exclusive benefits to members [1] Group 2 - IHG's Garner brand opened its first Southeast Asia location in Pattaya, Thailand, further expanding its presence in the Asian market [2] - As of mid-2025, IHG has 2,276 hotels in the pipeline globally, representing 33.8 million rooms, which is 34% of its existing system size; over 1,400 hotels are in operation or under construction in Greater China, highlighting the company's long-term expansion strategy [2] Group 3 - IHG deepened its "Accommodation +" partnership with Meituan Travel in December 2025, launching experience packages that generated over 20 million sales in 2025 [3] - The high-end hotel market in 2026 is expected to show a "two extremes" pattern, with international brands accelerating their presence in China's first-tier and cultural tourism cities, potentially benefiting leading companies like IHG due to changes in demand structure [3]