Intercontinental Hotels : Medium-term strategy: focus on growth and shareholder returns
>Good 2023 results, a new $ 800m share buyback programme - Yesterday evening after trading, IHG published good 2023 results, coming in 1% above forecasts for EBIT and EPS, underpinned by RevPAR growth of 16.1% and 3.8% for the hotel network. IHG also announced a new $ 800m share buyback programme for FY 2024, i.e. 4% of the market capitalisation. All told, shareholder returns should be $ 1bn in 2024 (share buybacks and dividends), i.e. around 6% of the market capitali...InterContinental Hotels Group is a hotel companies. Co.'s hotel brands are InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hualuxe Hotels & Resorts, Hotel Indigo, EVEN Hotels, Crowne Plaza Hotels & Resorts, Holiday Inn, Holiday Inn Express, Staybridge Suites, Holiday Inn Club Vacations, Holiday Inn Resorts, Candlewood Suites, and Avid Hotels. As of Mar 2 2017, Co.'s had total hotels of 5,348 with 4,433 franchised, 907 managed, eight owned and leased hotels, and 1,655 total hotels in the pipeline.
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