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InterContinental Hotels Group PLC (NYSE:IHG), a global hospitality leader with a market capitalization of $19.66 billion, announced today the release of its Annual Financial Report for the year 2024. The company, which generated revenue of $4.92 billion in the last twelve months, released the report detailing its performance and strategic direction. According to InvestingPro analysis, IHG currently appears to be trading above its Fair Value, with analysts setting price targets between $111 and $141.
The documents provided include the Annual Report and Form 20-F 2024, the Chair’s Letter, and the Directors’ Remuneration Policy. These documents are accessible for inspection on the National Storage Mechanism and can also be found on the company’s website. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with over 10 exclusive ProTips and detailed financial metrics, including the company’s strong financial health score of "GOOD."
In addition to the digital availability, shareholders have the option to request a free hard copy of the Annual Report and Form 20-F 2024 by contacting the Company Secretary’s Office at InterContinental Hotels Group PLC’s headquarters in Windsor, Berkshire, United Kingdom (TADAWUL:4280).
The company also announced that its 2025 Annual General Meeting is scheduled for May 8, 2025, with a Notice of Meeting to be sent to shareholders shortly.
InterContinental Hotels Group PLC, known for its diverse portfolio of brands including Six Senses, Regent, Kimpton, and Holiday Inn, operates over 6,600 hotels worldwide and has a development pipeline of more than 2,200 properties. The company, which maintains a moderate debt level and offers a dividend yield of 0.85%, has demonstrated its commitment to providing True Hospitality for Good through its large-scale global presence and the employment of approximately 385,000 individuals across its hotels and corporate offices.
This announcement follows IHG’s consistent approach to transparency and compliance with the Disclosure Guidance and Transparency Rules. The company’s latest news and updates can be found on its Newsroom and LinkedIn page. This article is based on a press release statement.
In other recent news, InterContinental Hotels Group PLC announced its acquisition of the Ruby brand from Ruby SARL for approximately €110.5 million (~$116 million). This strategic move adds Ruby’s 20 hotels across Europe to IHG’s portfolio, with plans for rapid global expansion. The integration of these hotels is expected to begin in 2025, with completion by March 2026, and aims to increase IHG’s global system size. Additionally, IHG initiated a share buyback program, planning to purchase up to $900 million worth of its ordinary shares. This initiative aligns with the company’s strategy to return surplus capital to shareholders and is set to conclude by December 2025. In another development, Bernstein analysts upgraded InterContinental Hotels Group’s stock rating from Underperform to Market Perform, citing recent stock price declines and earnings adjustments following a credit card agreement. The analysts expressed optimism about the company’s Revenue Per Available Room (RevPAR) in key markets like the U.S. and China, which could reduce the likelihood of future earnings misses. These recent developments highlight IHG’s strategic efforts to enhance its market position and shareholder value.
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