Intercontinental Hotels (IHG) has released an update.
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InterContinental Hotels Group PLC has announced adjustments to its System Fund arrangements, including a reduction in the standard loyalty assessment fee and enhancements to marketing and loyalty program benefits. The company reported a significant growth in System Fund revenues, achieving $1,564 million in 2023, a 27% increase over five years, fueled by the expansion of its IHG One Rewards program and overall enterprise growth. Additionally, IHG plans to incorporate a portion of its ancillary revenues, such as loyalty point sales, into its reported segments, forecasting an incremental $25 million to revenue and operating profit in 2024.
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