Intercontinental Hotels (IHG) has released an update.
InterContinental Hotels Group PLC reported a 2.6% year-over-year increase in global RevPAR for the first quarter of 2024, with notable growth in the EMEAA region and a robust pipeline expansion including a significant agreement in Germany expected to boost system size by 1.9%. The company also highlighted a substantial share buyback progress, with $239 million already spent, and ongoing investments to enhance shareholder returns and market presence. IHG’s strategic initiatives aim to capitalize on the full return of leisure, business, and group travel, evidenced by their system growth and strengthened positioning in key markets.
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