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1		-XWiki.wiltonio
	1	+XWiki.AsifF

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1		-US:IHG|UK:IHG|GB:IHG
	1	+US:IHG|UK:IHG|GB:IHG|Great Britain

Content

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7	7	* InterContinental Hotels Group is one of the world’s leading hotel companies.
8	8	* It has nearly 6,000 open hotels in more than 100 countries and a further 1,800 hotels in development pipeline.
9	9	* The group has a portfolio of 17 brands in the Suites, Essentials, Premium and Luxury & Lifestyle categories.
10		-* IHG is an asset-light business and our focus is on growing fee revenues and fee margins, which we can do with limited capital requirements.
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12	12	[[image:IHG0.png||height="177" width="718"]]
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15	15	= Company Overview =
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17		-InterContinental Hotels Group (NYSE:IHG, LSE:IHG) is a global hospitality company, with 17 hotel brands and one of the industry’s largest loyalty programmes. IHG has nearly 6,000 open hotels in more than 100 countries and a further 1,800 hotels in its development pipeline.
	17	+InterContinental Hotels Group (NYSE:IHG, LSE:IHG) is a global hospitality company, with 17 hotel brands and one of the loyalty programmes. IHG has nearly 6,000 open hotels in more than 100 countries and a further 1,800 hotels in its development pipeline.
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20	20	[[image:IHG1.png]]
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27	27	27 JUNE 2022; IHG continues the expansion of its luxury & lifestyle growth in Europe with InterContinental Tirana set to open in 2025.{{footnote}}https://www.ihgplc.com/en/news-and-media/news-releases/2022/ihg-hotels-and-resorts-signs-intercontinental-tirana-a-brand-debut-in-albania{{/footnote}}
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30		-Due to open in 2025, IHG recently signed a Franchise Agreement with Mr. Ram Geci, Owner and President of Geci Group, one of Albania’s leading infrastructure companies, which also specialises in hospitality and tourism. The company has around 20 years’ experience in hospitality, having been a shareholder since 2004 and Sole Owner of Tirana International Hotel, Tirana, Albania, since 2011.
	30	+IHG recently signed a Franchise Agreement with Mr. Ram Geci, Owner and President of Geci Group, one of Albania’s leading infrastructure companies, which also specialises in hospitality and tourism. The company has around 20 years’ experience in hospitality, having been a shareholder since 2004 and Sole Owner of Tirana International Hotel, Tirana, Albania, since 2011.
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33	33	The new-build InterContinental Tirana hotel will have around 300 rooms and suites, a large conference centre with a ballroom and a capacity of up to 1,000 people for MICE (Meetings, Incentives, Conferences & Exhibitions) events and weddings. There will also be a luxury spa, and a rooftop restaurant and bar with panoramic views of the city. The hotel will be located within Tirana’s main Skanderbeg Square, close to key attractions such as the National Historical Museum, Castle of Tirana, Opera House, Art Gallery and the main institutions like the Albanian Parliament, Ministries, National Bank of Albania and Tirana Municipality. The property is just 15 minutes’ drive from Tirana International Airport.
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36	36	**HG Hotels & Resorts launches its premium voco brand in Japan with Osaka signing**
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38		-22 JUNE 2022; HG Hotels & Resorts will launch its popular voco Hotels brand in Japan for the first time, following the signing of a management agreement with NTT Urban Development Corporation (that will be represented via its subsidiary UD Hospitality Management Corporation) that will see it open the flagship voco Osaka Central in 2023.{{footnote}}https://www.ihgplc.com/en/news-and-media/news-releases/2022/ihg-hotels-and-resorts-launches-its-premium-voco-brand-in-japan-with-osaka-signing{{/footnote}}
	38	+22 JUNE 2022; HG Hotels & Resorts will launch its popular voco Hotels brand in Japan, following the signing of a management agreement with NTT Urban Development Corporation (that will be represented via its subsidiary UD Hospitality Management Corporation) that will see it open the flagship voco Osaka Central in 2023.{{footnote}}https://www.ihgplc.com/en/news-and-media/news-releases/2022/ihg-hotels-and-resorts-launches-its-premium-voco-brand-in-japan-with-osaka-signing{{/footnote}}
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41	41	The voco brand has seen phenomenal success since its global launch in 2018, and the signing of voco Osaka Central marks the 75th signing for IHG in just over three years, with 35 high quality properties already open around the world. As IHG experiences an unprecedented period of growth in Japan that’s recently seen it launch the Kimpton, Regent and Holiday Express brands into the market, it is now adding its lifestyle voco brand to its premium offering.
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44		-With a new brand comes a flagship opening, and the 191-room voco Osaka Central will bring a fresh and reliably different offering to Osaka’s accommodation landscape in 2023, with character and style that hasn’t been seen before in the city, and its attentive hosts that make guests feel right at home.
	44	+With a new brand comes a flagship opening, and the 191-room voco Osaka Central will bring a fresh and reliably different offering to Osaka’s accommodation landscape in 2023.
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47	47	**IHG Hotels & Resorts marks 6,000 hotels milestone with spectacular openings and partnerships to reward travellers**
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69	69	* Global system of 885k rooms (6,028 hotels); 68% across midscale segments, 32% across upscale and luxury
70	70	* Signed 16.6k rooms (120 hotels) in Q1, ~~15% more than 2021 and 2020; global pipeline increased to 278k rooms
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72	72	**Americas**
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74	74	Q1 RevPAR was down 8% vs 2019 (up 58% vs 2021). US RevPAR was down 6% vs 2019. Across the region, occupancy was close to 60%, down 6%pts on 2019, whilst rate was up 1%. Holiday Inn Express and its Extended Stay brands exceeded 2019 levels of RevPAR. Demand was boosted by a strong Spring Break vacation period, with leisure rooms revenue 10% higher than 2019 for the quarter overall. Leisure demand is expected to remain strong in the coming quarters. Together with growth in corporate bookings and more group activity and events returning, this should support further progress in both occupancy and rate.{{footnote}}https://www.ihgplc.com/en/-/media/ihg/files/results/2022/q1-2022/q1-trading-update-30-march-2022-6-may-2022.pdf?la=en&hash=85FF8013CD0027CDDE035C2D7EC355BE{{/footnote}}
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93	93	Gross system size growth was +11.3% YOY, with 0.9k rooms (5 hotels) opened in the quarter. Net system size growth was 9.9% YOY on an adjusted basis. There were 6.6k rooms (32 hotels) added to the pipeline.
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96		-**Keith Barr, Chief Executive Officer, IHG Hotels & Resorts, said**
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98		-“We’ve seen very positive trading conditions in the first quarter with travel demand continuing to increase in almost all of its key markets around the world. The high level of demand IHG has seen for leisure travel continues to drive increased rates and occupancy. The company also continue to see a return of business and group travel, further supporting RevPAR improvements in many of its key urban markets. As occupancy levels rise and due to the strength of its brands, its hotels are seeing increased pricing power; in March, its hotels in the US achieved leisure rates up by more than 10% on 2019 levels and rate across the whole of the US business was 4% ahead. Trading in Greater China continues to be impacted by restrictions put in place to control rising Covid cases.
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101		-The company's strategic focus on strengthening and expanding its brand portfolio continues to drive growth. The company signed 17 thousand rooms into its development pipeline in the first quarter, 15% more than in 2021. The company's pipeline of 278 thousand rooms increased 2.4%. Of the 120 hotels signed, there was a particularly strong performance in the Americas with a near-doubling of signings from 39 to 73. Luxury & Lifestyle brands now account for around 20% of all signings, and following the completion of its quality review in 2021 there were 52 signings across the Holiday Inn brand family and 14 for Crowne Plaza, together up 22% on last year. The company's net system size is expanding, and IHG is pleased with the progress towards its ambition of delivering an industry-leading level of net rooms growth.”
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104	104	In April, IHG entered into a new $1.35bn syndicated bank revolving credit facility (RCF). The previous $1.275bn syndicated facility and $75m bilateral facility have been cancelled. The covenant amendments to the previous facility announced in December 2020, which included a relaxation of covenants for the June 2022 and December 2022 and the $400m minimum liquidity covenant, are no longer in effect.
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