InterContinental Hotels Group

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InterContinental Hotels Group PLC
TypePublic Limited Company
Traded asNYSEIHG LSEIHG
IndustryHotels
Founded15 April 2003 (origins trace back to 1777)
HeadquartersDenham, Buckinghamshire, United Kingdom
Key peoplePatrick Cescau (Chairman)
Richard Solomons (CEO)
ServicesHospitality
Revenue£1,835 million (2012)[1]
Operating income£614 million (2012)[1]
Net income£545 million (2012)[1]
Employees7,981 (excluding franchises)
DivisionsCandlewood Suites
Crowne Plaza
Even Hotels
Holiday Inn
Holiday Inn Express
Hotel Indigo
InterContinental
Staybridge Suites
Websitewww.ihgplc.com
 
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InterContinental Hotels Group PLC
TypePublic Limited Company
Traded asNYSEIHG LSEIHG
IndustryHotels
Founded15 April 2003 (origins trace back to 1777)
HeadquartersDenham, Buckinghamshire, United Kingdom
Key peoplePatrick Cescau (Chairman)
Richard Solomons (CEO)
ServicesHospitality
Revenue£1,835 million (2012)[1]
Operating income£614 million (2012)[1]
Net income£545 million (2012)[1]
Employees7,981 (excluding franchises)
DivisionsCandlewood Suites
Crowne Plaza
Even Hotels
Holiday Inn
Holiday Inn Express
Hotel Indigo
InterContinental
Staybridge Suites
Websitewww.ihgplc.com

InterContinental Hotels Group PLC informally InterContinental Hotels or IHG is a British multinational hotels company headquartered in Denham, UK. It is the largest hotel company in the world measured by rooms (with 675,982 as of December 2012), and has over 4,600 hotels across over 100 countries.[2] Its brands include Candlewood Suites, Crowne Plaza, Even, Holiday Inn, Holiday Inn Express, Hotel Indigo, Hualuxe, InterContinental and Staybridge Suites. Of the 4,602 hotels, 3,934 operate under franchise agreements, 658 are managed by the company but separately owned, and 10 are directly owned.[3]

History[edit]

Bass Hotels[edit]

The origins of InterContinental Hotels Group can be traced back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1876, its red triangle trademark was the first registered in the United Kingdom.[4]

In 1989, the British Government limited the number of pubs which brewers could directly own, resulting in Bass investing in the expansion of its small line of hotels. In 1990, it purchased Holiday Inn International from Kemmons Wilson and expanded into North America.[4]

InterContinental[edit]

Pan American Airways founder Juan Trippe established the InterContinental brand as a division of PanAm and opened the first hotel in Belém, Brazil in 1946. In 1981, holding company InterContinental Hotels Corporation (IHC) was sold to UK-based company Grand Metropolitan. As GrandMet focused its core business and expanded into fast food through the purchase of Burger King, it sold IHC to Japanese based Saison Group in 1988.[4]

In March 1998, Saison Group sold IHC to British brewery Bass, which traces its roots back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1988, in reaction to the British government limiting the number of pubs which brewers could directly own, Bass invested in the expansion of its small line of hotels. In 2000, Bass sold its brewing assets (and the rights to the Bass name) to the major Belgian brewer Interbrew for £2.3 billion and changed its name to Six Continents.[4]

In 2003, the independent corporation InterContinental Hotels Group (IHG) was created after Six Continents split into two companies: Mitchells & Butlers took control of the restaurant assets[5] and IHG focusing on hotels and soft drinks.[4] IHG retained Britvic, the soft drinks division, until December 2005 when it sold its interest in the company by an initial public offering.[6]

Operations[edit]

IHG is primarily engaged in managing hotels owned by other parties and in franchising its hotel brands. That is, it sells its expertise in hotel management, systems, and marketing, while leaving investment in real property, which is far more capital intensive, requires different skills, and has a different risk profile, primarily to its partners. This is not an unusual arrangement in the hotel industry. The 10 company-owned hotels include many key properties of company's flagship InterContinental brand.

IHG currently operates and/or franchises hotels in the following countries:

An IHG hotel in Hanoi, Vietnam

Andorra
Argentina
Aruba
Australia
Austria
Aqaba
Azerbaijan
Bahrain
Bangladesh
Belarus
Belgium
Brazil
Bulgaria
Cambodia
Canada
Chile
China
Colombia
Costa Rica
Cyprus
Czech Republic
Denmark
Dubai
Dominican Republic
Egypt
El Salvador

Eritrea

Fiji
Finland
France
French Polynesia
Germany
Georgia
Ghana
Greece
Guatemala
Honduras
Hong Kong
Hungary
India
Indonesia
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Korea, Republic of
Kuwait
Lebanon

Libya

Lithuania
Macedonia
Malaysia
Maldives
Malta
Mauritius
Mexico
Mozambique
Nepal
Netherlands
New Zealand
Nicaragua
Nigeria
Oman
Pakistan
Palestinian National Authority
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Romania

Russia

Saudi Arabia
Serbia
Singapore
Slovakia
South Africa
Spain
Sri Lanka
Sweden
Switzerland
Taiwan
Thailand
Trinidad & Tobago
Turkey
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
United States Virgin Islands
Venezuela
Vietnam
Yemen
Zambia

Zimbabwe

Brands[edit]

A 4* upmarket Holiday Inn in Belfast City Centre
An Uptown Houston Hotel Indigo
InterContinental Boston

In February 2012, IHG announced plans for a new wellbeing based concept called Even Hotels[11] and in March 2012, a new luxury concept called "Hualuxe" to be rolled out initially in China.[12]

IHG Rewards Club[edit]

IHG Rewards Club is IHG's worldwide loyalty program, which replaced Priority Club Rewards in July 2013. The loyalty scheme was first introduced in 1983, and now has 74 million members around the world.[13]

IHG Business Advantage[edit]

Business Advantage is IHG's corporate programme designed for small and medium size businesses. As well as providing an easier way to organise, book and pay for hotel accommodation, Business Advantage also entitles their account holders to preferential rates at all IHG’s hotels across the UK and Northern Ireland.[14]

Notable properties[edit]

The Crowne Plaza Liverpool John Lennon Airport is the former terminal building of Liverpool Speke Airport, constructed in the 1930s and used until 1986. Its notable art deco features led to its listing as a heritage building, and subsequent adaption as a hotel.[15]

References[edit]

  1. ^ a b c "Preliminary Results for the year to 31 December 2012" (PDF). InterContinental Hotels Group PLC. Retrieved 16 March 2013. 
  2. ^ "IHG at a glance". InterContinental Hotels Group. Retrieved 20 August 2010. 
  3. ^ "Annual Report 2012". IHG Report. Retrieved 28 July 2013. 
  4. ^ a b c d e "Intercontinental Hotels History". Ihgplc.com. 1 March 2011. Retrieved 18 April 2011. 
  5. ^ "Our History". Mitchells & Butlers. Retrieved 2011-08-26. 
  6. ^ Nick Golding (12 January 2005). "Britvic IPO sees staff get £750 shares each". Employee Benefits Group. Retrieved 2011-08-26. 
  7. ^ "InterContinental Hotels Group PLC : Our brands – Holiday Inn Hotels & Resorts". Ihgplc.com. 4 April 2011. Retrieved 18 April 2011. 
  8. ^ "The Top 43 Hotel Brands Ranked by Number of Rooms". Hotel-Online. 3 September 2010. Retrieved 2011-08-26. 
  9. ^ "IHG PLC – Holiday Inn Club Vacations fact sheet" (PDF). Retrieved 18 April 2011. 
  10. ^ "InterContinental Hotels Group PLC : Our brands – Holiday Inn Express". Ihgplc.com. 4 April 2011. Retrieved 18 April 2011. 
  11. ^ "IHG launches health and fitness-oriented hotel brand". USA Today. Retrieved 12 April 2012. 
  12. ^ "IHG targets Chinese consumer base with Hualuxe". Hotel News Now. Retrieved 12 April 2012. 
  13. ^ "IHG® Rewards Club". InterContinental Hotels Group. Retrieved 7 August 2013. 
  14. ^ "IHG Business Advantage". 
  15. ^ "Recent History and Current Developments". Friends of Liverpool Airport. Retrieved 2008-09-09. 

External links[edit]