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IHG revenue jumps as it swings to operating profit

InterContinental Hotels Group reported strong trading in its final results on Tuesday, with global revenue per available room (RevPAR) increasing 16.1% year-on-year for 2023, with a notable 7.6% increase in the fourth quarter alone.

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IHG announced full year results for the year to 31 December 2023 - TravelDailyNews International

IHG announced full year results for the year to 31 December 2023 - TravelDailyNews International
traveldailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.com Daily Mail and Mail on Sunday newspapers.

Elie maaloufSystem fundGreater chinaChief executive officeChief executive officer

InterCo Hotels starts USD800 million buyback as profit jumps

InterContinental Hotels Group PLC on Tuesday said it anticipated attractive long-term growth drivers as it announced an annual profit jump and a new share buyback programme. The Windsor,.

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Holiday Inn owner pledges bumper shareholder returns after record £794m earnings

The firm pledged to return over one billion US dollars (£794 million) to shareholders this year in dividends and share buyouts after the bumper profits haul

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IHG s Full Year Results for the year to 31 December 2023

I was honoured to take over as IHG’s group CEO in July and would like to thank our teams for delivering an excellent set of results. Travel demand was strong across all markets, with RevPAR up 16% on last year and 11% ahead of the 2019 pre-pandemic peak. Combined with the power of our enterprise and efficient operating model, profit from reportable segments grew 23% and exceeded one billion dollars for the first time, and adjusted EPS grew 33%. Today we are announcing a further $800m share buyback programme, which together with ordinary dividends is expected to return over $1bn to shareholders in 2024.

Elie maaloufSystem fundIntercontinental hotels groupGreater chinaChief executive officerTrue hospitality

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