InterContinental Hotels Group PLC (IHG) is a global hospitality company that operates an asset-light, fee-based business model, primarily franchising and managing hotels rather than owning the underlying real estate. The company manages a diverse portfolio of 19 hotel brands spanning luxury, lifestyle, premium, and essential segments. Key brands include InterContinental Hotels & Resorts, Six Senses, Regent, Kimpton, Hotel Indigo, Crowne Plaza, Holiday Inn, Holiday Inn Express, Staybridge Suites, and Candlewood Suites. IHG generates revenue primarily through franchise fees, management fees, and central system fund assessments, which are driven by hotel room revenues (RevPAR) and net system size growth. Geographically, IHG organizes its operations into three main reportable segments: the Americas, which is its largest market and a significant driver of fee revenue; Europe, Middle East, Asia & Africa (EMEAA); and Greater China. In 2024, the company reported total gross revenue in its system of approximately $33.4 billion, with revenue from reportable segments reaching $2.3 billion. The Americas segment typically accounts for the largest share of operating profit, followed by EMEAA and Greater China. IHG also operates the IHG One Rewards loyalty program, which has over 145 million members and drives a substantial portion of direct bookings across its global estate of over 6,600 hotels and nearly 1 million rooms. The company's competitive position is supported by its scale, diverse brand offerings, and strong presence in both business and leisure travel markets globally.
