BRIEF-IHG Reports Q1 Global Revpar Growth Of 2.6%

Author Logo | Fri, 03 May 2024 06:15:02 GMT

May 3 (Reuters) – InterContinental Hotels Group PLC :

* INTERCO. HOTELS GRP – 2024 FIRST QUARTER TRADING UPDATE

* IHG: Q1 GLOBAL REVPAR +2.6% YOY, WITH AMERICAS -0.3%, EMEAA +8.9% AND GREATER CHINA +2.5%

* IHG: $239M OF 2024’S $800M SHARE BUYBACK PROGRAMME COMPLETED TO DATE, REDUCING SHARE COUNT BY 1.4%

* IHG: OPENED MORE THAN 6,200 ROOMS ACROSS 46 HOTELS IN QUARTER, SIGNED NEARLY 18,000 ROOMS ACROSS 129 PROPERTIES TO INCREASE OUR PIPELINE +6.6% YOY

* IHG: 2024 SHARE BUYBACK PROGRAMME AND ORDINARY DIVIDEND PAYMENTS ARE EXPECTED TO RETURN OVER $1BN TO SHAREHOLDERS DURING YEAR Further company coverage:

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