BRIEF-IHG Reports Q1 Global Revpar Growth Of 2.6%
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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