InterContinental Hotels Group
InterContinental Hotels reports $1bn profit and announces buyback
Holiday Inn owner InterContinental Hotels Group (LSE: IHG) reported an 87% jump in 2023 pretax profit to over $1 billion and launched a new $800 million share buyback programme. IHG’s revenue rose 19% to $4.62 billion, with growth seen across all regions. The company proposed a 10% higher