InterContinental Hotels Group
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| Type | Public Limited Company |
|---|---|
| Industry | Hotels |
| Founded | 15 April 2003 (origins trace back to 1777) |
| Headquarters | Denham, Buckinghamshire, United Kingdom |
| Key people | Patrick Cescau (Chairman) Richard Solomons (CEO) |
| Services | Hospitality |
| Revenue | US$1,835 million (2012)[1] |
| Operating income | US$614 million (2012)[1] |
| Net income | US$545 million (2012)[1] |
| Divisions | Candlewood Suites Crowne Plaza Even Hotels Holiday Inn Holiday Inn Express Hotel Indigo InterContinental Staybridge Suites |
| Website | [http://www.ihgplc.com |
InterContinental Hotels Group Plc. (informally InterContinental Hotels or IHG) is a British now multinational hotels company headquartered in Denham, UK. It is the largest hotels company in the world measured by rooms (with 646,000 as of January 2010), and has over 4,600 hotels across over 100 countries.[2] Its brands include Candlewood Suites, Crowne Plaza, Even, Holiday Inn, Holiday Inn Express, Hotel Indigo, Hualuxe, InterContinental and Staybridge Suites. Approximately 3,900 of its hotels operate under franchise agreements, 652 are managed by the company but separately owned and 10 are directly owned.[3]
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History[edit]
Bass Hotels[edit]
The origins of InterContinental Hotels Group can be traced back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1876, its red triangle trademark was the first registered in the United Kingdom.[4]
In 1989, the British Government limited the number of pubs which brewers could directly own, resulting in Bass investing in the expansion of its small line of hotels. In 1990, it purchased Holiday Inn International from Kemmons Wilson and expanded into North America.[4]
InterContinental[edit]
Pan American Airways founder Juan Trippe established the InterContinental brand as a division of PanAm and opened the first hotel in Belém, Brazil in 1946. In 1981, holding company InterContinental Hotels Corporation (IHC) was sold to UK-based company Grand Metropolitan. As GrandMet focused its core business and expanded into fast food through the purchase of Burger King, it sold IHC to Japanese based Saison Group in 1988.[4]
In March 1998, Saison Group sold IHC to British brewery Bass, which traces its roots back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1988, in reaction to the British government limiting the number of pubs which brewers could directly own, Bass invested in the expansion of its small line of hotels. In 2000, Bass sold its brewing assets (and the rights to the Bass name) to the major Belgian brewer Interbrew for £2.3 billion and changed its name to Six Continents.[4]
In 2003 the independent corporation InterContinental Hotels Group (IHG) was created after Six Continents split into two companies: Mitchells & Butlers took control of the restaurant assets[5] and IHG focusing on hotels and soft drinks.[4] IHG retained Britvic, the soft drinks division, until December 2005 when it sold its interest in the company by an initial public offering.[6]
Operations[edit]
IHG is primarily engaged in managing hotels owned by other parties and in franchising its hotel brands. That is, it sells its expertise in hotel management, systems, and marketing, while leaving investment in real property, which is far more capital intensive, requires different skills, and has a different risk profile, primarily to its partners. This is not an unusual arrangement in the hotel industry. The 16 corporately-owned hotels include many key properties of company's flagship InterContinental brand.
IHG currently operates and/or franchises hotels in the following countries:
Brands[edit]
- Candlewood Suites
- Crowne Plaza
- Holiday Inn Hotels & Resorts,[7] the number two hotel brand in the world by number of rooms[8]
- Holiday Inn Club Vacations[9]
- Holiday Inn Express (formerly known as Express by Holiday Inn in Europe, Middle East, Africa, Asia Pacific and South America[10]
- Hotel Indigo
- InterContinental
- Staybridge Suites
In February 2012, IHG announced plans for a new wellbeing based concept called Even Hotels[11] and in March 2012 a new luxury concept called "Hualuxe" to be rolled out initially in China.[12]
Priority Club Rewards[edit]
Priority Club Rewards is IHG's worldwide loyalty program. With 60 million global members, Priority Club is the largest loyalty program in the hotel industry.[13] Priority Club Rewards will rebrand itself as "IHG Rewards Club" in July 2013. [14]
Notable properties[edit]
The Crowne Plaza Liverpool John Lennon Airport is the former terminal building of Liverpool Speke Airport, constructed in the 1930s and used until 1986. Its notable art deco features led to its listing as a heritage building, and subsequent adaption as a hotel.[15]
References[edit]
- ^ a b c "Preliminary Results for the year to 31 December 2012" (PDF). InterContinental Hotels Group PLC. Retrieved 16 March 2013.
- ^ "IHG at a glance". InterContinental Hotels Group. Retrieved 20 August 2010.
- ^ "Overview". InterContinental Hotels Group. Retrieved 25 August 2010.
- ^ a b c d e "Intercontinental Hotels History". Ihgplc.com. 1 March 2011. Retrieved 18 April 2011.
- ^ "Our History". Mitchells & Butlers. Retrieved 2011-08-26.
- ^ Nick Golding (12 January 2005). "Britvic IPO sees staff get £750 shares each". Employee Benefits Group. Retrieved 2011-08-26.
- ^ "InterContinental Hotels Group PLC : Our brands – Holiday Inn Hotels & Resorts". Ihgplc.com. 4 April 2011. Retrieved 18 April 2011.
- ^ "The Top 43 Hotel Brands Ranked by Number of Rooms". Hotel-Online. 3 September 2010. Retrieved 2011-08-26.
- ^ "IHG PLC – Holiday Inn Club Vacations fact sheet" (PDF). Retrieved 18 April 2011.
- ^ "InterContinental Hotels Group PLC : Our brands – Holiday Inn Express". Ihgplc.com. 4 April 2011. Retrieved 18 April 2011.
- ^ "IHG launches health and fitness-oriented hotel brand". USA Today. Retrieved 12 April 2012.
- ^ "IHG targets Chinese consumer base with Hualuxe". Hotel News Now. Retrieved 12 April 2012.
- ^ "Priority Club Rewards". IHG. 9 August 2011. Retrieved 2011-08-26.
- ^ "Priority Club Rewards is now IHG Rewards Club". IHG. 24 March 2013. Retrieved 2013-03-26.
- ^ "Recent History and Current Developments". Friends of Liverpool Airport. Retrieved 2008-09-09.
External links[edit]
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Wikimedia Commons has media related to: InterContinental hotels |
- Corporate website
- Customer website (Mobile)
- IHG Corporate History
- IHG Global Hotel Directory
- Yahoo profile
- Priority Club Rewards
- A history of the Intercontinental Hotels Group by cosmopolis.ch
- Priority Club website
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