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InterContinental Hotels Group plc
Company typePublic limited company
LSE: IHG
NYSE: IHG
FTSE 100 Component
ISINGB00BHJYC057 Edit this on Wikidata
IndustryHospitality
Founded2003 April 15 (origins trace back to 1777)
HeadquartersDenham, Buckinghamshire, United Kingdom
Key people
Patrick Cescau(Chairman)
Keith Barr
(CEO)
ProductsHotels, resorts
BrandsRegent Hotels & Resorts, InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN Hotels®, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, voco™ Hotels, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®
RevenueUS$1.784 billion (2017)[1]
US$759 million (2017)[1]
US$593 million (2017)[1]
Number of employees
12,899 (2022) Edit this on Wikidata
Websitewww.ihgplc.com

InterContinental Hotels Group plc, informally InterContinental Hotels or IHG, is a British multinational hospitality company headquartered in Denham, Buckinghamshire.[2] IHG has nearly 799,923 guest rooms and more than 5,367 hotels across nearly 100 countries.[3] IHG has a broad portfolio of brands, including Candlewood Suites, Crowne Plaza, Even Hotels, Holiday Inn, Holiday Inn Express, Hotel Indigo, Hualuxe, InterContinental, Kimpton Hotels and Resorts and Staybridge Suites.[4] Additionally, in March 2018, IHG announced that it has agreed to buy a 51% majority stake in Regent Hotels for $39 million and hopes to expand the brand's footprints to 40 hotels from the current six hotels.[5]

As of 2012, of IHG's more than 5,300 hotels, 4,433 are operated under franchise agreements, 907 were managed by the company but separately owned, and eight were directly owned.[6]

History

Bass Hotels

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 logo was the first ever trademark registered in the United Kingdom.[7]

In 1969, Bass Charrington as it was at the time launched the Crest Hotel chain, marking its first entry into the lodging sector as it made steps to diversify its portfolio.

In 1989, the British Government limited the number of pubs which brewers could directly own, resulting in Bass's further investing in the expansion of its hotel business, this led to it purchasing Holiday Inn International from shareholders and expanded into North America.[7]

InterContinental

Pan American Airways founder Juan Trippe established the Intercontinental Hotels chain as a division of PanAm and opened the first hotel in Belém, Brazil in 1946. On August 19, 1981, PanAm sold the holding company Inter-Continental Hotels Corporation (IHC) to UK-based Grand Metropolitan for $500 million.[8] As GrandMet focused its core business and expanded into fast food through the purchase of Burger King, it sold IHC to the Japanese-based Saison Group in 1988.[9]

In March 1998, Saison Group sold IHC to the British brewery Bass. 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.[7]

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,[10] while IHG focused on hotels and soft drinks.[7] IHG retained Britvic, the soft drinks division, until December 2005 when it sold its interest in the company by an initial public offering.[11] In April/May 2014, the company reportedly rejected a $10 billion takeover bid from an unknown suitor, believed to be Starwood.[12]

In April 2017, the company announced that it been the subject of a malware attack and hackers had stolen credit card details.[13]

Operations

Atrium interior at the Holiday Inn Sarasota Airport in Sarasota, Florida; 3 or 4 star upmarket hotel
An Uptown Houston Hotel Indigo
InterContinental Foshan
InterContinental Mark Hopkins San Francisco
Lounge InterContinental Singapore

The company worldwide headquarters and Europe offices are in Denham, Buckinghamshire in England.[14][15] The Americas office is in Dunwoody, Georgia in Greater Atlanta.[14][16] The Asia, Middle East, and Africa offices are in Singapore. The Greater China offices are in Pudong, Shanghai.[14]

In 2006, IHG and Lend Lease Group (Lend Lease US Public Partnerships), joined forces in the Privatization of Army Lodging program.[17] IHG Army Hotels is a division of IHG that manages on-post hotels and lodgings in 39 different locations in the U.S., including Puerto Rico.[18]

Criticism

International boycott

The InterContinental Hotels Group became the target of an international boycott campaign in May 2013, over their plan to operate an Intercontinental-brand luxury hotel in Lhasa, Tibet. According to campaigners from the Free Tibet campaign, the hotel was a "PR coup for the Chinese government".[19]

Price fixing

In July 2012, the Office of Fair Trading alleged that IHG had broken competition law by preventing online travel agents from discounting the price of room-only hotel accommodation. In February 2014, IHG agreed to end the practice of price fixing.[20]

Data breach

In February 2017, the hotel chain admitted to a data breach. They asserted that the compromise was rather minor, having only impacted 12 properties. However, in April 2017 it raised the number to 1200 hotels. The attackers had installed malware designed to access payment card data, which could be used to clone cards and make fraudulent payments.[21]

VAT rules

In May 2012, the UK Advertising Standards Authority (ASA) warned IHG that it must not use adverts showing prices for hotel rooms excluding VAT. Because the ASA thought the adverts were likely to be viewed by consumers who must pay VAT, it had decided the adverts were misleading. It ordered IHG that the ads must not appear in their current form again. However, in August 2012, a report by Which? magazine showed that the hotel chain was still breaching VAT rules.[22]

Living wage

In November 2017, the Mayor of London, Sadiq Khan, accused the hotel chain of reneging on a commitment to pay the living wage.[23]


Racial Discrimination

In July 2015 a Romanian Hull University graduate was refused a room because staff wrongly labelled her a prostitute. The victim was told that they didn't accept Romanians due to prostitution fears.[24]


Brands

IHG Group has several brands:

Additionally, in March 2018, the IHG announced that it has agreed to buy a 51% majority stake in Regent Hotels for $39 million and hopes to expand the brand's footprints to 40 hotels from the current six hotels.[29]

Notable properties

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.[30]

The hotel in the Wilshire Grand Tower in downtown Los Angeles is the largest InterContinental in the Americas and the tallest building in Los Angeles.[31]

The InterContinental Davos is well known for its modern architecture.[32]

Other notable properties include the historical InterContinental Paris Le Grand Hotel, the InterContinental Bordeaux Le Grand Hotel in France, and the InterContinental Amstel Amsterdam in the Netherlands.

References

  1. ^ a b c "Annual Report 2017" (PDF). InterContinental Hotels Group PLC. Retrieved 9 March 2018.
  2. ^ "InterContinental Hotels Group PLC ADS". The Wall Street Journal. Retrieved 1 September 2014.
  3. ^ "IHG overview". InterContinental Hotels Group. Retrieved 10 March 2014.
  4. ^ "Profile:InterContinental Hotels Group PLC (IHG)". Reuters. Retrieved 1 September 2014.
  5. ^ "InterContinental Hotels buys majority stake in Regent Hotels". Reuters. 14 March 2018. Retrieved 14 March 2018.
  6. ^ "Annual Report 2012" (PDF). IHG. Retrieved 28 July 2013.
  7. ^ a b c d "Our History". Intercontinental Hotels Group. ihgplc.com. Retrieved 27 January 2018.
  8. ^ "Pan Am Unit Sale". The New York Times. 11 September 1981. Retrieved 27 January 2018.
  9. ^ "Tokyo Group to Buy Hotel Chain for $2.27 Billion: British Owner Accepts Seibu Saison's Cash Offer for Inter-Continental". LA Times. 1 October 1988. Retrieved 9 March 2018.
  10. ^ "Our History". Mitchells & Butlers. Retrieved 26 August 2011.
  11. ^ Nick Golding (12 January 2005). "Britvic IPO sees staff get £750 shares each". Employee Benefits Group. Retrieved 26 August 2011.
  12. ^ "InterContinental refuses a takeover bid worth $10bn, claims report". International Travel News. Retrieved 26 May 2014.
  13. ^ "Holiday Inn hotel chain reveals malware attack that stole credit card info". USA Today. 10 April 2017. Retrieved 26 April 2017.
  14. ^ a b c "Contact Us". InterContinental Hotels Group. Archived from the original on 17 August 2014. Global headquarters and Europe office InterContinental Hotels Group PLC Broadwater Park Denham Buckinghamshire UB9 5HR UK {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  15. ^ "Denham Location Map" (PDF). InterContinental Hotels Group. Archived from the original (PDF) on 17 August 2014. Retrieved 15 December 2014. IHG, Broadwater Park North Orbital Road, Denham, Buckinghamshire UB9 5HR {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  16. ^ "Map of Dunwoody". City of Dunwoody. Archived from the original on 19 September 2010. Retrieved 29 September 2010. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  17. ^ "Privatized Army Lodging". Retrieved 24 April 2014.
  18. ^ "IHG Army Hotels portfolio to reach 39 U.S. military installations". Hotel Management. Retrieved 24 April 2014.
  19. ^ Branigan, Tania (23 May 2013). "Tibetan activists launch boycott of InterContinental over hotel plans". The Guardian. Retrieved 18 November 2017.
  20. ^ George, Sara (31 January 2014). "Investigation into the hotel online booking sector". webarchive.NationalArchives.gov.uk. Archived from the original on 2 April 2014. Retrieved 18 November 2017. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  21. ^ Osborne, Charlie. "InterContinental data breach expands from 12 to 1,200 hotels". ZDNet.com. Retrieved 18 November 2017.
  22. ^ "Hotels chains 'breaching VAT rules'". The Telegraph. 5 February 2016. Retrieved 18 November 2017.
  23. ^ Inman, Phillip (10 November 2017). "Sadiq Khan: Holiday Inn owner has broken vow to pay living wage". The Guardian. Retrieved 18 November 2017.
  24. ^ https://www.mirror.co.uk/news/uk-news/student-turned-away-holiday-inn-6112932
  25. ^ "InterContinental Hotels Group PLC : Our brands – Holiday Inn Hotels & Resorts". Ihgplc.com. 4 April 2011. Retrieved 18 April 2011.
  26. ^ "The Top 43 Hotel Brands Ranked by Number of Rooms". Hotel-Online. 3 September 2010. Retrieved 26 August 2011.
  27. ^ "IHG PLC – Holiday Inn Club Vacations fact sheet" (PDF). Retrieved 18 April 2011.
  28. ^ "InterContinental Hotels Group PLC : Our brands – Holiday Inn Express". Ihgplc.com. 4 April 2011. Retrieved 18 April 2011.
  29. ^ "InterContinental Hotels buys majority stake in Regent Hotels". Reuters. 14 March 2018. Retrieved 14 March 2018.
  30. ^ "Recent History and Current Developments". Fola.org.uk. Friends of Liverpool Airport. Archived from the original on 24 June 2012. Retrieved 9 September 2008. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  31. ^ Vincent, Roger (23 September 2014). "Hotel under construction in downtown L.A. will be an InterContinental". Los Angeles Times.
  32. ^ "The building they said they couldn't build". Phaidon. 8 April 2014. Retrieved 9 March 2018.
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