Michael Glover will take over as CFO for InterContinental Hotels Group, effective March 20, the company announced Tuesday. Glover will succeed Paul Edgecliffe-Johnson, who announced his departure in October ahead of the company’s third-quarter earnings call. Glover currently is IHG’s CFO of the Americas and group head of commercial finance. He previously held positions as group financial controller … Read more
IHG Hotels & Resorts’ third-quarter business travel revenue in the Americas region returned to 2019 levels, the company announced Friday in a quarterly financial update. The company reported a 27.4 percent year-over-year gain in systemwide revenue per available room to $86.63, with average daily rate up 12.6 percent to $128.49 and occupancy up 7.8 percentage … Read more
Parts of InterContinental Hotels Group’s technology systems were breached on Monday, the hotel company announced and confirmed in a filing to the London Stock Exchange. The “unauthorized activity” followed scheduled maintenance of IHG’s app and website Sunday night, according to the release. “IHG is working to fully restore all systems as soon as possible and to assess the … Read more
First-half results for InterContinental Hotels Group showed business travel revenues making month-on-month gains, with June showing just a 1 percent deficit compared to 2019. Rising room rates lifted those results, as business travel volumes themselves remained approximately 10 percent behind pre-pandemic levels, with lingering weakness in the group sector, in particular, “but rates are still … Read more