IHG Hotels & Resorts
InterContinental Hotels Group plc, marketed as IHG Hotels & Resorts, and informally referred to as InterContinental Hotels or IHG, is a British multinational hospitality company headquartered in Denham, Buckinghamshire, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
|IHG Hotels & Resorts|
|Type||Public limited company|
|Founded||15 April 2003|
|Headquarters||Denham, Buckinghamshire, England, UK|
Number of locations
886,036 rooms (2020)
|Revenue||US$2.394 billion (2020)|
|US$(153) million (2020)|
|US$(260) million (2020)|
Number of employees
The origins of the business can be traced back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1875, its red triangle logo was the first ever trademark registered in the United Kingdom.
The company later changed its name and, in 1969, Bass Charrington, as it was known at the time, launched the Crest Hotel chain, marking its first entry into the lodging sector.
In 1988, 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.
Pan American Airways founder Juan Trippe established the American Intercontinental Hotels chain as a division of Pan Am and opened the first hotel in Belém, Brazil in 1946. On 19 August 1981, Pan Am sold the holding company Inter-Continental Hotels Corporation (IHC) to UK-based Grand Metropolitan for $500 million. 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.
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 Belgian brewer Interbrew for £2.3 billion and changed its name to Six Continents.
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, while IHG focused on hotels and soft drinks. IHG retained Britvic, the soft drinks division, until December 2005 when it sold its interest in the company by an initial public offering.
In April 2017, the company announced that it been the subject of a malware attack and hackers had stolen credit card details.
In February 2021, IHG announced an annual loss of $153 million due to the restrictions of the Covid-19. However, it is expected that the Holiday Inn Express brand would help in the recovery process.
The company worldwide headquarters and Europe offices are in Denham, Buckinghamshire in England. The Americas office is in Dunwoody, Georgia in Greater Atlanta. The South East Asia & Korea offices are in Singapore, Australasia offices in Sydney, Japan offices in Tokyo, India Middle East & Africa offices in Dubai, and the Greater China offices are in Pudong, Shanghai. In 2006, IHG and Lend Lease Group (Lend Lease US Public Partnerships), joined forces in the Privatization of Army Lodging program.
As of 2012, of IHG's more than 5,400 hotels, 4,433 are operated under franchise agreements, 907 were managed by the company but separately owned, and eight were directly owned. As at 31 March 2019, IHG has 842,759 guest rooms and 5,656 hotels across nearly 100 countries.
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".
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.
In February 2017, the hotel chain admitted to a data breach. They asserted that the compromise was minor, having impacted 12 properties. However, in April 2017 it raised the number to 1,200 hotels. The attackers had installed malware designed to access payment card data, which could be used to clone cards and make fraudulent payments.
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.
In July 2016 Intercontinental Adelaide was responsible for giving at least 70 diners salmonella food poisoning. Twenty-one of these people had to be treated at hospital.
In September 2017 a consumer rights group accused Intercontinental Beijing Sanlitun of substandard hygiene conditions. Specifically during an undercover operation they had marked bed linen and toilets with an invisible stamp. Upon returning the next day the marks were still there.
In April 2015 IHG changed the terms and conditions of their Priority Club. Up until then the points were awarded for life and members were told that they would never expire. Following the change, points will now expire if no 'earn' or 'redeem' activity occurs within 12 consecutive months. Many of those members never received any communication about the change and their points expired.
IHG has 16 brands marketed under four collections, including:
The Luxury & Lifestyle CollectionEdit
- Six Senses Hotels Resorts Spas
- Regent Hotels & Resorts
- InterContinental Hotels & Resorts
- Kimpton Hotels & Restaurants
- Hotel Indigo
The Premium CollectionEdit
The Essentials CollectionEdit
The Suites CollectionEdit
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.
InterContinental Group is eliminating the travel-sized tubes of shampoo, conditioner and bath gel from its 843,000 rooms across its global chain of hotels.
- "IHG global presence". InterContinental Hotels Group PLC. Retrieved 15 March 2021.
- "Annual Results 2020" (PDF). InterContinental Hotels Group PLC. Retrieved 25 February 2021.
- "IHG 2020 20-F". SEC. Retrieved 4 April 2021.
- "InterContinental Hotels Group PLC ADS". The Wall Street Journal. Retrieved 1 September 2014.
- "Our History". Intercontinental Hotels Group. ihgplc.com. Retrieved 27 January 2018.
- "Bass / Six Continents". Ad Brands. Retrieved 5 August 2018.
- "Grand Met Hotel Sale Indicated". The New York Times. 30 September 1988. Retrieved 27 January 2018.
- "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.
- "Our History". Mitchells & Butlers. Retrieved 26 August 2011.
- Nick Golding (12 January 2005). "Britvic IPO sees staff get £750 shares each". Employee Benefits Group. Archived from the original on 26 July 2011. Retrieved 26 August 2011.
- "Holiday Inn hotel chain reveals malware attack that stole credit card info". USA Today. 10 April 2017. Retrieved 26 April 2017.
- "Holiday-Inn owner IHG posts annual loss on COVID-19 slowdown". Arab News. 23 February 2021. Retrieved 23 February 2021.
- Regional Headquarters
- "Denham Location Map" (PDF). InterContinental Hotels Group. Archived from the original (PDF) on 9 August 2014. Retrieved 15 December 2014.
IHG, Broadwater Park North Orbital Road, Denham, Buckinghamshire UB9 5HR
- "Map of Dunwoody". City of Dunwoody. Archived from the original on 19 September 2010. Retrieved 29 September 2010.
- "Privatized Army Lodging". Retrieved 24 April 2014.
- "Annual Report 2012" (PDF). IHG. Retrieved 28 July 2013.
- "IHG overview". InterContinental Hotels Group. Retrieved 11 September 2018.
- Branigan, Tania (23 May 2013). "Tibetan activists launch boycott of InterContinental over hotel plans". The Guardian. Retrieved 18 November 2017.
- 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.
- Osborne, Charlie. "InterContinental data breach expands from 12 to 1,200 hotels". ZDNet.com. Retrieved 18 November 2017.
- "Hotels chains 'breaching VAT rules'". The Telegraph. 5 February 2016. Retrieved 18 November 2017.
- Inman, Phillip (10 November 2017). "Sadi
Khan: Holiday Inn owner has broken vow to pay living wage". The Guardian. Retrieved 18 November 2017.
- "Eggs blamed for salmonella outbreak at Adelaide's InterContinental - ABC News (Australian Broadcasting Corporation)". Abc.net.au. 15 August 2016. Retrieved 27 February 2020.
- "Video sparks hygiene concerns in Beijing hotels, East Asia News & Top Stories". The Straits Times. 11 September 2017. Retrieved 27 February 2020.
- "REMINDER: IHG Rewards Club Points Expire If No Activity For 12 Months!". LoyaltyLobby. Retrieved 27 February 2020.
- "IHG Hotels & Resorts sets the stage for when travellers are ready to re-connect and open up their world". IHG Hotels & Resorts. Retrieved 3 March 2019.
- "Recent History and Current Developments". Fola.org.uk. Friends of Liverpool Airport. Archived from the original on 24 June 2012. Retrieved 9 September 2008.
- Vincent, Roger (23 September 2014). "Hotel under construction in downtown L.A. will be an InterContinental". Los Angeles Times.
- "The building they said they couldn't build". Phaidon. 8 April 2014. Retrieved 9 March 2018.
- Crous, André (5 October 2014). "Hotel International Prague: A red-letter hotel". The Prague Post. Archived from the original on 10 November 2017. Retrieved 10 November 2018.
- Business, Jordan Valinsky, CNN. "Holiday Inn owner ditches tiny hotel soaps and shampoos". CNN. Retrieved 21 November 2019.