London, June 8, 2026, 16:03 (BST)
IHG shares were up 1.05% at $163.50 in late London trade on Monday, close to recent highs. The Holiday Inn parent announced another buyback, and investors kept backing hotel stocks, betting on steady travel demand. IHG was last quoted at 16:03 BST, with the London session set to close at 16:30.
IHG’s dollar quote isn’t just for New York. Its ordinary shares on the London Stock Exchange have traded in U.S. dollars since Jan. 2 after the company said it switched from pounds to align with its dollar-based reporting.
IHG bought 10,000 ordinary shares on June 5, paying an average $162.0043 each, it said Monday in a filing. The purchase was handled by Goldman Sachs International on the London Stock Exchange. IHG plans to cancel these shares, removing them from the market.
The purchase is part of a 2026 capital-return program. A share buyback happens when a company buys back its own shares, returning capital and lowering the share count. IHG said in May it had already bought $240 million of a planned $950 million 2026 buyback, reducing shares by 1.1%. CEO Elie Maalouf said at the time the company saw “better than expected demand in most regions,” noting strength in the U.S. and faster growth in China helped first-quarter trading. InterContinental Hotels Group PLC
IHG got a boost from its first-quarter numbers. Reuters said on May 7 that IHG beat forecasts for room revenue, with global RevPAR up 4.4% instead of the 3.3% expected. RevPAR tracks room sales across available hotel rooms. Shares climbed about 4% that day. IHG did warn about a hit from the Middle East due to conflict.
IHG CFO Michael Glover told investors on the May results call to keep an eye on room revenue. Glover said each point change in RevPAR means “$12 million-$13 million” for base management fees, while some weaker Middle East performance might take a bite out of incentive fees. Investing
The gain didn’t stand out from the rest of the hotel sector. U.S.-listed Marriott International rose $2.94 to $395.45 Monday morning and Hilton Worldwide gained $1.08 to $344.18, based on market data.
FTSE 100 adds as oil pulls back, giving lift to travel stocks The broad market rose with the FTSE 100 up on Monday after oil prices dropped from earlier highs, The Times said. That gave some support to travel and consumer names, though hotel companies still face risks in the region.
But the risk on the downside hasn’t gone away. If oil rises or Middle East trouble hits broader travel, RevPAR growth from other regions may need to pick up the slack. Glover told analysts IHG hasn’t seen travelers cancel trips “because of an extra bit of $100 or more of gas prices,” though that’s just the latest read, not a sure thing. Hotel Dive
IHG pushed growth news again, logging new deals in Taiwan and India last week and giving updates on its conversational AI search tech. All this goes into its pipeline—hotels signed but still to open—which has helped keep investors interested as share buybacks keep going.
