LONDON, June 30, 2026, 20:02 BST
- InterContinental Hotels Group PLC traded in London at $172.25 as of 1800 BST, slipping 0.29%. The FTSE 100 finished up 0.12%.
- IHG picked up 74,905 shares on June 29, paying an average $172.8874 per share. That’s about $12.95 million worth of stock set to be cancelled.
- The company matched shareholder returns with new pushes for growth. It rolled out a UK Revolut/Visa card, added 653 pipeline rooms in Spain, and brought Crowne Plaza back to Vienna.
InterContinental Hotels Group PLC (LON:IHG) edged down after hours in London, last changing hands at $172.25 at 1800 BST, off 0.29%. The FTSE 100 Index (INDEXFTSE:UKX) had closed up 0.12% at 10,497.12. LSE’s normal trading closes at 1630 local, so this was a post-market price, not from the regular order book.
Investors looked to the buyback price. IHG said Tuesday it purchased 74,905 ordinary shares on June 29 via Goldman Sachs International, part of Goldman Sachs Group Inc NYSE:GS, paying between $171.7500 and $173.6000 per share. The average price paid was $172.8874, which is 0.37% above the last trade at $172.25.
| Tuesday market read | Figure |
|---|---|
| IHG last traded in London | $172.25 |
| Session high / low for IHG | $174.65 / $170.50 |
| IHG price change | -0.29% |
| FTSE 100 finished at | 10,497.12 |
| FTSE 100 daily change | +0.12% |
IHG spent around $12.95 million on June 29 to buy back shares, cutting the outstanding ordinary shares by 0.050% to 149,038,971, not counting treasury shares. That’s based on the company’s average price and share count. As of May 7, IHG had bought back $240 million of a planned $950 million buyback running through 2026, or about 25.3%. Tuesday’s RNS did not show the current total for the buyback.
This year, the buyback math is different after IHG shifted the trading currency for its ordinary shares on the London Stock Exchange to U.S. dollars from British pounds starting Jan. 2. The nominal currency of the shares is still in pounds. IHG said it switched currencies to match its dollar reporting and cut the impact of FX translation on the share price. The company said this didn’t change anything for the New York ADR listing.
IHG is still leaning on strong fundamentals. In its first-quarter update on May 7, the group posted global RevPAR up 4.4%. Americas RevPAR gained 3.6%. EMEAA climbed 5.6%, Greater China rose 5.7%. Average daily rate moved up 2.0%, occupancy rose 1.5 points. CEO Elie Maalouf said the business saw “better than expected demand” in most markets. InterContinental Hotels Group PLC
| Q1 2026 comparison | Change |
|---|---|
| Global RevPAR | +4.4% |
| Americas RevPAR | +3.6% |
| EMEAA RevPAR | +5.6% |
| Greater China RevPAR | +5.7% |
| Average daily rate | +2.0% |
| Occupancy | up 1.5 pts |
| Groups rooms revenue | up 7% |
| Business rooms revenue | up 6% |
| Leisure rooms revenue | up 1% |
IHG on Tuesday rolled out a new loyalty offering in the UK, introducing debit cards co-branded with Revolut and Visa Inc NYSE:V. IHG said the tie-up connects its network of over 160 million loyalty members and more than 7,000 hotels with Revolut’s 75 million users. Paul Proctor, IHG’s SVP for global loyalty and partnerships, called it “a first for IHG in the UK.” InterContinental Hotels Group PLC
IHG said on the same day it plans to build three new Holiday Inn Express hotels in Spain with Tikehau Capital (EPA:TKO), bringing in 653 rooms across Madrid, Málaga and Barcelona. IHG already runs over 20 Holiday Inn Express sites in the country, with another four planned. Willemijn Geels, IHG’s European development VP, called Spain an “important growth market.” InterContinental Hotels Group PLC
IHG has signed Crowne Plaza Vienna, a 195-room property expected to open near the end of Q3 2026. The move returns the Crowne Plaza brand to Austria. IHG says there are 94 Crowne Plazas open in Europe with another 22 in the works. In Austria, the company’s tally will reach 20 open and pipeline hotels.
Saudi Arabia stands out for pipeline growth. IHG said June 29 it plans to have all six of its Luxury & Lifestyle brands in Saudi Arabia by 2028. Right now, there are 48 open hotels and 62 more in the works. Haitham Mattar, managing director for Middle East, Africa and Southwest Asia, called Saudi Arabia “one of the world’s most exciting hospitality markets.” InterContinental Hotels Group PLC
Regional mix is still the main risk. Last month, Reuters said IHG’s U.S. RevPAR climbed 3.4% in Q1 after three straight quarters of declines. Greater China saw a 5.7% gain. The Middle East was weaker as conflict dragged RevPAR 2% lower for the quarter and about 50% down in April. CFO Michael Glover told analysts IHG is not seeing travelers cut back over “an extra bit” in gas prices. Reuters
