InterContinental Hotels Group
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| InterContinental Hotels Group | |
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| Type | Public (LSE: IHG NYSE: IHG) |
|---|---|
| Founded | 15 April 2003 Origins trace back to 1777 |
| Headquarters | Windsor, Berkshire, UK |
| Key people | David Webster, Chairman Andrew Cosslett, Chief Executive |
| Industry | Hotel |
| Products | Brands include: InterContinental Crowne Plaza Holiday Inn |
| Revenue | £2,204m GBP (2004) |
| Operating income | £243m GBP (2004) |
| Net income | £299m GBP (2004) |
| Website | ichotelsgroup.com |
InterContinental Hotels Group (IHG) (LSE: IHG NYSE: IHG) is a multinational company which operates several hotel brands. The largest hotel company by number of rooms (537,500 as of March 2006 [1]), its headquarters are in Windsor just outside Greater London and it is a constituent of the FTSE 100 Index.
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[edit] History
InterContinental Hotels Group can be traced back to 1777 when William Bass began a brewery in Burton upon Trent. In 1876 their red triangle trademark was the first registered in the United Kingdom.
In 1989 the British Government limited the number of pubs brewers could directly own, so Bass began to grow their small line of hotels. In 1990 they purchased Holiday Inn International from Kemmons Wilson, expanding themselves into North America. In March 1998 they acquired the InterContinental brand, expanding into the luxury market.
In 2000 the company sold its brewing assets (and the rights to the Bass name) to the major Belgian brewer Interbrew for £2.3 billion and changed its named to Six Continents plc. InterContinental was created in 2003 after the company – then Six Continents Plc – split into two daughter companies: Mitchells and Butlers plc to handle restaurant assets and InterContinental to focus on hotels and soft drinks.
Britvic, the company's soft drinks division, was retained by IHG. It is the second largest soft drinks manufacturer in the United Kingdom by volume. It owns the Robinsons, Tango, Britvic, R Whites and J2O brands, and also has the franchise for the Pepsi and 7UP brands in Great Britain. In December 2005, IHG sold its interest in the company by an initial public offering.
[edit] InterContinental brands
- InterContinental
- Crowne Plaza
- Holiday Inn
- Holiday Inn Select
- Nickelodeon Family Suites by Holiday Inn
- Holiday Inn Resorts and Holiday Inn SunSpree Resorts
- Holiday Inn Express (known as "Express by Holiday Inn" outside North America)
- Staybridge Suites
- Candlewood Suites
- Hotel Indigo
[edit] Priority Club Rewards
The InterContinental Hotels brands have a loyalty program for frequent guests, Priority Club Rewards. The program was named after the Holiday Inn reward program. Points are earned for every dollar spent on eligible hotel stays, and can be redeemed for future hotel stays or converted to frequent flyer miles on partner airlines.
[edit] External links
Categories: Companies listed on the London Stock Exchange | Companies listed on the New York Stock Exchange | Hotel and leisure companies of the United Kingdom | Breweries and beverage companies of the United Kingdom | Companies based in Berkshire | Companies established in 2003 | Intercontinental Hotels Group
