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AN OVERVIEW ON THE INTERCONTINENTAL HOTELS GROUP PLC
Varun Kesavan, Research Scholar, E – Mail Id –
varunkesavan@yahoo.com
INTRODUCTION
InterContinental Hotels Group plc, informally InterContinental
Hotels or IHG, is a British multinational hotels company headquartered
in Denham, Buckinghamshire.[2] IHG has nearly 800,000 guest rooms and more
than 5,300 hotels across nearly 100 countries.[3] IHG has a broad portfolio of
brands, including Candlewood Suites, Crowne Plaza, Even Hotels, Holiday
Inn, Holiday Inn Express, Hotel Indigo, Hualuxe, InterContinental, Kimpton
Hotels and Resorts and Staybridge Suites.[4] Additionally, in March 2018, IHG
announced that it has agreed to buy a 51% majority stake in Regent Hotels for
$39 million and hopes to expand the brand's footprints to 40 hotels from the
current six hotels.[5]
As of 2012, of IHG's more than 5,300 hotels, 4,433 are operated under franchise
agreements, 907 were managed by the company but separately owned, and
eight were directly owned.
HISTORY
Bass Hotels
The origins of InterContinental Hotels Group can be traced back to 1777,
when William Bass established the Bass Brewery in Burton-upon-Trent. In
1876, its red triangle logo was the first ever trademark registered in the United
Kingdom.[7]
In 1969, Bass Charrington as it was at the time launched the Crest Hotel chain,
marking its first entry into the lodging sector as it made steps to diversify its
portfolio.
In 1989, 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
and expanded into North America.[7]
InterContinental
Pan American Airways founder Juan Trippe established the Intercontinental
Hotels chain as a division of PanAm and opened the first hotel in Belém, Brazil
in 1946. On August 19, 1981, PanAm sold the holding company Inter-
Continental Hotels Corporation (IHC) to UK-based Grand Metropolitan for $500
million.[8] 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.[9]
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 major
Belgian brewer Interbrew for £2.3 billion and changed its name to Six
Continents.[7]
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,[10] while IHG focused on hotels and soft
drinks.[7] IHG retained Britvic, the soft drinks division, until December 2005
when it sold its interest in the company by an initial public offering.[11] In
April/May 2014, the company reportedly rejected a $10 billion takeover bid from
an unknown suitor, believed to be Starwood.[12]
In April 2017, the company announced that it been the subject of a malware
attack and hackers had stolen credit card details.
OPERATIONS
The company worldwide headquarters and Europe offices are
in Denham, Buckinghamshire in England.[14][15] The Americas office is
in Dunwoody, Georgia in Greater Atlanta.[14][16] The Asia, Middle East, and
Africa offices are in Singapore. The Greater China offices are
in Pudong, Shanghai.[14]
In 2006, IHG and Lend Lease Group (Lend Lease US Public Partnerships),
joined forces in the Privatization of Army Lodging program.[17] IHG Army
Hotels is a division of IHG that manages on-post hotels and lodgings in 39
different locations in the U.S., including Puerto Rico.
BRANDS
IHG Group has several brands:
 Avid Hotels
 Candlewood Suites
 Crowne Plaza
 Even Hotels
 Holiday Inn Hotels & Resorts,[24] the number two hotel brand in the world by
number of rooms[25]
 Holiday Inn Club Vacations[26]
 Holiday Inn Express (formerly known as Express by Holiday Inn in Europe,
Middle East, Africa, Asia Pacific and South America)[27]
 Holiday Inn Garden Court
 Holiday Inn Resort
 Hotel Indigo
 Hualuxe Hotels & Resorts
 IHG Army Hotels
 InterContinental
 Kimpton Hotels & Restaurants
 Staybridge Suites
Additionally, in March 2018, the IHG announced that it has agreed to buy a 51%
majority stake in Regent Hotels for $39 million and hopes to expand the brand's
footprints to 40 hotels from the current six hotels.[

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AN OVERVIEW ON THE INTERCONTINENTAL HOTELS GROUP PLC

  • 1. AN OVERVIEW ON THE INTERCONTINENTAL HOTELS GROUP PLC Varun Kesavan, Research Scholar, E – Mail Id – varunkesavan@yahoo.com INTRODUCTION InterContinental Hotels Group plc, informally InterContinental Hotels or IHG, is a British multinational hotels company headquartered in Denham, Buckinghamshire.[2] IHG has nearly 800,000 guest rooms and more than 5,300 hotels across nearly 100 countries.[3] IHG has a broad portfolio of brands, including Candlewood Suites, Crowne Plaza, Even Hotels, Holiday Inn, Holiday Inn Express, Hotel Indigo, Hualuxe, InterContinental, Kimpton Hotels and Resorts and Staybridge Suites.[4] Additionally, in March 2018, IHG announced that it has agreed to buy a 51% majority stake in Regent Hotels for $39 million and hopes to expand the brand's footprints to 40 hotels from the current six hotels.[5] As of 2012, of IHG's more than 5,300 hotels, 4,433 are operated under franchise agreements, 907 were managed by the company but separately owned, and eight were directly owned.
  • 2. HISTORY Bass Hotels The origins of InterContinental Hotels Group can be traced back to 1777, when William Bass established the Bass Brewery in Burton-upon-Trent. In 1876, its red triangle logo was the first ever trademark registered in the United Kingdom.[7] In 1969, Bass Charrington as it was at the time launched the Crest Hotel chain, marking its first entry into the lodging sector as it made steps to diversify its portfolio. In 1989, 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 and expanded into North America.[7] InterContinental Pan American Airways founder Juan Trippe established the Intercontinental Hotels chain as a division of PanAm and opened the first hotel in Belém, Brazil in 1946. On August 19, 1981, PanAm sold the holding company Inter- Continental Hotels Corporation (IHC) to UK-based Grand Metropolitan for $500 million.[8] As GrandMet focused its core business and expanded into fast food
  • 3. through the purchase of Burger King, it sold IHC to the Japanese-based Saison Group in 1988.[9] 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 major Belgian brewer Interbrew for £2.3 billion and changed its name to Six Continents.[7] 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,[10] while IHG focused on hotels and soft drinks.[7] IHG retained Britvic, the soft drinks division, until December 2005 when it sold its interest in the company by an initial public offering.[11] In April/May 2014, the company reportedly rejected a $10 billion takeover bid from an unknown suitor, believed to be Starwood.[12] In April 2017, the company announced that it been the subject of a malware attack and hackers had stolen credit card details. OPERATIONS The company worldwide headquarters and Europe offices are in Denham, Buckinghamshire in England.[14][15] The Americas office is in Dunwoody, Georgia in Greater Atlanta.[14][16] The Asia, Middle East, and
  • 4. Africa offices are in Singapore. The Greater China offices are in Pudong, Shanghai.[14] In 2006, IHG and Lend Lease Group (Lend Lease US Public Partnerships), joined forces in the Privatization of Army Lodging program.[17] IHG Army Hotels is a division of IHG that manages on-post hotels and lodgings in 39 different locations in the U.S., including Puerto Rico. BRANDS IHG Group has several brands:  Avid Hotels  Candlewood Suites  Crowne Plaza  Even Hotels  Holiday Inn Hotels & Resorts,[24] the number two hotel brand in the world by number of rooms[25]  Holiday Inn Club Vacations[26]  Holiday Inn Express (formerly known as Express by Holiday Inn in Europe, Middle East, Africa, Asia Pacific and South America)[27]  Holiday Inn Garden Court  Holiday Inn Resort  Hotel Indigo
  • 5.  Hualuxe Hotels & Resorts  IHG Army Hotels  InterContinental  Kimpton Hotels & Restaurants  Staybridge Suites Additionally, in March 2018, the IHG announced that it has agreed to buy a 51% majority stake in Regent Hotels for $39 million and hopes to expand the brand's footprints to 40 hotels from the current six hotels.[