The Intercontinental hotel in Ballsbridge, Dublin. IHG, which operates the brand globally, is launching a $500 million share buyback and increasing its interim dividend to reward shareholders as leisure and business travel demand recovers to near pre-pandemic levels.
The group also posted operating profits in the Americas of $351 million in the six months to June 30, up 2.6 per cent on the comparable period in 2019. “After two years of people not going seeing clients [and] not having team meetings, we’re seeing business travel pick up,” said Barr.
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IHG sweetens shareholder returns on travel reboundHoliday Inn owner IHG has today announced a share buyback programme of $500m and resumed the payment of an interim dividend, after its half-year profit more than doubled on the back of a steady recovery in post-pandemic travel.
Source: RTEbusiness - 🏆 16. / 61 Read more »
IHG sweetens shareholder returns on travel reboundHoliday Inn owner IHG has today announced a share buyback programme of $500m and resumed the payment of an interim dividend, after its half-year profit more than doubled on the back of a steady recovery in post-pandemic travel.
Source: RTEbusiness - 🏆 16. / 61 Read more »