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    IHG   GB00BHJYC057

INTERCONTINENTAL HOTELS GROUP PLC

(IHG)
  Report
Delayed London Stock Exchange  -  11:35 2022-12-02 am EST
4782.00 GBX   -0.79%
03:34aIntercontinental Hotels : IHG Expands its Presence in Mainland China's Luxury Boutique Hotel Market with the Official Launch of Kimpton Hotels & Restaurants
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12/01Intercontinental Hotels : IHG Hotels & Resorts teams up with VietHarvest to cut food waste and hunger in Vietnam
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11/22Intercontinental Hotels : & Resorts expands partnership with British artist Claire Luxton, creating its first collection of unique NFTs with luxury travel benefits
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Update regarding unauthorised access to technology systems

09/29/2022 | 07:26am EST

InterContinental Hotels Group PLC (IHG or the Company) provides an update further to its announcement on 6 September that parts of the Company's technology systems had been subject to unauthorised activity causing disruption to IHG's booking channels and other applications.

Following a period of disruption, by Wednesday 7 September IHG had re-activated its booking websites and mobile app together with most of its other booking channels and revenue-generating systems. Subsequently, service at our Reservation and Customer Care call centres has been recovered and all our systems restored. During the disruption in our central systems, IHG-branded hotels continued to operate and were able to take reservations directly.

We have continued to carry out additional steps as part of our recovery and assurance plans to review and further enhance our security measures. External specialists were engaged to investigate the incident, and no evidence of unauthorised access to systems storing guest data has been identified. We have also reported the criminal activity to law enforcement. We continue to work closely with our hotels and owners throughout this time.

ENDS

About IHG®

IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.

With a family of 17 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in more than 100 countries, and more than 1,800 in the development pipeline.

Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo

Premium: voco hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels

Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels

Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites

InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales. Approximately 325,000 people work across IHG's hotels and corporate offices globally.

Visit us online for more about our hotels and reservations and IHG One Rewards. To download the new IHG One Rewards app, visit the Apple App or Google Play stores.

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

All news about INTERCONTINENTAL HOTELS GROUP PLC
03:34aIntercontinental Hotels : IHG Expands its Presence in Mainland China's Luxury Boutique Hot..
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12/01Intercontinental Hotels : IHG Hotels & Resorts teams up with VietHarvest to cut food waste..
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Analyst Recommendations on INTERCONTINENTAL HOTELS GROUP PLC
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Financials (USD)
Sales 2022 1 846 M - -
Net income 2022 485 M - -
Net Debt 2022 1 781 M - -
P/E ratio 2022 21,9x
Yield 2022 2,03%
Capitalization 10 300 M 10 300 M -
EV / Sales 2022 6,54x
EV / Sales 2023 5,80x
Nbr of Employees 11 161
Free-Float 93,7%
Chart INTERCONTINENTAL HOTELS GROUP PLC
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Technical analysis trends INTERCONTINENTAL HOTELS GROUP PLC
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 59,03 $
Average target price 63,23 $
Spread / Average Target 7,12%
EPS Revisions
Managers and Directors
Keith Barr Chief Executive Officer & Executive Director
Paul Edgecliffe-Johnson Chief Financial Officer & Executive Director
Deanna Watson Oppenheimer Non-Executive Chairman
George Turner Chief Commercial & Technology Officer
Jill McDonald Independent Non-Executive Director
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