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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  InterContinental Hotels Group PLC       GB00B85KYF37

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InterContinental Hotels Group PLC : Nine Awards Go to IHG at 2013 TTG China Travel Awards

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05/14/2013 | 03:15pm CET
14 May, 2013 Nine Awards Go to IHG at 2013 TTG China Travel Awards

IHG, the largest international hotel company by number of rooms in China, received nine awards at TTG China Travel Awards presented by TTG Publishing, the leading industry publication in Asia Pacific.  These awards demonstrate the industry-wide recognition of IHG and its brands' long dedication to China market and its consistent best-in-class performance.

For the third consecutive year, Holiday Inn Hotels & Resorts was named the Best Mid-range Hotel Brand in Greater China. Holiday Inn Hotels & Resorts was the very first international hotel brand to establish a presence in China market, and had just celebrated its 60thanniversary worldwide in 2012 with the opening of the 60thhotel in Greater China. Winning this prestigious award is a further illustration of its position as the No. 1 hotel brand and the most widely-recognised international hotel brand in China.

Eight hotels representing four IHG brands also stood out amid fierce competition and were crowned as leaders in their own market segment by winning in various categories:

  • Holiday Inn Resort Changbaishan - Best New Resort in China
  • Hotel Indigo Shanghai on the Bund - Best Boutique Hotel in China
  • Holiday Inn Guangzhou Shifu - Best Mid-range Hotel in Guangzhou
  • Holiday Inn Macau - Best Mid-range Hotel in Macau
  • InterContinental Shenzhen - Best Meetings & Conventions Hotel in Shenzhen
  • Crowne Plaza Hong Kong Kowloon East - Best New Hotel in Hong Kong
  • InterContinental Foshan - Best Hotel in Central South China
  • InterContinental Century City Chengdu - Best Hotel in Southwest China

"We are thrilled that our commitment to providing an excellent guest experience across all our brands is again recognised by our peers and industry colleagues," said Jolyon Bulley, Chief Operating Officer, IHG Greater China. "As the industry leader, we continuously challenge ourselves to set ever higher service standards for the hospitality industry."

This year marks the 30th anniversary of IHG in China. As the first international hotel group to enter China in 1984, IHG's current portfolio includes 190 hotels in operation and another 169 in the development pipeline.  The six IHG brands currently in China - InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Hotel Indigo, Holiday Inn Hotels & Resorts, Holiday Inn Express and HUALUXE Hotels & Resorts - are dedicated to bringing value to a wide variety of guests and have become popular with local customers in their respective target demographics. 

"The awards not only acknowledge the work of our brands and hotels, they also recognise the work of our dedicated teams and serve as encouragement for them to do even better," Jolyon Bulley added.

TTG China Travel Awards recognise the highest performing travel and tourism organisations as voted for by more than 38,000 readers of TTG China, TTG Asia, TTGmice and TTG-BTmice China. As TTG's readership consists primarily of fellow trade professionals so winners are considered to comprise the finest in China's travel and tourism sector, and the results also objectively reflect mainstream traveller's choices and needs. 

Media contacts:
Sharona Tao
IHG
Tel: +86 21 2893 3309
Fax: +86 21 2893 3399
sharona.tao@ihg.com

Notes to Editors:

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with nine hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 73 million members worldwide. The programme will be renamed and relaunched as IHG Rewards Club in July 2013, offering enhanced benefits for members.

IHG franchises, leases, manages or owns over 4,600 hotels and more than 674,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.priorityclub.com for more on Priority Club Rewards. For our latest news, visit www.ihg.com/media,www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.

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Financials ($)
Sales 2016 1 735 M
EBIT 2016 693 M
Net income 2016 411 M
Debt 2016 1 569 M
Yield 2016 1,98%
P/E ratio 2016 24,43
P/E ratio 2017 21,31
EV / Sales 2016 6,40x
EV / Sales 2017 6,06x
Capitalization 9 534 M
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Mean consensus HOLD
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Average target price 44,1 $
Spread / Average Target -8,6%
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NameTitle
Richard Solomons Chief Executive Officer & Executive Director
Patrick Jean-Pierre Cescau Non-Executive Chairman
Paul Edgecliffe-Johnson Chief Financial Officer & Director
Eric Pearson Chief Information Officer & Executive VP
Dale F. Morrison Senior Independent Non-Executive Director
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