Pause operations: company temporarily curtailing operations while keeping return options open

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InterContinental Hotels Group PLC, marketed as IHG Hotels & Resorts, is a British multinational hospitality company headquartered in Denham, Buckinghamshire, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

 
 
 

Pause operations: company temporarily curtailing operations while keeping return options open

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Revenue(RF), mln.USD
4
Assets(RF), mln.USD
5
Capital(RF), mln.USD
5
Glob.Revenue, mln.USD
3892
Hotels
26
Staff(RF), 2021
92
Taxes(RF), mln.USD
1

Operated in Russia (26 locations).

The Company Statement
March 09, 2022

Suspended future investments, development activity, and new hotel openings. Ceased operations in Russia except some franchise agreements. Since the spring of 2022, Hyatt, InterContinental, Marriott, CPI Hotels, Belmond, Sokos, Four Seasons, BWH and Wyndham have left the Russian market.

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Statements Archive
September 01, 2023The share of hotels managed by international chains in the Russian Federation decreased to 60%
September 22, 2022Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain
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