IHG announces change to regional reporting structure
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IHG announces change to regional reporting structure
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Category: Worldwide - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2012-01-17
InterContinental Hotels Group PLC (IHG) [LON:IHG, NYSE:IHG (ADRs)] is announcing today the change of its regional segmental reporting structure effective from the results for the 12 months to 31 December 2011, which will be reported on 14 February 2012.
The previous regional reporting segments of Americas, Europe Middle East and Africa, and Asia Pacific, will become four segments: Americas, Europe, Asia Middle East and Africa (AMEA), and Greater China. This change in reporting reflects the implementation of the reorganisation of the business announced in July 2011. The new structure ensures that IHG is best positioned to derive maximum benefit from its scale and expertise in each geographic region, in order to drive market share.
This change only affects the regional segmental reporting structure of the results; there is no change to the Group level financial statements or operating statistics.
Revenue and operating profit data by quarter for the financial years ending 31 December 2010, 31 December 2009 and the nine months to 30 September 2011 have been restated for the new regional structure. These, together with other supplementary data for the nine months to 30 September 2011 including system size, pipeline and quarterly revenue per available room (RevPAR), are available to download at www.ihgplc.com/investors/newregionalstructure.
ABOUT IHG
IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation operating seven hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites® . IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 61 million members worldwide.
IHG is the world's largest hotel group by number of rooms and franchises, leases, manages or owns over 4,500 hotels and more than 666,000 guest rooms in 100 countries and territories, and has more than 1,100 hotels in its development pipeline.
IHG is committed to gender balance throughout its business. We aspire to continue retaining a minimum of 25% female representation on the Board.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales.
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