## Summary of InterContinental Hotels Group PLC Half-Year Report (August 7, 2025)
**Strong Performance and Growth**
* **Financial Highlights**
* Operating profit from reportable segments increased by 13% to $604 million.
* Adjusted EPS grew by 19% to 242.5 cents.
* Total revenue rose by 8.5% to $2519 million.
* Interim dividend per share increased by 10% to 58.6 cents.
* **Operational Achievements**
* Record openings207 hotels (31.4k rooms) opened in H1, up 75% YoY.
* Global estate reached 999k rooms (6,760 hotels) as of June 30th, surpassing the one million room milestone shortly after.
* Signed 324 hotels (51.2k rooms) in H1, up 15% YoY excluding acquisitions.
* Global pipeline grew by 4% to 338k rooms (2,276 hotels), representing 34% of current system size.
* **Strategic Progress**
* Acquisition of the Ruby brand, expanding into the premium urban lifestyle segment.
* Continued growth of established brands like InterContinental, Holiday Inn, and Crowne Plaza.
* Accelerated conversions through brands like Garner, Vignette Collection, and voco.
* Expansion in priority growth geographies, including the US, Greater China, and EMEAA.
**Financial Position and Shareholder Returns:**
* **Net debt increased by $579 million to $3,361 million, driven by shareholder returns and acquisitions.**
* **On track to return over $1.1 billion to shareholders in 2025 through share buybacks and dividends.**
* **$900 million share buyback program for 2025, 47% completed as of June 30th.**
**Outlook**
* **Confident in long-term growth drivers despite short-term macroeconomic uncertainties.**
* **Expect to meet full-year consensus profit and earnings expectations.**
* **Focus on brand growthgeographic expansionowner returnsancillary fee streamsand shareholder returns.**
**Key Metrics**
* **Global RevPAR growth+1.8% in H1 2025.**
* **Fee margin: 64.7%up 3.9 percentage points.**
* **Trailing 12-month adjusted EBITDA$1,259 million, up 10% YoY.**
* **Net debt to adjusted EBITDA ratio2.67x.**
**Overall**
InterContinental Hotels Group PLC delivered a strong first half of 2025, characterized by record openings, robust financial performance, and strategic progress. The company remains confident in its long-term growth prospects and is committed to delivering value to shareholders through continued expansion and shareholder returns.
| Metric | 2025 | 2024 | % Change |
|---|---|---|---|
| Revenue from reportable segments | $1,175m | $1,108m | +6% |
| Operating profit from reportable segments | $604m | $535m | +13% |
| Adjusted EPS | 242.5¢ | 203.9¢ | +19% |
| Total revenue | $2,519m | $2,322m | +8% |
| Operating profit | $623m | $525m | +19% |
| Basic EPS | 300.1¢ | 212.5¢ | +41% |
| Interim dividend per share | 58.6¢ | 53.2¢ | +10% |
| Net debt | $3,361m | $2,782m | +21% |