London, June 25, 2026, 11:04 BST
- InterContinental Hotels Group (LON:IHG) purchased 20,000 ordinary shares on June 24 at an average price of $172.5797 each, following a buy of 20,000 shares the prior day at $169.9353. The transactions came to about $6.85 million.
- After the cancellation, the company will have 149,183,876 ordinary shares in issue. That figure does not include 5,431,782 shares held in treasury.
- LSE trading was open at the dateline, with normal hours from 0800 to 1630 London time.
InterContinental Hotels Group (LON:IHG; NYSE:IHG) trimmed its share count below 149.2 million after buying back another batch in its daily program. The company disclosed in its latest filing that it bought 20,000 shares on June 24 via Goldman Sachs International on the London Stock Exchange and said it plans to cancel them.
IHG is buying back shares at higher prices. The company paid an average $172.5797 per share for 20,000 shares on June 24, up 1.6% from the $169.9353 average for the same number of shares on June 23. In total, the two buybacks cost $6.85 million at a blended price of $171.2575 per share.
That’s not much compared to usual volume, but it’s there. According to TipRanks, average trading volume is 449,631 shares. The latest buyback of 20,000 shares accounts for about 4.4% of that figure, with the two-day total at 8.9%.
IHG isn’t adding the shares to treasury but plans to cancel them. That will bring issued shares down to 149,183,876, not counting 5,431,782 shares held in treasury. With the company’s own rounded voting-rights figure of 150.0 million as of May 6 as the reference, the new number shows about another 0.5% drop since then.
Each daily print looks ordinary, but the total programme is big enough to move per-share numbers. IHG said on May 7 it had finished a quarter of its $950 million 2026 buyback, paying $240 million for 1.7 million shares so far. The company said the buyback with expected ordinary dividends should return more than $1.2 billion in 2026, about 5.8% of its market value at the year’s start.
IHG keeps running buybacks through its equity story. The 2026 plan is set after buybacks of $900 million for 2025, $800 million for 2024, $750 million in 2023 and a $500 million programme from 2022. Those buybacks cut voting rights by 4.8%, 4.6%, 6.1% and 5.0%, in order.
The capital return holds on a better trading base than it did in late 2025. InterContinental Hotels Group PLC reported first-quarter global RevPAR up 4.4% at constant exchange, with Americas increasing 3.6%, EMEAA 5.6% higher, and Greater China up 5.7%. CEO Elie Maalouf called it “a very strong Q1 trading performance” and said the company saw “better than expected demand in most regions around the world.” InterContinental Hotels Group PLC
IHG’s U.S. RevPAR slipped 2% in the fourth quarter, Reuters said in February, trailing Hilton (NYSE:HLT) and Marriott (NASDAQ:MAR). The U.S. is still key for IHG, but CFO Michael Glover later told Reuters, “the RevPAR so far has been positive.” Reuters
At Wednesday’s average price, $100 million worth of buybacks would take about 579,000 shares off the market before costs. That’s around 0.39% of the current issued share count.
