IHG Changes Regional Reporting Structure

Travel News Asia Latest Travel News Podcasts Videos Wednesday, 18 January 2012

InterContinental Hotels Group has changed 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 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.

IHG is one of the world's largest hotel groups, 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's seven hotel brands currently include InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels and Resorts, Holiday Inn Express, Staybridge Suites and Candlewood Suites. 

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