InterContinental Hotels Group Share Buyback Program

InterContinental Hotels Group recently launched a share buyback program of up to $800 million following a significant increase in pretax profit and revenue during the past year.

Financial Highlights

• Pretax Profit: Soared from $540 million to $1.01 billion
• Net Profit: Jumped to $750 million from $375 million
• Revenue: Increased to $4.62 billion from $3.89 billion, surpassing analyst estimates of $4.60 billion
• Revenue from Reportable Segments: Rose to $2.16 billion from $1.84 billion
• Operating Profit: Reached $1.02 billion compared to $828 million
• Revenue per Available Room: Grew by 7.6% in the fourth quarter and 16% for the full year
• Dividend: Final dividend declared at 104 cents, up from 94.5 cents the previous year, totaling 152.3 cents for the year

Company Performance

InterContinental Hotels Group showcased a robust financial performance last year, highlighted by substantial growth across various segments. The company's strategic initiatives have clearly paid off, reflecting in the impressive surge in both profit and revenue.

For more information, please refer to the full report by Anthony O. Goriainoff.