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Obtain a copy of the annual report for Intercontinental Hotel Group PLC for the year ended 31 December 2011
Finance & Accounting
Pages 8 (2008 words)
Intercontinental Hotels Group plc Review of the Annual report for the year ended 31 December 2011 The Annual Report of the Intercontinental Hotel Group for the year ended 31 December 2011 has been analysed to ascertain the financial performance and position of the company…
Financial performance and position of the Group “The big picture is 9 hotel brands, over 153 million guests annually, more than 672,000 rooms in over 4,500 hotels in nearly 100 countries and territories around the world” (IHG website, 2012), The nine renowned brands being Intercontinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Hotel Indigo, Holiday Inn Hotels & Resorts, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN Hotels, Hualuxe Hotels and Resorts. Performance of the Brands The performance of all the brands during 2011 compared to the previous year has improved (Exhibit – I). Total gross revenue has increased by 8% to 20.2 bn in 2011 compared to $18.7 bn in 2010 for the group as a whole. Exhibit - I $ in bn. However, the performance in terms of cost and profitability in respect of the brands could not be worked for comparison due to inadequacy of details furnished in this respect. Performance can be analyzed with reference to classification of the business into Franchised, Managed and Owned & Leased. ...
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