IHG chief executive Elie Maalouf
Holiday Inn owner IHG posted slightly better-than-expected annual room revenue on Tuesday and said it expected to return more than $1 billion to shareholders in 2024 as the hotel chain operator enjoyed strong travel demand.
Chief Executive Elie Maalouf also laid out his strategy, saying the company is targeting high single-digit growth in fee revenue by increasing revenue per room and the number of hotels annually on average over the medium to long term.
