IHG, the owner of Holiday Inn, reported a 3pc growth in annual room revenue for 2024, above market expectations.
The company is returning over $1.1bn to shareholders in 2025 and acquiring the Ruby hotel brand for $116 million, enhancing its portfolio.
CEO Elie Maalouf aims to launch the Ruby brand in the US and Asia, currently operating 20 hotels in Europe.
In its largest market, the US, IHG saw a 1.7pc growth in RevPAR, while China experienced a 4.8pc decline in the same metric.
