Hotel Brands

IHG FY23 revenues jump 23% to $31.6bn

The group opened 275 hotels, which means a 17% rise year-on-year. It also signed 79,200 rooms across 556 hotels – a 26% increase year-on-year

IHG Hotels and Resorts has revealed that total gross revenues hit $31.6bn (£24.9bn) in the year ended 31 December 2023, spelling a 23% rise on its performance during 2022. 

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