Overview Key strengths Key risks IHG is the world's third largest hotelier by number of rooms (987,125 as of Dec. 31, 2024), with more than $2.3 billion in revenues and $1.3 billion in S&P Global Ratings-adjusted EBITDA as of 2024. IHG remains exposed to shifts in discretionary consumer spending, particularly during current high inflation and interest rates, with signs of moderation in U.S. consumer confidence that could affect leisure travel demand and pricing power in the near term. The group operates an asset-light business model that limits operating leverage and earnings volatility thanks to its flexible cost case, and low capital intensity. It is smaller in terms of revenues compared with U.S. peers such as Marriott International Inc. (2024 S&P
