InterContinental Hotels (IHG) 20-F 27 Feb 25 2024 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2024 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Registrant Name	InterContinental Hotels Group PLC
Entity Central Index Key	0000858446
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	164,711,854
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Document Annual Report	true
Document Shell Company Report	false
Document Transition Report	false
Document Registration Statement	false
ICFR Auditor Attestation Flag	true
Entity File Number	1-10409
Entity Incorporation, State or Country Code	X0
Entity Address, Address Line One	1 Windsor Dials
Entity Address, Address Line Two	Arthur Road
Entity Address, City or Town	Windsor
Entity Address, Country	GB
Entity Address, Postal Zip Code	SL4 1RS
Document Accounting Standard	International Financial Reporting Standards
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	876
Auditor Location	Birmingham, United Kingdom
Document Financial Statement Error Correction [Flag]	false
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	1 Windsor Dials
Entity Address, Address Line Two	Arthur Road
Entity Address, City or Town	Windsor
Entity Address, Country	GB
Entity Address, Postal Zip Code	SL4 1RS
Local Phone Number	1753 972000
City Area Code	44
Contact Personnel Name	Nicolette Henfrey
Contact Personnel Email Address	companysecretariat@ihg.com
American Depositary Shares [member]
Document Information [Line Items]
Trading Symbol	IHG
Title of 12(b) Security	American Depositary Shares
Security Exchange Name	NYSE
Ordinary shares [member]
Document Information [Line Items]
Trading Symbol	IHG
Title of 12(b) Security	Ordinary Shares of 20 340/399 pence each
Security Exchange Name	NYSE

Group income statement

Group income statement - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Profit (loss) [abstract]
Revenue from fee business		$ 1,774	$ 1,672	$ 1,434
Revenue from owned, leased and managed lease hotels		515	471	394
Revenue from insurance activities		23	21	15
System Fund and reimbursable revenues		2,611	2,460	2,049
Total revenue		4,923	4,624	3,892
Cost of sales		(745)	(742)	(648)
System Fund and reimbursable expenses		(2,694)	(2,441)	(2,154)
Administrative expenses		(359)	(338)	(353)
Insurance expenses		(29)	(23)	(11)
Share of profits/(losses) of associates and joint ventures		10	31	(59)
Other operating income		10	21	29
Depreciation and amortisation		(65)	(67)	(68)
Impairment (loss)/reversal on financial assets		(10)	1	(5)
Other net impairment reversals/(charges)		0	0	5
Operating profit/loss		1,041	1,066	628
Operating profit analysed as:
Operating profit before System Fund, reimbursables and exceptional items		1,124	1,019	828
System Fund and reimbursable result		(83)	19	(105)
Operating exceptional items		0	28	(95)
Operating profit/loss		1,041	1,066	628
Financial income		63	39	22
Financial expenses		(203)	(91)	(118)
Fair value (losses)/gains on contingent purchase consideration		(4)	(4)	8
Profit/(loss) before tax		897	1,010	540
Tax	[1]	(269)	(260)	(164)
Profit for the year		628	750	376
Attributable to:
Equity holders of the parent		628	750	375
Non-controlling interest		0	0	1
Profit loss from continuing operations		$ 628	$ 750	$ 376
Earnings per ordinary share:
Basic		$ 3.896	$ 4.438	$ 2.072
Diluted		$ 3.853	$ 4.412	$ 2.06
[1]‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.

Group statement of comprehensiv

Group statement of comprehensive income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of comprehensive income [abstract]
Profit for the year	$ 628	$ 750	$ 376
Items that may be subsequently reclassified to profit or loss:
(Losses)/gains on cash flow hedges, including related tax charge of $11m (2023: $nil, 2022: $2m credit)	(124)	(30)	35
(Losses)/gains on net investment hedges	(7)	15	(6)
Costs of hedging	(11)	0	3
Hedging losses/(gains) reclassified to financial expenses	165	28	(43)
Exchange gains/(losses) on retranslation of foreign operations, including related tax charge of $2m (2023: $4m charge, 2022: $5m credit)	4	(137)	187
Total items that may be subsequently reclassified to profit or loss	27	(124)	176
Items that will not be reclassified to profit or loss:
Gains/(losses) on equity instruments classified as fair value through other comprehensive income, including related tax of $nil (2023: $1m charge, 2022: $2m credit)	2	(3)	1
Re-measurement gains/(losses) on defined benefit plans, including related tax of $nil (2023: $nil, 2022: $6m charge)	4	(2)	15
Total items that will not be reclassified to profit or loss	6	(5)	16
Total other comprehensive income/(loss) for the year	33	(129)	192
Total comprehensive income for the year	661	621	568
Attributable to:
Equity holders of the parent	661	621	568
Non-controlling interest	0	0	0
Total comprehensive income for the year	$ 661	$ 621	$ 568

Group statement of comprehens_2

Group statement of comprehensive income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of comprehensive income [abstract]
Gains/(losses) on cash flow hedges, related tax	$ 11	$ 0	$ (2)
Exchange gains/(losses) on retranslation of foreign operations, related tax	2	4	(5)
Gains/(losses) on equity instruments classified as fair value through other comprehensive income, related tax	0	1	(2)
Re-measurement gains/(losses) on defined benefit plans, related tax	$ 0	$ 0	$ 6

Group statement of changes in e

Group statement of changes in equity - USD ($) $ in Millions	Total	Equity share capital [member]	Capital redemption reserve [member]	Shares held by employee share trusts [member]	Other reserves [member]	Fair value reserve [member]	Cash flow hedge reserves [member]	Currency translation reserve [member]	Retained earnings [member]	IHG shareholders' equity [member]	Non-controlling interests [member]
Beginning balance at Dec. 31, 2021	$ (1,474)	$ 154	$ 10	$ (22)	$ (2,873)	$ 25	$ 5	$ 316	$ 904	$ (1,481)	$ 7
Profit for the year	376								375	375	1
Items that may be subsequently reclassified to profit or loss:
Gains/(losses) on cash flow hedges	35						35			35
Gains/(losses) on net investment hedges	(6)							(6)		(6)
Costs of hedging	3						3			3
Hedging losses/(gains) reclassified to financial expenses	(43)						(43)			(43)
Exchange gains (losses) on retranslation of foreign operations	187							188		188	(1)
Total items that may be subsequently reclassified to profit or loss	176						(5)	182		177	(1)
Items that will not be reclassified to profit or loss:
Gains (Losses) on equity instruments classified as fair value through other comprehensive income	1					1				1
Re-measurement gains (losses) on defined benefit plans	15								15	15
Total items that will not be reclassified to profit or loss	16					1			15	16
Total other comprehensive income/(loss) for the year	192					1	(5)	182	15	193	(1)
Total comprehensive income (loss) for the year	568					1	(5)	182	390	568
Repurchase of shares, including taxes and transaction costs	(513)	(1)	1						(513)	(513)
Purchase of own shares by employee share trusts	(1)			(1)						(1)
Transfer of treasury shares to employee share trusts				(26)					26
Release of own shares by employee share trusts				12					(12)
Equity-settled share-based cost	44								44	44
Tax related to share schemes	1								1	1
Equity dividends paid	(233)								(233)	(233)
Exchange adjustments		(16)	(1)		17
Ending balance at Dec. 31, 2022	(1,608)	137	10	(37)	(2,856)	26		498	607	(1,615)	7
Profit for the year	750								750	750
Items that may be subsequently reclassified to profit or loss:
Gains/(losses) on cash flow hedges	(30)						(30)			(30)
Gains/(losses) on net investment hedges	15							15		15
Costs of hedging	0
Hedging losses/(gains) reclassified to financial expenses	28						28			28
Exchange gains (losses) on retranslation of foreign operations	(137)							(137)		(137)
Total items that may be subsequently reclassified to profit or loss	(124)						(2)	(122)		(124)
Items that will not be reclassified to profit or loss:
Gains (Losses) on equity instruments classified as fair value through other comprehensive income	(3)					(3)				(3)
Re-measurement gains (losses) on defined benefit plans	(2)								(2)	(2)
Total items that will not be reclassified to profit or loss	(5)					(3)			(2)	(5)
Total other comprehensive income/(loss) for the year	(129)					(3)	(2)	(122)	(2)	(129)
Total comprehensive income (loss) for the year	621					(3)	(2)	(122)	748	621
Repurchase of shares, including taxes and transaction costs	(765)	(3)	3						(765)	(765)
Purchase of own shares by employee share trusts	(8)			(8)						(8)
Transfer of treasury shares to employee share trusts				(21)					21
Release of own shares by employee share trusts				32					(32)
Equity-settled share-based cost	51								51	51
Tax related to share schemes	11								11	11
Equity dividends paid	(248)								(245)	(245)	(3)
Exchange adjustments		7	1	(1)	(7)
Ending balance at Dec. 31, 2023	(1,946)	141	14	(35)	(2,863)	23	(2)	376	396	(1,950)	4
Profit for the year	628								628	628
Items that may be subsequently reclassified to profit or loss:
Gains/(losses) on cash flow hedges	(124)						(124)			(124)
Gains/(losses) on net investment hedges	(7)							(7)		(7)
Costs of hedging	(11)						(11)			(11)
Hedging losses/(gains) reclassified to financial expenses	165						165			165
Exchange gains (losses) on retranslation of foreign operations	4							4		4
Total items that may be subsequently reclassified to profit or loss	27						30	(3)		27
Items that will not be reclassified to profit or loss:
Gains (Losses) on equity instruments classified as fair value through other comprehensive income	2					2				2
Re-measurement gains (losses) on defined benefit plans	4								4	4
Total items that will not be reclassified to profit or loss	6					2			4	6
Total other comprehensive income/(loss) for the year	33					2	30	(3)	4	33
Total comprehensive income (loss) for the year	661					2	30	(3)	632	661
Repurchase of shares, including taxes and transaction costs	(812)	(2)	2						(812)	(812)
Purchase of own shares by employee share trusts	(27)			(27)						(27)
Transfer of treasury shares to employee share trusts				(33)					33
Release of own shares by employee share trusts				31					(31)
Equity-settled share-based cost	60			0					60	60
Tax related to share schemes	15			0					15	15
Equity dividends paid	(259)			0					(259)	(259)
Exchange adjustments	0	(2)		1	1
Ending balance at Dec. 31, 2024	$ (2,308)	$ 137	$ 16	$ (63)	$ (2,862)	$ 25	$ 28	$ 373	$ 34	$ (2,312)	$ 4

Group statement of financial po

Group statement of financial position - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Goodwill and other intangible assets	$ 1,042	$ 1,099
Property, plant and equipment	146	153
Right-of-use assets	276	273
Investment in Associates and Joint Ventures	51	48
Retirement benefit assets	3	3
Other financial assets	212	185
Derivative financial instruments	4	20
Deferred compensation plan investments	286	250
Non-current other receivables	35	13
Deferred tax assets	122	134
Contract costs	90	82
Contract assets	612	424
Total non-current assets	2,879	2,684
Inventories	4	5
Trade and other receivables	785	740
Current tax receivable	22	15
Other financial assets	7	7
Cash and cash equivalents	1,008	1,322
Contract costs	5	5
Contract assets	38	35
Total current assets	1,869	2,129
Total assets	4,748	4,813
LIABILITIES
Loans and other borrowings	(398)	(599)
Lease liabilities	(26)	(30)
Derivative financial instruments	0	(25)
Trade and other payables	(650)	(711)
Deferred revenue	(766)	(752)
Provisions	(22)	(10)
Insurance liabilities	(14)	(12)
Current tax payable	(52)	(51)
Total current liabilities	(1,928)	(2,190)
Loans and other borrowings	(2,876)	(2,567)
Lease liabilities	(388)	(396)
Derivative financial instruments	(78)	0
Retirement benefit obligations	(68)	(66)
Deferred compensation plan liabilities	(286)	(250)
Trade and other payables	(78)	(75)
Deferred revenue	(1,294)	(1,096)
Provisions	(17)	(26)
Insurance liabilities	(25)	(25)
Deferred tax liabilities	(18)	(68)
Total non-current liabilities	(5,128)	(4,569)
Total liabilities	(7,056)	(6,759)
Net assets (liabilities)	(2,308)	(1,946)
EQUITY
IHG shareholders' equity	(2,312)	(1,950)
Non-controlling interest	4	4
Total equity	$ (2,308)	$ (1,946)

Group statement of cash flows

Group statement of cash flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of cash flows [abstract]
Profit for the year	$ 628	$ 750	$ 376
Adjustments reconciling profit for the year to cash flow from operations	521	469	585
Cash flow from operations	1,149	1,219	961
Interest paid	(170)	(119)	(126)
Interest received	57	36	22
Deferred purchase consideration paid	(3)
Tax paid	(309)	(243)	(211)
Net cash from operating activities	724	893	646
Cash flow from investing activities
Purchase of property, plant and equipment	(29)	(28)	(54)
Purchase of intangible assets	(49)	(54)	(45)
Investment in associates and joint ventures	(6)	(3)	(1)
Investment in other financial assets	(32)	(60)
Deferred purchase consideration paid	(10)
Disposal of property, plant and equipment	9	0	3
Repayments of other financial assets	11	8	13
Finance lease receipts	4
Other investing cash flows	3		6
Net cash from investing activities	(99)	(137)	(78)
Cash flow from financing activities
Repurchase of shares, including taxes and transaction costs	(804)	(790)	(482)
Purchase of own shares by employee share trusts	(27)	(8)	(1)
Dividends paid to shareholders	(259)	(245)	(233)
Dividend paid to non-controlling interest	0	(3)
Issue of long-term bonds, including effect of currency swaps	834	657
Repayment of long-term bonds	(547)	0	(209)
Settlement of currency swaps	(45)	0
Principal element of lease payments	(46)	(28)	(36)
Net cash from financing activities	(894)	(417)	(961)
Net movement in cash and cash equivalents in the year	(269)	339	(393)
Cash and cash equivalents at beginning of the year	1,278	921	1,391
Exchange rate effects	(18)	18	(77)
Cash and cash equivalents at end of the year	$ 991	$ 1,278	$ 921

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity Cybersecurity governance IHG’s Board of Directors is ultimately accountable for establishing a framework of prudent and effective controls, which enable risk to be assessed and managed. Management, including the Chief Information Security Officer (CISO) and our cybersecurity team, regularly update the Board on the company’s cybersecurity programmes, material risks and mitigation strategies and provide status and risk reports at least annually. The Management is responsible for identifying, considering and assessing material cybersecurity risks on an ongoing basis, establishing processes to ensure that such potential exposures are monitored, putting in place appropriate mitigation measures and maintaining cybersecurity programmes. This is guided by periodic external third-party assessment of IHG’s cyber risks and the maturity of the cybersecurity programme. The cyber incident response framework uses defined playbooks, coordinating with external incident response groups and aligning with wider IHG crisis management and escalation protocols, including triggers for reporting to senior management, Board of Directors and external parties where required. IHG’s CISO has overall responsibility for the Information Security strategy and the development and management of the associated programme. The CISO was hired by IHG in 2018 from Invesco, a global investment management company, where he built and ran the cybersecurity programme as CISO for more than 10 years. The CISO is supported by a dedicated, certified and experienced in-house The CISO receives reports from the team to enable the monitoring of the prevention, detection, mitigation, and remediation of cybersecurity incidents. IHG employs several independent or third-party mechanisms to provide a level of assurance that the different information security capabilities are operating effectively and assessment of risk is also informed by observations arising from a variety of independent auditing either from IHG’s Internal Audit function or as part of regulatory compliance work performed including Sarbanes-Oxley, HIPAA, SWIFT, SOC-1 B D Cybersecurity risk management Cybersecurity is an integral part of IHG’s overall risk management and internal control framework. Our information security risk management programme follows the National Institute of Standards and Technology Cyber Security Framework and supports the identification of the systems, data, and other information assets that are considered most sensitive from a confidentiality perspective, or most critical from an availability perspective. These include guest data, credit card data, pre-public Standards, policies and procedures are in place to manage how personal data can be used and protected across IHG, including a requirement for participation by all employees in annual e-learning The Information Security programme incorporates: – Engagement with leaders from other IHG business functions, including to identify and assess cybersecurity threats, and to act as point of contact for escalation of issues and incidents. – User awareness and colleague engagement, including communications to corporate and hotel teams on changing threats and phishing simulation exercises to raise risk awareness. – Maintenance of information risk management processes including a risk register and standard contract language. – Risk assessment of third parties based on access to IHG systems, data, and operational reliance using a combination of manual procedures, for example, completion of security questionnaires, and independent cyber risk scoring. Critical rated third parties are reviewed annually. – Security compliance to coordinate required tracking of compliance for applicable regulations and standards, including remediation of any regulatory and audit findings. – Security engineering and architecture to define, implement and maintain standards for the secure use of core technology platforms and solutions, including new technology solutions and potential business partners and acquisitions. – Assessment of the security of individual business applications and platforms, including good security hygiene within coding. – Vulnerability management for all technical components of infrastructure and core application platforms. – Identity and access management for global platforms and solutions, including privileged access management, and loyalty account members. – Cyber threat intelligence relationships with worldwide law enforcement and intelligence sharing organisations, profiling likely threat actors and methods, and providing insight on threat levels. – Security operations monitoring, triaging alerts to facilitate response and action within agreed service level agreements. – Cyber incident response using agreed and practised playbooks for security events, coordinating with external incident response groups and wider IHG crisis protocols, and deploying tabletop exercises to simulate scenarios and identify potential gaps in response. – Center of Excellence project management, continuous process improvement, tracking of key performance metrics, change management, and communications to internal, executive and external stakeholder groups.       In 2024 we did not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, despite our efforts, we cannot eliminate all risks from cybersecurity threats, or provide assurances that we have not experienced an undetected cybersecurity incident. As we explained in our 6 and 29 September 2022 Stock Exchange Announcements, parts of our technology systems were subject to unauthorised activity, causing disruption to our booking channels and other applications. In line with our crisis management framework, teams across IHG came together to evaluate and address the incident, supported by external specialists. No evidence of unauthorised access to systems storing guest data was identified. The Board was engaged throughout the incident response.
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	As we explained in our 6 and 29 September 2022 Stock Exchange Announcements, parts of our technology systems were subject to unauthorised activity, causing disruption to our booking channels and other applications. In line with our crisis management framework, teams across IHG came together to evaluate and address the incident, supported by external specialists. No evidence of unauthorised access to systems storing guest data was identified. The Board was engaged throughout the incident response.
Cybersecurity Risk Board of Directors Oversight [Text Block]	Cybersecurity Cybersecurity governance IHG’s Board of Directors is ultimately accountable for establishing a framework of prudent and effective controls, which enable risk to be assessed and managed. Management, including the Chief Information Security Officer (CISO) and our cybersecurity team, regularly update the Board on the company’s cybersecurity programmes, material risks and mitigation strategies and provide status and risk reports at least annually. The Management is responsible for identifying, considering and assessing material cybersecurity risks on an ongoing basis, establishing processes to ensure that such potential exposures are monitored, putting in place appropriate mitigation measures and maintaining cybersecurity programmes. This is guided by periodic external third-party assessment of IHG’s cyber risks and the maturity of the cybersecurity programme. The cyber incident response framework uses defined playbooks, coordinating with external incident response groups and aligning with wider IHG crisis management and escalation protocols, including triggers for reporting to senior management, Board of Directors and external parties where required. IHG’s CISO has overall responsibility for the Information Security strategy and the development and management of the associated programme. The CISO was hired by IHG in 2018 from Invesco, a global investment management company, where he built and ran the cybersecurity programme as CISO for more than 10 years. The CISO is supported by a dedicated, certified and experienced in-house The CISO receives reports from the team to enable the monitoring of the prevention, detection, mitigation, and remediation of cybersecurity incidents. IHG employs several independent or third-party mechanisms to provide a level of assurance that the different information security capabilities are operating effectively and assessment of risk is also informed by observations arising from a variety of independent auditing either from IHG’s Internal Audit function or as part of regulatory compliance work performed including Sarbanes-Oxley, HIPAA, SWIFT, SOC-1 B D
Cybersecurity Risk Role of Management [Text Block]	Cybersecurity risk management Cybersecurity is an integral part of IHG’s overall risk management and internal control framework. Our information security risk management programme follows the National Institute of Standards and Technology Cyber Security Framework and supports the identification of the systems, data, and other information assets that are considered most sensitive from a confidentiality perspective, or most critical from an availability perspective. These include guest data, credit card data, pre-public Standards, policies and procedures are in place to manage how personal data can be used and protected across IHG, including a requirement for participation by all employees in annual e-learning
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	IHG’s CISO has overall responsibility for the Information Security strategy and the development and management of the associated programme. The CISO was hired by IHG in 2018 from Invesco, a global investment management company, where he built and ran the cybersecurity programme as CISO for more than 10 years. The CISO is supported by a dedicated, certified and experienced in-house
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Management is responsible for identifying, considering and assessing material cybersecurity risks on an ongoing basis, establishing processes to ensure that such potential exposures are monitored, putting in place appropriate mitigation measures and maintaining cybersecurity programmes.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The cyber incident response framework uses defined playbooks, coordinating with external incident response groups and aligning with wider IHG crisis management and escalation protocols, including triggers for reporting to senior management, Board of Directors and external parties where required.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Accounting Policies

Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [line items]
Accounting Policies	Accounting policies General information The Consolidated Financial Statements of InterContinental Hotels Group PLC (the ‘Group’ or ‘IHG’) for the year ended 31 December 2024 were authorised for issue in accordance with a resolution of the Directors on 17 February 2025. InterContinental Hotels Group PLC (the ‘Company’) is incorporated and registered in England and Wales. Basis of preparation The Consolidated Financial Statements of IHG have been prepared on a going concern basis (see below) and under the historical cost convention, except for assets and liabilities measured at fair value under relevant accounting standards. The Consolidated Financial Statements have been prepared in accordance with UK-adopted UK-adopted Going concern The period to 30 June 2026 has been used to complete the going concern assessment. In adopting the going concern basis for preparing the Group financial statements, the Directors have considered a ‘Base Case’ scenario, as prepared by management, which assumes Global RevPAR in 2025 and 2026 continues to grow in line with market expectations in each of our regions. The assumptions applied in the Base Case scenario are consistent with those used for Group planning purposes, for impairment testing (impairment tests adjusted for factors specific to individual properties or portfolios) and for assessing recoverability of deferred tax assets. The Directors have also reviewed a ‘Severe Downside Case’ which is based on a severe but plausible scenario equivalent to the market conditions experienced through the 2008/2009 global financial crisis. This assumes that trading performance during 2025 starts to worsen and then RevPAR decreases significantly by 17% in 2026. A large number of the Group’s principal risks would result in an impact on RevPAR, which is one of the sensitivities assessed against the headroom available in the Base Case and Severe Downside Case scenarios. Climate risks are not considered to have a significant impact over the period of assessment. Other principal risks that could result in a large one-off The final one-year The Group’s key covenant requires net debt:EBITDA below 4.0x. See 23 additional information. In September 2024 the Group issued a € The Base Case assumes new funding is completed in 2025 and 2026 for refinancing purposes, however no additional funding is modelled in the Severe Downside Case. Under the Base Case and Severe Downside Case, bank covenants are not breached and there is significant headroom to the covenants to absorb multiple additional risks and uncertainties. The Directors also reviewed a number of actions that could be taken, if required, to reduce discretionary spend, creating substantial additional headroom to the covenants. The Directors reviewed a reverse stress test scenario to determine what decrease in RevPAR would create a breach of the covenants. The Directors concluded that it was very unlikely that a single risk or combination of the risks considered could create the sustained RevPAR impact required, except for a significant global event. Having reviewed these scenarios, the Directors have a reasonable expectation that the Group has sufficient resources to continue operating until at least 30 June 2026. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Presentational currency The Consolidated In the Consolidated Financial Statements, equity share capital, the capital redemption reserve and shares held by employee share trusts are translated into US dollars at the relevant rate of exchange on the last day of the period; the resultant exchange differences are recorded in other reserves. The functional currency of the Company is sterling since this is a non-trading Critical accounting policies and the use of judgements, estimates and assumptions In determining and applying the Group’s accounting policies, management are required to make judgements, estimates and assumptions. An accounting policy is considered to be critical if its selection or application could materially affect the reported amounts of assets and liabilities at the date of the Consolidated Financial Statements, or the reported amounts of revenues and expenses during the reporting period, or could do so within the next financial year.     Judgements System Fund The Group operates a System Fund (the ‘Fund’) to collect and administer cash assessments from hotel owners for specified purposes of use including marketing, reservations, certain hotel services and the Group’s loyalty programme, IHG One Rewards. Assessments are generally levied as a percentage of hotel revenues but may also be volume-based or fixed monthly fees. The Fund is not managed to generate a surplus or deficit for IHG over the longer term, but is managed for the benefit of the IHG System with the objective of driving revenues for the hotels in the System. In relation to marketing and reservation services, the Group’s performance obligation under IFRS 15 ‘Revenue from Contracts with Customers’ is determined to be the continuous performance of the services rather than the spending of the assessments received. Accordingly, assessment fees are recognised as hotel revenues occur, Fund expenses are charged to the Group income statement as incurred and no constructive obligation is deemed to exist under IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’. Accordingly, no liability is recognised relating to the balance of unspent funds. No other critical judgements have been made in applying the Group’s accounting policies. Estimates Management consider that significant estimates and assumptions are used as described below. Estimates and assumptions are evaluated by management using historical experience and other factors believed to be reasonable based on current circumstances. Loyalty programme The loyalty programme, IHG One Rewards, enables members to earn points during each qualifying stay at an IHG branded hotel and through other partnerships and programmes. Members are able to consume those points at a later date for free or reduced accommodation or other benefits. Points revenue includes hotel assessments, revenue from third-party partners and proceeds from points purchased directly by members. The Group recognises deferred revenue in an amount that reflects IHG’s unsatisfied performance obligations, valued at the stand-alone selling price of the future benefit to the member. The amount of revenue recognised and deferred is impacted by ‘breakage’ (points that will never be consumed). On an annual basis the Group engages an external actuary who uses statistical formulae to assist in the estimate of breakage. Significant estimation uncertainty exists in projecting members’ future consumption activity. If future member behaviour deviates significantly from expectations, breakage estimates could increase or decrease. At 31 December 2024, deferred revenue relating to the loyalty programme was $1,653m (2023: $1,529m, 2022: $1,411m). Based on the conditions existing at the balance sheet date, a one percentage point decrease/increase in the breakage estimate relating to earned points would increase/reduce the deferred revenue liability by $86m and would correspondingly impact the value of System Fund and reimbursable revenues recognised. Material accounting policies Basis of consolidation The Consolidated Financial Statements comprise the financial statements of the Parent Company and entities controlled by the Group. Control exists when the Group has: – power over an investee (i.e., existing rights that give it the current ability to direct the relevant activities of the investee); – exposure, or rights, to variable returns from its involvement with the investee; and – the ability to use its power over the investee to affect its returns. All intra-group balances and transactions are eliminated on consolidation. The assets, liabilities and results of those businesses acquired or disposed of are consolidated for the period during which they were under the Group’s control. Foreign currencies Within the Group’s subsidiaries, transactions in foreign currencies are translated to the subsidiary’s functional currency at the exchange rates ruling on the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the subsidiary’s functional currency at the relevant rates of exchange ruling on the last day of the period. On consolidation: – The assets and liabilities of foreign operations of the Group’s subsidiaries with a functional currency other than US dollars are translated into US dollars at the relevant rates of exchange ruling on the last day of the period. The revenues and expenses of foreign operations are translated into US dollars at average rates of exchange for each month of the reporting period. The Group treats specific intercompany loan balances, which are not intended to be repaid in the foreseeable future, as part of its net investment. The exchange differences arising on retranslation are taken to the currency translation reserve; and – Exchange differences arising from the translation of instruments that are designated as a hedge against a net investment in a foreign operation are taken to the currency translation reserve. On disposal of a foreign operation, the cumulative amount recognised in the currency translation reserve relating to that particular foreign operation is recycled as part of the gain or loss on disposal. Revenue recognition Revenue is recognised at an amount that reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Fee business revenue Under franchise agreements, the Group’s performance obligation is to provide a licence to use IHG’s trademarks and other intellectual property. Franchise royalty fees are typically charged as a percentage of hotel gross rooms revenues and are treated as variable consideration, recognised as the underlying hotel revenues occur. Under management agreements, the Group’s performance obligation is to provide hotel management services and a licence to use IHG’s trademarks and other intellectual property. Base and incentive management fees are typically charged. Base management fees are           typically a percentage of total hotel revenues and incentive management fees are generally based on the hotel’s profitability or cash flows. Both are treated as variable consideration. Like franchise fees, base management fees are recognised as the underlying hotel revenues occur. Incentive management fees are recognised over time when it is considered highly probable that the related performance criteria for each annual period will be met, provided there is no expectation of a subsequent reversal of the revenue. Application and re-licensing Under franchise and management agreements, the Group agrees to maintain and develop certain aspects of the technology ecosystem benefitting hotels, in exchange for a monthly technology fee based on either gross rooms revenues or the number of rooms in the hotel. The technology fee is charged and recognised over time as these services are delivered. Technology fee income is included in Central revenue. Technical service fees are received in relation to design and engineering support provided prior to the opening of certain hotel properties. These services are a distinct performance obligation and the fees are recognised as revenue over the pre-opening The Group has applied the practical expedient in IFRS 15 not to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as at the end of the reporting period for all amounts where the Group has a right to consideration in an amount that corresponds directly with the value to the customer of the Group’s performance completed to date (including franchise and management fees). Contract assets Amounts paid to hotel owners to secure management and franchise agreements (‘key money’) are treated as consideration payable to a customer. A contract asset is recorded which is recognised as a deduction to revenue over the initial term of the agreement. In limited cases, loans can be provided to an owner, in such cases the initial credit risk will be low. The difference, if any, between the face and market value of the loan on inception is recognised as a contract asset. In limited cases, the Group may provide performance guarantees to hotel owners. The expected value of payments under performance guarantees reduces the overall transaction price and is recognised as a deduction to revenue over the term of the agreement. Typically, contract assets are not financial assets as they represent amounts paid by the Group at the beginning of a contract, and so are tested for impairment based on value in use rather than with reference to expected credit losses. Contract assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. If carrying values exceed the recoverable amount, determined by reference to estimated future cash flows discounted to their present value using a pre-tax Deferred revenue Deferred revenue is recognised when payment is received before the related performance obligation is satisfied. Revenue is also deferred when key money is committed and is highly likely to be paid. The annual revenue deferral is equal to the reduction to revenue that would arise if the key money were paid at inception of the contract. When payment is made, a net contract asset is recorded which is amortised over the remaining initial term of the agreement. Contract costs Certain costs incurred to secure management and franchise agreements, typically developer commissions, are capitalised and amortised as an expense over the initial term of the related agreement. These costs are presented as contract costs in the Group statement of financial position. Contract costs are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable with reference to the future expected cash flows from the contract. Revenue from owned, leased and managed lease hotels At its owned, leased and managed lease hotels, the Group’s performance obligation is to provide accommodation and other goods and services to guests. Revenue includes rooms revenue and food and beverage sales, which are recognised when the rooms are occupied and food and beverages are sold. Guest deposits received in advance of hotel stays are recorded as deferred revenue in the Group statement of financial position. They are recognised as revenue along with any balancing payment from the guest when the associated stay occurs. System Fund and reimbursable revenues System Fund and other co-brand The Group operates the Fund to collect and administer cash assessments from hotel owners for specified purposes of use including marketing, reservations, certain hotel services and IHG One Rewards. The Fund also benefits from certain proceeds from the sale of loyalty points under third-party co-branding The growth in the IHG One Rewards programme means that, although assessments are received from hotels up front when a member earns points, more revenue is deferred each year than is recognised in the Fund. This can lead to accounting losses in the Fund each year as the deferred revenue balance grows. Under both franchise and management agreements, the Group is required to provide marketing and reservations services, as well as other centrally managed programmes. These services are provided by the Fund and are funded by assessment fees. Costs are incurred and allocated to the Fund in accordance with the principles agreed with the IHG Owners Association and     ensuring appropriate consistency of application. The Group acts as principal in the provision of most services as the related expenses primarily comprise payroll and marketing expenses under contracts entered into by the Group. Assessment fees from hotel owners are generally levied as a percentage of hotel revenues, but may also be volume-based or fixed monthly fees, and are recognised at the point the Group is entitled to raise the invoice. Certain travel agency commission and other revenues within the Fund are recognised on a net basis, where it has been determined that IHG is acting as agent. In respect of IHG One Rewards, the performance obligations are to arrange for the provision of future benefits to members on consumption of previously earned reward points and Milestone Rewards. Points are exchanged for reward nights at an IHG hotel or other goods or services provided by third parties. Milestone Rewards comprise points or other benefits such as upgrades and food and beverage vouchers. Under its franchise and management agreements, IHG receives assessment fees based on total qualifying hotel revenue from IHG One Rewards members’ hotel stays. The Group’s performance obligation is not satisfied in full until the member has consumed the relevant benefits. Accordingly, loyalty assessments are allocated between points and Milestone Rewards and deferred in an amount that reflects the stand-alone selling price of the future benefit to the member. From 1 January 2024, as agreed with the IHG Owners Association, a portion of revenue relating to the consumption of certain points sold is reported within fee business revenue, with the remaining amount reported within System Fund and reimbursable revenues. Revenue relating to points earned at hotels continues to be reported within System Fund and reimbursable revenues. Revenue is impacted by a ‘breakage’ estimate of the benefits that will never be consumed. On an annual basis, the Group engages an external actuary who uses statistical formulae to assist in formulating this estimate, which is adjusted to reflect actual experience up to the reporting date. As materially all of the awards will be either consumed at IHG managed or franchised hotels owned by third parties, or exchanged for awards provided by third parties, IHG is deemed to be acting as agent on consumption and therefore recognises the related revenue net of the cost of reimbursing the hotel or third party that is providing the benefit. Performance obligations under the Group’s co-brand a) Arranging for the provision of future benefits to members who have earned points or free night certificates; b) Providing the co-brand c) Marketing services. Revenue from a) is reported within System Fund and reimbursable revenues and revenue from b) is reported within fee business revenue. Revenue from c) is recognised in either fee business revenue or System Fund and reimbursable revenues depending on the nature of marketing services performed. Fees from these agreements comprise fixed amounts normally payable at the beginning of the contract, and variable amounts paid on a monthly basis. Variable amounts are typically based on the number of points and free night certificates issued to members and the marketing services performed by the Group. Total fees are allocated to the performance obligations based on their estimated stand-alone selling prices. Revenue allocated to marketing and licensing obligations is recognised on a monthly basis as the obligations are satisfied. Revenue relating to points and free night certificates is recognised when the member has consumed the points or certificates at a participating hotel or has selected a reward from a third party, net of the cost of reimbursing the hotel or third party that is providing the benefit. Judgement is required in estimating the stand-alone selling prices which are based upon generally accepted valuation methodologies regarding the value of the licence provided and the number of points and certificates expected to be issued. However, the value of revenue recognised and the deferred revenue balance at the end of the year is not materially sensitive to changes in these assumptions. Reimbursable revenues In a managed property, the Group typically acts as employer of the general manager and, in some cases, other employees at the hotel and is entitled to reimbursement of these costs. The performance obligation is satisfied over time as the employees perform their duties, consistent with when reimbursement is received. Reimbursements for these services are shown as revenue with an equal matching employee cost, with no profit impact. Certain other costs relating to both managed and franchised hotels are also contractually reimbursable to IHG and, where IHG is deemed to be acting as principal in the provision of the related services, the revenue and cost are shown on a gross basis. Segmental information The Group has four reportable segments reflecting its geographical regions (Americas, EMEAA, Greater China) and its Central functions. Central functions include technology, sales and marketing, finance, human resources, corporate services and insurance results. Central revenue arises principally from technology fee income and ancillary revenues including co-brand No operating segments are aggregated to form these reportable segments. Management monitors the operating results of these reportable segments for the purpose of making decisions about resource allocation and performance assessment. Each of the geographical regions is led by its own Chief Executive Officer who reports to the Group Chief Executive Officer. The System Fund is not managed to generate a profit or loss for IHG over the longer term and cost reimbursements do not impact in-year       Segmental performance is evaluated based on operating profit or loss and is measured consistently with operating profit or loss in the Group Financial Statements, excluding System Fund, reimbursables and exceptional items. Group financing activities, fair value gains or losses on contingent purchase consideration and income taxes are managed on a Group basis Financial income and expenses Financial income and expenses include income and charges on the Group’s financial assets and liabilities and related hedging instruments, and foreign exchange gains and losses primarily related to the Group’s internal funding structure. Finance charges relating to bank and other borrowings, including transaction costs and any discount or premium on issue, are recognised in the Group income statement using the effective interest rate method. In the Group statement of cash flows, interest paid and received is presented within cash from operating activities, including any fees and discounts on issuance or settlement of borrowings. Exceptional items The Group discloses certain financial information both including and excluding exceptional items. The presentation of information excluding exceptional items allows a better understanding of the underlying trading performance and trends of the Group and its reportable segments. It also provides consistency with the Group’s internal management reporting. In determining whether an event or transaction is exceptional, quantitative and qualitative factors are considered. Exceptional items are identified by virtue of their size, nature or incidence, with consideration given to consistency of treatment with prior years and between gains and losses. The tax effect of exceptional items is also presented as exceptional. Examples of exceptional items include, but are not restricted to, gains and losses on the disposal of assets, impairment charges and reversals, the costs of individually significant legal cases or commercial disputes and reorganisation costs. All exceptional items are subject to review by the Audit Committee. Earnings per share Basic earnings per ordinary share is calculated by dividing the profit for the year available for IHG equity holders by the weighted average number of ordinary shares, excluding investment in own shares, in issue during the year. Diluted earnings per ordinary share is calculated by adjusting basic earnings per ordinary share to reflect the notional exercise of the weighted average number of dilutive ordinary share awards outstanding during the year. Where the effect of the notional exercise of outstanding ordinary share awards is anti-dilutive, these are excluded from the diluted earnings per share calculation. Business combinations and goodwill On the acquisition of a business, identifiable assets acquired and liabilities assumed are measured at their fair value. Contingent liabilities assumed are measured at fair value unless this cannot be measured reliably, in which case they are not recognised but are disclosed in the same manner as other contingent liabilities. The measurement of deferred tax assets and liabilities arising on acquisition is as described in the general principles detailed within the ‘Taxes’ accounting policy note on page 205 with the exception that no deferred tax is provided on taxable temporary differences in connection with the initial recognition of goodwill. The cost of an acquisition is measured as the aggregate of the fair value of the consideration transferred. Contingent purchase consideration is measured at fair value on the date of acquisition and is re-measured Deferred purchase consideration is subsequently measured at amortised cost and the effect of unwinding the discount is recorded in financial expenses. Payments of contingent and deferred purchase consideration reduce the respective liabilities. In respect of contingent purchase consideration Goodwill is recorded at cost, being the difference between the fair value of the consideration and the fair value of net assets acquired. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses and is not amortised. Transaction costs are expensed and are not included in the cost of acquisition. Intangible assets Brands Externally acquired brands are initially recorded at cost if separately acquired or fair value if acquired as part of a business combination, provided the brands are controlled through contractual or other legal rights, or are separable from the rest of the business. Brands are tested for impairment at least annually if determined to have indefinite lives. The costs of developing internally generated brands are expensed as incurred.     Management agreements Management agreements acquired as part of a business combination are initially recognised at the fair value attributed to those contracts on acquisition and are subsequently amortised on a straight-line basis over the term of the agreements, including any extension periods at the Group’s option. Software Internally generated software development costs are capitalised when all of the following can be demonstrated: – The ability and intention to complete the project; – That the completed software will generate probable future economic benefits; – The availability of adequate technical, financial and other resources to complete the project; and – The ability to measure the expenditure. Amounts capitalised typically include internal and third-party labour and consultancy costs. Costs incurred before the above criteria are satisfied in the research phase are expensed. In addition, configuration and customisation costs relating to cloud computing arrangements are expensed. Following initial recognition, the asset is carried at cost less any accumulated amortisation and impairment losses. Costs are generally amortised over estimated useful lives of three straight-line seven 224 ). Property, plant and equipment Property, plant and equipment are stated at cost less depreciation and any accumulated impairment. Repairs and maintenance costs are expensed as incurred. Land is not depreciated. All other property, plant and equipment are depreciated to a residual value over their estimated useful lives, namely: – Buildings – over a maximum of 50 years; and – Fixtures, fittings and equipment – three All depreciation is charged on a straight-line basis. Residual value is reassessed annually. Where the Group holds land or other property which it intends to occupy and provide hotel services, either as owner or manager, it is classified as property, plant and equipment. Leases The Group as lessee On inception of a contract, the Group assesses whether it contains a lease. A contract contains a lease when it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to use the asset and the obligation under the lease to make payments are recognised in the Group statement of financial position as a right-of-use Lease contracts may contain both lease and non-lease non-lease The right-of-use Right-of-use Right-of-use A lease liability is recorded when the leased asset is available for use by the Group and is initially measured at the present value of the lease payments to be made over the lease term. The lease payments include fixed payments (including ‘in-substance ‘In-substance readily The lease term includes periods subject to extension options which the Group is reasonably certain to exercise and excludes the effect of early termination options where the Group is reasonably certain that it will not exercise the option. Minimum lease payments include the cost of a purchase option if the Group is reasonably certain it will purchase the underlying asset after the lease term. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for lease payments made. The carrying amount of lease liabilities is re-measured Variable lease payments are payable under certain of the Group’s hotel leases and arise where the Group is committed to making lease payments that are contingent on the performance of these hotels. Such lease payments that do not depend on an index or a rate are recognised as an expense in the period over which the event or condition that triggers the payment occurs. The Group has opted not to apply the lease accounting model to intangible assets, leases of low-value Payments and receipts are presented as follows in the Group statement of cash flows: – Short-term lease payments, payments for leases of low-value – Payments for the interest element of recognised lease liabilities are included in interest paid within cash flows from operating activities; and – Payments for the principal element of recognised lease liabilities are presented within cash flows from financing activities.       The Group as lessor Leases, including subleases, for which the Group is a lessor are classified as finance or operating leases. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the lease is classified as a finance lease. All other leases are classified as operating leases. Where a leased property earns rentals under an operating sublease outside of the normal course of business, the Group’s interest in the lease is classified as an investment property within right-of-use When the lease is classified as an operating lease, rental income arising is accounted for on a straight-line basis in the Group income statement. When the lease is classified as a finance lease, the Group’s interest in the lease is derecognised and is replaced by a finance lease receivable. Any difference between those amounts is recognised in the Group income statement. Finance lease receivables are presented within other receivables and are initially measured at the present value of lease payments receivable under the sublease plus any initial direct costs. Finance lease interest is recognised within financial income in the Group income statement. Receipts are presented as follows in the Group statement of cash flows: – Receipts from operating leases are presented within cash flows from operating activities; and – Receipts of principal from finance leases are presented within cash flows from investing activities. Associates and joint ventures An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the entity, but is not control or joint control over those policies. A joint venture exists when two or more parties have joint control over, and rights to the net assets of, the venture. Joint control is the contractually agreed sharing of control which only exists when decisions about the relevant activities require the unanimous consent of the parties sharing control. In determining the extent of power or significant influence, consideration is given to other agreements between th

Exchange rates

Exchange rates	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Exchange rates	1. Exchange rates                  2024                  2023                    2022  $1 equivalent Average Closing Average Closing Average   Closing  Sterling £0.78 £0.80 £0.80 £0.78 £0.81   £0.83  Euro €0.92 €0.96 € € € €

Segmental information

Segmental information	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Segmental information	2. Segmental information Revenue       2024      2023       2022  Year ended 31 December $m  $m  $m  Americas 1,141 1,105 1,005 EMEAA 748 677 552 Greater China 161 161 87 Central 262 221 199 Revenue from reportable segments 2,312 2,164 1,843 System Fund and reimbursable revenues 2,611 2,460 2,049 Total revenue 4,923 4,624 3,892 Profit       2024     2023      2022 Year ended 31 December $m $m $m Americas 828 815 761 EMEAA 270 215 152 Greater China 98 96 23 Central (72 ) (107 ) (108 ) Operating profit from reportable segments 1,124 1,019 828 System Fund and reimbursable result (83 ) 19 (105 ) Operating exceptional items (note 6 – 28 (95 ) Operating profit 1,041 1,066 628 Net financial expenses (140 ) (52 ) (96 ) Fair value (losses)/gains on contingent purchase consideration (4 ) (4 ) 8 Profit before tax 897 1,010 540 Tax (269 ) (260 ) (164 ) Profit for the year 628 750 376     Non-cash reportable Americas EMEAA Greater China Central Group Year ended 31 December 2024      $m      $m      $m      $m      $m Depreciation and amortisation a 24 12 3 26 65 Contract assets deduction in revenue 24 18 1 – 43 Equity-settled share-based payments cost 10 5 3 19 37 Share of profit of associates and joint ventures (4 ) (6 ) – – (10 ) Americas EMEAA Greater China Central Group Year ended 31 December 2023      $m      $m      $m      $m       $m Depreciation and amortisation a 24 12 4 27 67 Contract assets deduction in revenue 21 15 1 – 37 Equity-settled share-based payments cost 9 4 2 16 31 Share of profit of associates and joint ventures (5 ) (8 ) – – (13 ) Americas EMEAA Greater China Central Group Year ended 31 December 2022      $m       $m       $m      $m       $m Depreciation and amortisation a 23 13 4 28 68 Contract assets deduction in revenue 18 13 1 – 32 Equity-settled share-based payments cost 8 4 2 14 28 Share of profit of associates (1 ) – – – (1 ) a. Includes $16m (2023: $17m, 2022: $15m) relating to cost of sales in owned, leased and managed lease hotels and $49m (2023: $50m, 2022: $53m) relating to other assets. A further $80m (2023: $83m, 2022: $86m) was recorded within System Fund and reimbursable expenses. Additions to non-current Geographical information 2024 2023 2022 Year ended 31 December      $m      $m      $m Revenue United Kingdom 291 263 243 United States 1,902 1,777 1,659 Rest of World 1,119 1,020 773 3,312 3,060 2,675 System Fund revenues (note 31 1,611 1,564 1,217 4,923 4,624 3,892 For the purposes of the above table, fee business, owned, leased and managed lease and reimbursable revenues are determined according to the location of the hotel and other revenue is attributed to the country of origin. In addition to the United Kingdom, revenue relating to an individual country is separately disclosed when it represents 10% or more of total revenue. System Fund revenues are not included in the geographical analysis as the Group does not monitor the Fund’s revenue by location of the hotel or, in the case of the loyalty programme, according to the location where members consume their rewards. 2024 2023 31 December      $m      $m Non-current United Kingdom 104 100 United States 1,370 1,332 Rest of World 778 660 2,252 2,092 For the purposes of the above table, non-current right-of-use non-current non-current non-current non-current non-current

Revenue

Revenue	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Revenue	3. Revenue Disaggregation of revenue Americas EMEAA Greater China Central Group Year ended 31 December 2024      $m      $m      $m      $m      $m Franchise and base management fees 958 277 122 – 1,357 Incentive management fees 21 118 39 – 178 Central revenue – – – 239 239 Revenue from fee business 979 395 161 239 1,774 Revenue from owned, leased and managed lease hotels 162 353 – – 515 Revenue from insurance activities – – – 23 23 1,141 748 161 262 2,312 System Fund revenues (note 31 1,611 Reimbursable revenues (note 31 1,000 Total revenue 4,923 Following execution of a revised agreement with the IHG Owners Association, a portion of ancillary revenue from the consumption of certain IHG One Rewards points are reported in Central revenue. The agreed change initially applies to to consumers revenue (see page 200), revenue from the sale of points is deferred until the future benefit has been consumed by the member. Americas EMEAA Greater China Central Group Year ended 31 December 2023       $m      $m      $m      $m      $m Franchise and base management fees 936 253 115 – 1,304 Incentive management fees 21 101 46 – 168 Central revenue – – – 200 200 Revenue from fee business 957 354 161 200 1,672 Revenue from owned, leased and managed lease hotels 148 323 – – 471 Revenue from insurance activities – – – 21 21 1,105 677 161 221 2,164 System Fund revenues (note 31 ) 1,564 Reimbursable revenues (note 31 ) 896 Total revenue 4,624 Americas EMEAA Greater China Central Group Year ended 31 December 2022       $m      $m      $m      $m      $m Franchise and base management fees 861 215 71 – 1,147 Incentive management 18 69 16 – 103 Central revenue – – – 184 184 Revenue from fee business 879 284 87 184 1,434 Revenue from owned, leased and managed lease hotels 126 268 – – 394 Revenue from insurance activities – – – 15 15 1,005 552 87 199 1,843 System Fund revenues (note 31 ) 1,217 Reimbursable revenues (note 31 ) 832 Total revenue 3,892 Contract balances 31 December 2024      $m   2023      $m Trade receivables (note 16) 651 580 Contract assets 650 459 Deferred revenue (2,060 ) (1,848 )     Contract assets     2024     2023 At 1 January 459 367 Additions 237 129 Recognised as a deduction to revenue (43 ) (37 ) Impairment reversals (note 6 3 – Repayments – (7 ) Exchange and other adjustments (6 ) 7 At 31 December 650 459 Analysed as: Current 38 35 Non-current 612 424 650 459 The increase in the balance of contract assets in the year is due to payments in the year exceeding amounts recognised as a reduction to revenue over the term of the relevant management and franchise agreements, reflecting the growth in the Group’s system size including the NOVUM conversion portfolio. The Group also has future commitments for key money payments which are contingent upon future events and may reverse. At 31 December 2024, the maximum exposure remaining under performance guarantees was $77m (2023: $80m). Deferred revenue Loyalty Other co-brand fees Application & re-licensing fees Other $m Total $m At 1 January 2023 1,411 33 167 113 1,724 Increase in deferred revenue 672 – 27 63 762 Recognised as revenue (554 ) (11 ) (23 ) (48 ) (636 ) Exchange and other adjustments – – – (2 ) (2 ) At 31 December 2023 1,529 22 171 126 1,848 Increase in deferred revenue 726 97 23 61 907 Recognised as revenue (602 ) (8 ) (23 ) (58 ) (691 ) Exchange and other adjustments – – – (4 ) (4 ) At 31 December 2024   1,653     111     171     125   2,060 Analysed as: Current 661 12 23 70 766 Non-current 992 99 148 55 1,294 1,653 111 171 125 2,060 At 31 December 2023 analysed as: Current 649 11 22 70 752 Non-current 880 11 149 56 1,096 1,529 22 171 126 1,848 Increase in deferred revenue includes both Loyalty programme revenues, shown gross in the table above, are presented net of the corresponding redemption cost in the Group income statement. Other deferred revenue includes technical service fees and guest deposits received by owned, leased and managed lease hotels.       Transaction price allocated to remaining performance obligations The expected timing of recognition of amounts received and not yet recognised relating to performance obligations that were unsatisfied at the year end are as follows: 2024 2023 Loyalty and co-brand Other Total Loyalty and co-brand Other Total $m $m $m $m $m $m Less than one year 673 93 766 660 92 752 Between one and two years 355 43 398 346 43 389 Between two and three years 214 30 244 195 32 227 Between three and four years 140 24 164 118 24 142 Between four and five years 95 22 117 73 20 93 More than five years 287 84 371 159 86 245   1,764     296   2,060   1,551     297      1,848 Contract costs     2024     2023 At 1 January 87 80 Costs incurred 18 15 Charged to income statement (8 ) (8 ) Exchange and other adjustments (2 ) –  At 31 December 95 87 Analysed as: Current 5 5 Non-current 90 82 95 87

Staff costs and Directors' remu

Staff costs and Directors' remuneration	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Staff costs and Directors' remuneration	4. Staff costs and Directors’ remuneration Staff costs and average number Staff costs     2024 $m     2023 a $m     2022 a $m Wages and salaries 1,890 1,752   1,558   Social security costs 159 143 117 Share-based payment costs (note 27) 67 56 46 Pension and other post-retirement benefits: Defined benefit plans 7 4 2 Defined contribution plans 62 58 53 2,185 2,013 1,776 Analysed as: Costs borne by IHG b 800 747 646 Costs borne by the System Fund or reimbursed 1,385 1,266 1,130 2,185 2,013 1,776 a. Re-presented b In 2022, included $1m classified as exceptional relating to the costs of ceasing operations in Russia.     Monthly average number of employees, including part-time employees     2024     2023     2022 Employees whose costs are borne by IHG: Americas 1,612 1,578 1,548 EMEAA 3,635 3,642 3,638 Greater China 357 352 333 Central 1,783 1,720 1,528 7,387 7,292 7,047 Employees whose costs are borne by the System Fund or are reimbursed 20,752 20,306 18,833 28,139 27,598 25,880 Directors’ remuneration     2024     2023     2022 Base salaries, fees, annual performance payments and benefits 6.9 6.9 7.9 More detailed information on the remuneration including pensions, share awards and shareholdings for each Director is shown in the Directors’ Remuneration Report on pages 144 and 152. In addition, amounts received or receivable under long-term incentive schemes are shown on page 144.

Auditor's remuneration paid to

Auditor's remuneration paid to Pricewaterhouse Coopers LLP	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Auditor's remuneration paid to Pricewaterhouse Coopers LLP	5. Auditor’s remuneration PricewaterhouseCoopers LLP     2024     2023     2022 Audit of the Financial Statements 7 7 6 Audit of subsidiaries 3 3 2 Other assurance services a 1 1 1 11 11 9 Under SEC regulations analysed as: Audit 10 10 8 Other audit-related 1 1 1 11 11 9 a. Other assurance services consists of IT assurance and audit of System Fund financial information.

Exceptional items

Exceptional items	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Exceptional items	6. Exceptional items Note     2024     2023     2022 Administrative expenses: Costs of ceasing operations in Russia (a ) – – (12 ) Commercial litigation and disputes (b ) (12 ) – (28 ) (12 ) – (40 ) Share of profits/(losses) of associate (c ) – 18 (60 ) Other operating income (d ) – 10 – Impairment reversal on financial assets (e ) 6 – – Other net impairment reversals/(charges): Management agreements – reversal 11 – – 12 Property, plant and equipment – charge 12 – – (10 ) – reversal 12 3 – 3 Right-of-use – charge 12 – – (2 ) – reversal 13 – – 2 Associates – reversal 14 – – 2 Contract assets – charge ( f ) – – (5 ) – reversal ( f ) 3 – 3 6 – 5 Operating exceptional items – 28 (95 ) Tax on exceptional items ( g ) – (7 ) 26 Tax – (7 ) 26 Operating exceptional items analysed as: Americas 4 27 (46 ) EMEAA (4 ) 1 (49 ) – 28 (95 ) The above items are defined by management as exceptional as further described on page 201.     (a) Costs of ceasing operations in Russia On 27 June 2022, the Group announced it was in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there. The costs associated with the cessation of corporate operations in Moscow and long-term management and franchise contracts were presented as exceptional due to the nature of the war in Ukraine which drove the Group’s response. (b) Commercial litigation and disputes From time to time, the Group is subject to legal proceedings the ultimate outcome of each being always subject to many uncertainties inherent in litigation. In the year to 31 December 2024, the charge (c) Share of profits/losses of associate As part of an agreed settlement of a 2021 commercial dispute in relation to the Barclay associate, in 2022 the Group was allocated expenses in excess of its actual percentage share which directly reduced the Group’s current interest in the associate. This resulted in $60m of additional expenses being allocated to the Group in 2022, with a current tax benefit of $15m and, applying equity accounting to this additional share of expenses, reduced the Group’s investment to $nil. In addition, a liability of $18m was recognised, reflecting an unavoidable obligation to repay this amount in certain circumstances. The value of the was were were was In 2023, the increase in fair value of the hotel (according to pricing opinions provided by a professional external valuer) resulted in a full reversal of the liability but no further trigger for reversal of previous impairment charges. The 2023 gain was presented as exceptional by reason of its size, the nature of the agreement and for consistency with the associated charges in 2022 and 2021. (d) Other operating income Related to amounts receivable from the Group’s insurer under its business interruption policy for certain owned, leased and managed lease hotels due to Covid-19. The income was presented as exceptional due to its size. (e) Impairment reversal on financial assets The 2024 reversal of $6m relates to impairments originally recorded in 2020. These reversals are (f) Impairment reversal/charge on contract assets The 2024 reversal of $3m relates to an impairment originally recorded in 2020. In 2022, the $5m charge related to key money pertaining to managed and franchised hotels in Russia and is presented as exceptional for consistency with (a) above. The The reversals in both 2022 and 2024 are presented as exceptional for consistency with the treatment applied in prior years. (g) Tax on exceptional items The tax impacts of the exceptional items are shown in the table below: 2024 2023 2022  Current tax $m  Deferred tax $m  Current tax $m  Deferred tax $m  Current tax $m  Deferred tax $m Costs of ceasing operations in Russia – – – – 3 – Commercial litigation and disputes – 2 – – 8 (2 ) Share of (profits)/losses of associate – – – (4 ) 15 – Other operating income – – (3 ) – – – Impairment reversal on financial assets – (1 ) – – – – Other net impairment (reversals)/charges – (1 ) – – 1 (5 ) Adjustments in respect of prior years a – – – – 6 – – – (3 ) (4 ) 33 (7 ) Total current and deferred tax – (7 ) 26 a. In 2022, related to the release of tax contingencies no longer needed; one of these was as a result of the closure of a tax audit of the 2014 US federal income tax return.

Financial income and expenses

Financial income and expenses	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Financial income and expenses	7. Financial income and expenses     2024     2023     2022 Financial income Financial income 48 33 17 Interest income on loans and other assets 15 6 5 63 39 22 Financial expenses Interest expense on external borrowings 131 85 92 Interest expense on lease liabilities 30 29 29 Unwind of discount on deferred purchase consideration – 1 – Foreign exchange losses/(gains) 25 (35 ) (10 ) Other charges 17 11 7 203 91 118 Financial income comprises $47m (2023: $24m, 2022: $12m) relating to financial assets held at amortised cost and $16m (2023: $15m, 2022: $10m) relating to financial assets held at FVTPL. Interest expense on external borrowings and unwind of discount on deferred purchase consideration relate to financial liabilities which are held at amortised cost. Other charges includes bank charges and non-bank In 2024, $49m (2023: $43m, 2022: $15m) was payable to the System Fund in relation to interest accumulated on the balance of cash received in advance of the consumption of points awarded through the IHG One Rewards loyalty programme. The expense and corresponding System Fund interest income are eliminated within financial expenses. On a net basis, financial income and expenses includes $1m (2023: $1m, 2022: $1m) of other interest which is also attributable to the System Fund. Net interest payable as calculated for bank covenants can be found on page 238.

Tax

Tax	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Tax	8. Tax Tax on profit for the year United Kingdom Other jurisdictions Total  2024  2023  2022  2024  2023  2022  2024  2023  2022 Current tax Current period a 24 16 6 292 245 177 316 261 183 Adjustments in respect of prior periods – – (2 ) – 12 (5 ) – 12 (7 ) 24 16 4 292 257 172 316 273 176 Deferred tax Origination and reversal of temporary differences 11 1   (1 ) (56 ) (21 ) (6 ) (45 ) (20 ) (7 ) Changes in tax rates and tax laws – – – – 2 – – 2 – Adjustments to unprovided or unrecognised deferred tax b – – (2 ) – 5 – – 5 (2 ) Adjustments in respect of prior periods (2 ) 1 2 – (1 ) (5 ) (2 ) – (3 ) 9 2 (1 ) (56 ) (15 ) (11 ) (47 ) (13 ) (12 ) Income tax charge for the year c 33 18 3 236 242 161 269 260 164 a. Includes $2m (2023: $nil, 2022: $nil) in respect of taxes arising under the Pillar Two framework. b. Represent ed c. ‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.     Reconciliation of tax charge     2024     2023     2022 Tax at UK blended rate 25.0 23.5 19.0 Tax credits (0.6 ) (0.5 ) (0.1 ) System Fund a 1.2 (1.3 ) 3.1 Foreign exchange losses/( gains ) 1.0 (1.0 ) (0.9 ) Other permanent differences b (0.5 ) 0.9 0.5 Non-recoverable 2.4 1.3 3.5 Net effect of different rates of tax c 1.5 1.5 6.3 Effects of substantive enactment of UAE tax rates and laws d – (0.9 ) – Effect of changes in other tax rates and laws – 0.2 0.1 Items on which deferred tax arose but where no deferred tax is recognised e 0.2 0.2 1.2 Effect of adjustments to unprovided or unrecognised deferred taxes f – 0.5 (0.4 ) Adjustment to tax charge in respect of prior periods g (0.2 ) 1.3 (1.9 ) 30.0 25.7 30.4 a. The System Fund is, in general, not subject to taxation. b. Includes (1.0) %pts %pts %pts c. Includes 1.2 %pts %pts %pts d. During 2023, law implementing a new corporate income tax regime was substantively enacted in the UAE. This resulted in the recognition of a deferred tax asset of $9m in the UAE. Absent further law change, this benefit is not likely to reoccur. e. Predominantly in respect of losses arising in the year. f. Adjustments relating to estimated recoverable deferred tax assets. In 2023, also included 0.7 %pts g. Relates to the finalisation of tax returns, activity from tax authorities such as tax audits and the reassessment of provisions for uncertain tax positions. Factors that may affect the future tax charge Many factors will affect the Group’s future tax rate, the main ones being future legislative developments, future profitability of underlying subsidiaries and tax uncertainties. In 2021, the OECD made proposals for worldwide tax reform under a two ‘pillar’ system – Pillar One and Pillar Two. Pillar One (broadly, the reallocation of certain taxing rights to countries where customers are located) has not been enacted in any jurisdiction and, in any event, the Group would not expect to be impacted. Pillar Two seeks to impose a global minimum tax, essentially establishing a floor on corporate tax competition by ensuring a large multinational enterprise is subject to tax in each jurisdiction at a 15% effective minimum tax rate. Pillar Two rules were enacted in the UK with effect from 1 January 2024 and, for 2024, the Group’s Pillar Two liability is estimated to be less than $2m. From an administrative and compliance perspective, the Group will rely upon transitional ‘safe harbour’ exemptions that operate on a jurisdiction-by-jurisdiction The Group continues to monitor external tax developments, most notably in the US where the new government is reviewing retaliatory options against perceived aggressive tax behaviours by other territories against the US.       Tax paid Total tax paid (net of refunds) is entirely in respect of operating activities. This comprises taxes paid directly by Group entities to taxing authorities and taxes withheld at source in respect of fees payable to the Group. Taxes withheld at source are paid by hotel owners to their local taxing authorities on behalf of the Group. The table below shows the territories to whom taxes are directly paid by the Group which exceed in the current or comparative periods, in addition to the UK, the Group’s headquarter jurisdiction. The year-on-year     2024     2023     2022 China a 11 5 10 Singapore a 7 4 1 United Kingdom 10 8 3 United States 220 171 165 Other jurisdictions 23 18 10 271 206 189 Taxes withheld at source 38 37 22 Tax paid per cash flow 309 243 211 a. Tax payments are typically based upon the previous year’s profits. A reconciliation of tax paid to the current tax charge in the Group income statement is as follows:     2024     2023     2022 Current tax charge in the Group income statement 316 273 176 Current tax credit in the Group statement of comprehensive income (3 ) (6 ) (2 ) Current tax credit taken directly to equity (6 ) (5 ) – Total current tax charge 307 262 174 Movements to tax contingencies a (4 ) (2 ) 10 Timing differences of cash tax paid and foreign exchange differences 6 (17 ) 27 Tax paid per cash flow 309 243 211 a. Tax contingency movements are included within the current tax charge but do not impact cash tax paid in the year. Settlements of tax contingencies are included within cash tax paid in the year but not recorded in the current year tax charge.     Deferred tax Property, Application Deferred c Associates Losses d Deferred a Deferred a,b Research and a Intangible Other short-term a,e Total $m $m $m $m $m $m $m $m $m $m $m At 1 January 2023 (53 ) 41 (34 ) (59 ) 79 84 – 8 (40 ) 22 48 Group income statement 22 1 – (1 ) – 4 – 7 (9 ) (11 ) 13 Group statement of comprehensive income – – – – (6 ) – – – – (5 ) (11 ) Group statement of changes in equity – – – – – 6 – – – – 6 Exchange and other adjustments 1 – – – 3 1 – – 3 2 10 At 31 December 2023 (30 ) 42 (34 ) (60 ) 76 95 – 15 (46 ) 8 66 Group income statement 21 – – 1 (7 ) 9 30 18 (14 ) (11 ) 47 Group statement of comprehensive income – – – – (3 ) – – – – (13 ) (16 ) Group statement of changes in equity – – – – – 9 – – – – 9 Exchange and other adjustments – – – – (1 ) – – – – (1 ) (2 ) At 31 December 2024 (9 ) 42 (34 ) (59 ) 65 113 30 33 (60 ) (17 ) 104 a. The above table has been re-presented b. The movements in 2024 and the closing balance arise as a result of the revised agreement with the IHG Owners Association (see note 3) and deferred revenue in respect of co-branding c. Becomes due in 2025 unless prevailing law at that time allows further deferral. d. Wholly in respect of revenue losses. e. Primarily in respect of contract costs, right-of-use The analysis of the deferred tax balance after considering the offset of assets and liabilities within entities where there is a legal right to do so and an analysis of the deferred tax balance showing all territories with balances greater than $10m in either the current or prior year are as follows:     2024     2023 Deferred tax assets 122 134 Deferred tax liabilities (18 ) (68 ) 104 66 Analysed as: United Arab Emirates 12 9 United Kingdom 99 113 United States – (53 ) Other (7 ) (3 ) 104 66 A deferred tax asset of $3m (2023: $nil) has been recognised in legal entities which have made a loss in the current or the previous year.       Recoverability of UK deferred tax assets The Group has recognised UK deferred tax assets of $99m (2023: $113m), including revenue losses of $62m (2023: $73m). The deferred tax assets have been recognised following the consideration of both positive and negative evidence in respect of the probability of future taxable profits against which the assets could be recovered. The losses have arisen by identifiable non-recurring Covid-19, six ten-year seven ten-year The Group’s TCFD disclosures describe how physical and transitional climate risks present both risks and opportunities for the Group. The potential downside risk has been considered in the context of the UK deferred tax asset recoverability, without taking account of opportunities or mitigating actions, and could be absorbed within the sensitivities disclosed above. Unrecognised deferred tax assets The Group does not recognise deferred tax assets if it cannot anticipate being able to offset them against existing deferred tax liabilities or against future profits or gains. The total unrecognised deferred tax position is as follows: Gross Unrecognised deferred tax     2024     2023     2024 $m     2023 Revenue losses 432 450 75 79 Capital losses 580 580 146 146 1,012 1,030 221 225 Tax credits 46 32 46 32 Other a 22 16 7 5 1,080 1,078 274 262 a. Primarily relates to costs incurred for which tax relief has not been obtained. There is no expiry date to any of the above unrecognised assets other than for the losses and tax credits as shown in the table below: Gross Unrecognised deferred tax Expiry date     2024 $m     2023 $m     2024 $m     2023 $m 2024 – 6 – 1 2025 11 11 2 2 2026 7 7 1 1 2027 7 7 1 1 2028 – 6 – 1 2029 10 10 10 10 After 2031 36 22 36 22 Unprovided deferred tax liabilities No deferred tax liability has been provided in respect of $0.5bn (2023: $0.5bn) of taxable temporary differences relating to subsidiaries (comprising undistributed earnings and net inherent gains). Uncertain tax positions Current tax payable includes $9m (2023: $14m) in respect of uncertain tax positions, with the largest single item not exceeding $3m (2023: $3m). There are no amounts recognised in relation to uncertain tax positions within deferred tax in either the current or prior year. The Group’s most material territories for tax are the US and the UK, although the Group has now agreed all US federal tax returns up to and including 2020. The US Internal Revenue Service opened routine audits of the 2021 and 2022 US federal tax return periods in the second half of 2024, which are currently at the information gathering stage. The Group considers the risk of material adjustment to be low. In the UK, the Group has agreed all UK Corporation Tax returns for periods up to 2022, having agreed the outstanding 2016 period, without adjustment, during 2024.

Dividends

Dividends	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Dividends	9. Dividends 2024 2023 2022 Paid during the year cents      $m cents      $m cents       $m Final (declared for previous year) 104.0 172 94.5 166 85.9 154 Interim 53.2 87 48.3 79 43.9 79 157.2 259 142.8 245 129.8 233 The final dividend in respect of 2024 of 114.4 ¢ per ordinary share (amounting to approximately $ 180 m) is proposed for approval at the AGM on 8 May 2025. The final dividend is first determined in US dollars and the sterling amount will be announced on 28 April 2025 using the average of the daily exchange rates for the three working days commencing 23 April 2025.

Earnings per ordinary share

Earnings per ordinary share	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Earnings per ordinary share	10. Earnings per ordinary share Basic earnings per ordinary share    2024    2023    2022 Profit available for equity holders ($m) 628 750 375 Basic weighted average number of ordinary shares (millions) 161.2 169.0 181.0 Basic earnings per ordinary share (cents) 389.6 443.8 207.2 Diluted earnings per ordinary share Profit available for equity holders ($m) 628 750 375 Diluted weighted average number of ordinary shares (millions) 163.0 170.0 182.0 Diluted earnings per ordinary share (cents) 385.3 441.2 206.0 Basic and diluted share denominators are calculated as follows: 2024 millions 2023 millions 2022 millions Weighted average number of ordinary shares in issue 168.6 177.0 187.0 Weighted average number of treasury shares a (7.4 ) (8.0 ) (6.0 ) Basic weighted average number of ordinary shares 161.2 169.0 181.0 Dilutive potential ordinary shares 1.8 1.0 1.0 Diluted weighted average number of ordinary shares 163.0 170.0 182.0 a. Includes other shares that do not receive dividends.

Goodwill and other intangible a

Goodwill and other intangible assets	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Goodwill and other intangible assets	11. Goodwill and other intangible assets    Goodwill $m    Brands $m    Software $m Management agreements $m Other  intangibles $m    Total $m Cost At 1 January 2023 513 439 825 122 26 1,925 Additions – – 52 – 1 53 Fully amortised assets written off – – (52 ) – (3 ) (55 ) Disposals – – (1 ) – – (1 ) Exchange and other adjustments 3 – 1 – – 4 At 31 December 2023 516 439 825 122 24 1,926 Additions – – 48 – 1 49 Fully amortised assets written off – – (49 ) – (1 ) (50 ) Disposals – – (4 ) – – (4 ) Exchange and other adjustments (5 ) – – – – (5 ) At 31 December 2024 511 439 820 122 24 1,916 Amortisation and impairment At 1 January 2023 (178 ) – (486 ) (101 ) (16 ) (781 ) Provided – – (18 ) (1 ) (2 ) (21 ) System Fund expense – – (76 ) – (1 ) (77 ) Fully amortised assets written off – – 52 – 3 55 Disposals – – 1 – – 1 Exchange and other adjustments (2 ) – (1 ) (1 ) – (4 ) At 31 December 2023 (180 ) – (528 ) (103 ) (16 ) (827 ) Provided – – (17 ) (1 ) (1 ) (19 ) System Fund expense – – (77 ) – (1 ) (78 ) Impairment charge – – (2 ) – – (2 ) System Fund impairment charge – – (3 ) – – (3 ) Fully amortised assets written off – – 49 – 1 50 Disposals – – 4 – – 4 Exchange and other adjustments – – 1 – – 1 At 31 December 2024 (180 ) – (573 ) (104 ) (17 ) (874 ) Net book value At 31 December 2024 331 439 247 18 7 1,042 At 31 December 2023 336 439 297 19 8 1,099 At 1 January 2023 335 439 339 21 10 1,144   Goodwill and brands Brands Brands relate to the acquisitions of Kimpton ($193m), Regent ($57m) and Six Senses ($189m). They are each considered to have an indefinite life given their strong brand awareness and reputation, and management’s commitment to continued investment in their growth. The brands are protected by trademarks and there are not believed to be any legal, regulatory or contractual provisions that limit the useful lives of the brands. In the hotel industry there are a number of brands that have existed for many years and IHG has brands that are over 60 years old. Allocation of goodwill and brands to CGUs   At 1 January 2023 $m Exchange   adjustments $m At 31 December 2023 $m Exchange adjustments $m At 31 December $m Analysed as:   Goodwill $m   Brands $m Americas (group of CGUs) 419 – 419   – 419 132 287 EMEAA (group of CGUs) 331 1 332 (5 ) 327 191 136 Greater China 24 – 24 – 24 8 16 774 1 775 (5 ) 770 331 439 The recoverable amounts of the CGUs, or groups of CGUs, have been determined from value in use calculations. The key assumptions are RevPAR growth (detailed on page 197 within ‘Going concern’), terminal growth rates and pre-tax discount rates. Cash flows beyond the five-year period are extrapolated using terminal growth rates that do not exceed the average long-term growth rates for the relevant markets. Cash flow projections are discounted using pre-tax The weighted average terminal growth rates and pre-tax 2024 2023   Terminal growth rate % Pre-tax %   Terminal rate % Pre-tax % Americas 2.1 11.6 1.6 13.0 EMEAA 2.5 13.6 2.4 15.1 Greater China 2.5 10.5 2.5 12.1 The recoverable amounts of the CGUs, or groups of CGUs, exceeded their carrying value such that no impairment has arisen. Assumptions were sensitised using the Severe Downside Case scenario (detailed on page 1 97 within ‘Going concern’), with no impairment arising reflecting the number of years of Base Case forecasts required to recover the carrying value. Software Software includes $102m relating to the development of the next-generation Guest Reservation System with Amadeus. Internally developed software with a net book value of $80m is being amortised over seven In 2024, a total of $5m impairment was charged relating to assets which had been replaced as a result of more recent initiatives. Management agreements Management agreements relate to contracts recognised at fair value on acquisition. The weighted average remaining amortisation period for all management agreements is 13 years (2023: 14 years). 2022 impairment reversal The impairment reversal of $12m related to the Kimpton management agreement portfolio in the Americas region and arose due to strong trading conditions in 2022 and significantly improved industry forecasts.

Property, plant and equipment

Property, plant and equipment	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Property, plant and equipment	12. Property, plant and equipment   Land and $m Fixtures, $m     Total $m Cost At 1 January 2023 112 292 404 Additions 1 20 21 Fully depreciated assets written off – (15 ) (15 ) Disposals (2 ) (3 ) (5 ) Exchange and other adjustments – 6 6 At 31 December 2023 111 300 411 Additions – 27 27 Fully depreciated assets written off (3 ) (27 ) (30 ) Disposals (8 ) (8 ) (16 ) Exchange and other adjustments (1 ) (4 ) (5 ) At 31 December 2024 99 288 387 Depreciation and impairment At 1 January 2023 (51 ) (196 ) (247 ) Provided (6 ) (18 ) (24 ) System Fund expense – (4 ) (4 ) Fully depreciated assets written off – 15 15 Disposals 2 3 5 Exchange and other adjustments 1 (4 ) (3 ) At 31 December 2023 (54 ) (204 ) (258 ) Provided (3 ) (21 ) (24 ) System Fund expense – (4 ) (4 ) Impairment reversal – 3 3 Fully depreciated assets written off 3 27 30 Disposals – 8 8 Exchange and other adjustments 1 3 4 At 31 December 2024 (53 ) (188 ) (241 ) Net book value At 31 December 2024 46 100 146 At 31 December 2023 57 96 153 At 1 January 2023 61 96 157 The Group’s property, plant and equipment Assets with a net book value of $99m (2023: $107m) are located     Impairment and impairment reversals 2024 impairment reversal An impairment reversal of $3m was recognised in relation to one hotel in the UK portfolio ( region) 2022 impairment An impairment charge of $10m was recognised on property, plant and equipment relating to one hotel in the EMEAA region. A further $2m impairment of right-of-use 2022 impairment reversal A as potential

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Presentation of leases for lessee [abstract]
Leases	13. Leases Right-of-use   Land and $m  Investment property $m     Other $m     Total $m Cost At 1 January 2023 571 50 2 623 Additions and other re-measurements 15 – 2 17 Transfers to investment property (2 ) 2 – – Terminations (51 ) – (1 ) (52 ) Exchange and other adjustments 1 – – 1 At 31 December 2023 534 52 3 589 Additions and other re-measurements 28 – 5 33 Transfers to finance lease receivable (13 ) (14 ) (4 ) (31 ) Terminations (11 ) – (1 ) (12 ) Exchange and other adjustments (5 ) – – (5 ) At 31 December 2024 533 38 3 574 Depreciation and impairment At 1 January 2023 (294 ) (47 ) (2 ) (343 ) Provided (22 ) – – (22 ) System Fund expense (2 ) – – (2 ) Transfers to investment property 2 (2 ) – – Terminations 51 – 1 52 Exchange and other adjustments (1 ) – – (1 ) At 31 December 2023 (266 ) (49 ) (1 ) (316 ) Provided (21 ) – (1 ) (22 ) System Fund expense 2 – – 2 Transfers to finance lease receivable 8 13 – 21 Terminations 11 – 1 12 Exchange and other adjustments 5 – – 5 At 31 December 2024 (261 ) (36 ) (1 ) (298 ) Net book value At 31 December 2024 272 2 2 276 At 31 December 2023 268 3 2 273 At 1 January 2023 277 3 – 280       The Group’s leased assets mainly comprise hotels and offices. Leases contain a wide range of different terms and conditions. The term of property leases ranges from one to right-of-use Many of the Group’s property leases contain extension or early termination options, which are used for operational flexibility. The lease agreement over the US corporate headquarters contains a material extension option which is not included in the calculation of the lease asset and liability as the extension would not take effect before 2031 and there is no reasonable certainty the option will be exercised. The value of the undiscounted rental payments relating to this lease and not included in the value of the lease asset and liability is $301m. Additionally, the Group has the option to extend the term of the InterContinental Boston lease for two additional 20-year Impairment and impairment reversals 2022 impairment Details of the $2m impairment charge are contained in note 12 . 2022 impairment reversal An i as Lease liabilities The majority of the Group’s lease liabilities are discounted at incremental borrowing rates of up to 10%. The rate implicit in the InterContinental Boston lease was 9.7% and was derived from a valuation of the hotel at lease inception in 2006.     2024     2023 Currency $m $m US dollars 357 357 Sterling 31 32 Euros 3 4 Other 23 33 414 426 Analysed as: Current 26 30 Non-current 388 396 414 426 The maturity analysis of lease liabilities is disclosed in note 23 . The Group’s lease liability is not materially sensitive to inflation as $335m (2023: $342m) relates to the InterContinental Boston and the US corporate headquarters, which both include fixed payments and are not subject to inflationary adjustments Amounts recognised in the Group income statement     2024     2023     2022 Depreciation of right-of-use 22 22 25 System Fund depreciation of right-of-use (2 ) 2 3 Expense relating to variable lease payments 77 62 47 Expense relating to short-term leases and low-value 1 2 1 Income from operating subleases (3 ) (2 ) (1 ) Recognised in operating profit 95 86 75 Interest on lease liabilities 30 29 29 Total recognised in the Group income statement 125 115 104     Variable lease payments The UK portfolio leases contain guarantees that the Group will fund any shortfalls in lease payments up to an annual and cumulative cap. These caps limit the Group’s exposure to trading losses, meaning that rental payments are reduced if insufficient cash flows are generated by the hotels. Since there is no floor to the rent reduction applicable under these leases, they are treated as fully variable. In the event that rent reductions are not applicable, annual base rental payments stabilise at £34m over the remaining lease to 2043. Additional performance-based rental payments are calculated using hotel revenues and net cash flows. In addition, two German hotel leases under a similar structure are treated as fully variable. Amounts recognised in the Group statement of cash flows     2024 $m     2023 $m     2022 $m Operating activities 108 92 72 Investing activities (4 ) – (6 ) Financing activities 46 28 36 Net cash paid 150 120   102

Investment in associates and jo

Investment in associates and joint ventures	12 Months Ended
	Dec. 31, 2024
Disclosure of associates [abstract]
Investment in associates and joint ventures	14. Investment in associates and joint ventures     2024     2023 Cost At 1 January 101 89 Additions 6 3 Share of profits a 10 13 System Fund share of losses (2 ) (3 ) Dividends and distributions (7 ) (1 ) At 31 December 108 101 Impairment At 1 January (53 ) (53 ) Impairment charge (4 ) – At 31 December (57 ) (53 ) Net book value 51 48 Analysed as: Barclay associate 7 3 Other associates 39 43 Joint ventures 5 2 51 48 a. In 2023 and 2022, the total share of profits/(losses) from associates and joint ventures in the Group income statement included $18m gain and $18m loss, respectively, due to the liability recognised in 2022 and its subsequent reversal (see note 6 Barclay associate The Group held one associate investment which had a significant impact on profit for the prior year, a 19.9% interest in 111 East 48th Street Holdings, LLC (the ‘Barclay associate’) which owns InterContinental New York Barclay, a hotel managed by the Group. The investment is classified as an associate and equity accounted. While the Group has the ability to exercise significant influence through certain decision rights, approval rights relating to the hotel’s operating and capital budgets rest solely with the 80.1% majority member. The Group’s ability to receive cash dividends is dependent on the hotel generating sufficient income to satisfy specified owner returns.       Summarised financial information in respect of the Barclay associate is set out below:     2024     2023 Non-current 449 462 Current assets 112 86 Current liabilities (21 ) (23 ) Non-current (236 ) (256 ) Net assets 304 269 Group’s share of reported net assets at 19.9% 60 53 Adjustments to reflect impairment, capitalised costs and additional rights and obligations under the shareholder agreement (11 ) (8 ) Effect of specially allocated expenses (note 6 ) (42 ) (42 ) Carrying amount 7 3     2024 $m     2023 $m Revenue 130 131 Profit from continuing operations and total comprehensive income for the year 15 15 Group’s share of profit for the year a 4 3 a. Includes specially allocated expenses and the cost of funding owner returns. Impairment and impairment reversals of other associates 2024 impairment In 2024, the related 2022 impairment reversal In 2022, a and

Other financial assets

Other financial assets	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Other financial assets	15. Other financial assets     2024     2023 Equity securities 97 102 Restricted funds: Ring-fenced amounts to satisfy insurance claims: Cash 1 2 Money market funds 10 14 A 31 32 Other 1 2 43 50 Trade deposits and loans 79 40 219  192   Analysed as: Current 7 7 Non-current  212 185 219 192     Equity securities The methodology to calculate fair value and the sensitivities 24 . The most significant investments are as follows: 2024 2023   Fair value   Dividend   Fair value   Dividend $m $m $m $m Investment in entity which owns: InterContinental The Willard Washington DC 27 1 27 1 InterContinental Grand Stanford Hong Kong 36 – 37 – Restricted funds Amounts ring-fenced to satisfy insurance claims are principally held in the Group’s Captive, which is a regulated entity. The accounts pledged as security are subject to a charge in favour of the members of the UK unfunded pension arrangement (see note 26 ) Expected credit losses Other financial assets with a net value of $50m (2023: $68m) are subject to the expected credit loss model requirements of IFRS 9. Equity securities, money market funds and other amounts measured at fair value are excluded. The gross value of trade deposits and loans that were subject to the expected credit loss requirements is $51m with credit loss allowances of $3m (2023: $40m gross, $9m allowance). Other expected credit losses are considered to be immaterial. Credit risk Restricted funds are held with bank counterparties which are rated at least A+ based on S&P’s ratings. Trade deposits and loans are entered into with creditworthy third parties, subject to credit verification procedures. The maximum exposure to credit risk of other financial assets at the end of the reporting period is their carrying value of $219m (2023: $192m).

Trade and other receivables

Trade and other receivables	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Trade and other receivables	16. Trade and other receivables     2024 $m     2023 $m Current Trade receivables 651 580 Other receivables 41 68 Prepayments 93 92 785 740 Non-current Finance lease receivables 12 6 Other receivables 5 3 Prepayments 18 4 35 13       Expected credit losses The ageing of trade receivables shown below reflects the initial terms under the invoice rather than the revised terms in cases where payment flexibility has been provided to owners. The net balances presented in the table below could result in additional credit losses if they are ultimately found to be uncollectable. Expected credit losses relating to other receivables following their initial recognition are immaterial.     2024        2023     Gross    Credit loss $m Net $m    Gross    Credit loss $m Net $m Not past due 384 – 384 354 (1 ) 353 Past due 1 to 30 days 90 (4 ) 86 88 (5 ) 83 Past due 31 to 90 days 80 (5 ) 75 69 (6 ) 63 Past due 91 to 180 days 53 (8 ) 45 51 (8 ) 43 Past due 181 to 360 days 66 (19 ) 47 38 (11 ) 27 Past due more than 361 days 98 (84 ) 14 86 (75 ) 11 771 (120 ) 651 686 (106 ) 580 Movement in the allowance for expected credit losses     2024     2023 At 1 January (106 ) (117 ) Impairment (loss)/reversal (16 ) 1 System Fund impairment loss (9 ) – Amounts written off     8 9 Exchange and other adjustments 3 1 At 31 December (120 ) (106 ) In 2024, the Group refined its expected credit loss model to calculate historical experience for certain populations of owner groups with different risk profiles to the core population. The difference between providing on this basis and using the regional provision matrix is immaterial. Credit risk The Group trades only with recognised, creditworthy third parties. It is the Group’s policy that all customers who wish to trade on credit terms are subject to credit verification procedures. The maximum exposure to credit risk for trade and other receivables, excluding prepayments, at the end of the reporting period is their carrying value of $709m (2023: $657m).

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Cash and cash equivalents	17. Cash and cash equivalents     2024 $m     2023 $m Cash at bank and in hand 142 179 Short-term deposits 411 632 Money market funds 415 375 Repurchase agreements 40 136 Cash and cash equivalents as recorded in the Group statement of financial position 1,008 1,322 Bank overdrafts (17 ) (44 ) Cash and cash equivalents as recorded in the Group statement of cash flows 991 1,278 Cash at bank and in hand includes bank balances of $33m (2023: $51m) which are matched by bank overdrafts of $17m (2023: $44m) under the Group’s cash pooling arrangements. Under these arrangements, each pool contains a number of bank accounts with the same financial institution and interest is paid/received on pooled net balances for each currency. The cash pools are used for day-to-day     Cash and cash equivalents with restrictions on us e     2024 $m     2023 $m Countries with restrictions on repatriation 2 30 Capital expenditure under lease agreements 15 14 Other restrictions 5 12 22 56 Details of the credit risk on cash and cash equivalents is included in note 23 .

Trade and other payables

Trade and other payables	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Trade and other payables	18. Trade and other pa yables     2024 $m     2023 Current Trade payables 111 127 Other tax and social security payables 61 47 Other payables 116 135 Deferred purchase consideration – 13 Accruals 362 389 650 711 Non-current Other payables 5 6 Contingent purchase consideration (note 24 73 69 78 75 Third-party bank loan guarantees At 31 December 2024, the Group has issued financial guarantee contracts of up to $31m (2023: $50m). The carrying amount of these guarantees was $nil in all periods presented. The largest guarantee has a gross guaranteed amount of $21m (2023: $21m) and the underlying loan matures in 2029. Should the Group fund any amount under the guarantee, there is a cross-indemnity that the Group would seek to pursue for the other parties’ share.

Provisions

Provisions	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Provisions	19. Provision s Commercial $m Self $m  Dilapidations $m     Total At 31 December 2023 7 14 15 36 Provided 10 4 4 18 Utilised – (9 ) – (9 ) Released (3 ) – (2 ) (5 ) Exchange and other adjustments – – (1 ) (1 ) At 31 December 2024 14 9 16 39 Analysed as: Current 13 3 6 22 Non-current 1 6 10 17 14 9 16 39       Self insurance reserves Self insurance reserves consist of $6m of incurred but not reported (‘IBNR’) reserves and $3m of claims reported but not yet settled. $7m of these amounts relates to employment-related obligations. The utilisation of IBNR reserves is dependent on the timing of claims being reported and ultimately being settled; based on historical experience this is expected to be settled within five years. The maximum liabilities of the last five policy years is $103m, noting that actual claims did not significantly differ to estimates in 2024 or 2023.

Insurance

Insurance	12 Months Ended
	Dec. 31, 2024
Insurances [Abstract]
Insurance	20. Insurance     2024     2023 At 1 January 37 32 Insurance expenses 28 21 Claims and other amounts paid (23 ) (15 ) Impact of discounting and other changes (3 ) (1 ) At 31 December 39 37 Analysed as: Current 14 12 Non-current 25 25 39 37 Incurred but not reported claims a 18 20 Reported but not settled claims 21 17 39 37 a. Includes unallocated loss expenses. Of the total reserves, $15m (2023: $19m) relates to international general liability and $17m (2023: $14m) relates to workers’ compensation. The utilisation of IBNR reserves is dependent on the timing of claims being reported and ultimately being settled; based on historical experience the majority are expected to be settled within five years (2023: five years). The maximum liabilities of the last five policy years is $71m (2023: $49m). Actual claims have not significantly differed from estimates in     2024     2023 Revenue from insurance activities 23 21 Insurance expenses (inclusive of overhead costs) (29 ) (23 ) Insurance result (6 ) (2 )

Loans and other borrowings

Loans and other borrowings	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Loans and other borrowings	21. Loans and other borrowin gs Maturity date Discount  at issue  %  2024 $m 2023 $m Current Bank overdrafts (note 17 n/a n/a  17 44 € 8 October 2024 0.437  – 555 £300m 3.75% bonds 2025 14 August 2025 0.986  381 – 398 599 Non-current £300m 3.75% bonds 2025 14 August 2025 0.986  – 387 £350m 2.125% bonds 2026 24 August 2026 0.550  441 449 € 15 May 2027 0.470  526 559 £400m 3.375% bonds 2028 8 October 2028 1.034  502 509 € 28 November 2029 0.098  623 663 € 27 September 2031    0.116  784 – 2,876 2,567 Total loans and other borrowings 3,274    3,166 Denominated in the following currencies: Sterling 1,324 1,345 US dollars 16 44 Euros 1,933 1,777 Other 1 –    3,274 3,166 Bonds Interest is payable annually on the dates in the table, at the rates stated. Revolving Credit Facility (‘RCF’) The $1,350m facility matures in 2029. A variable rate of interest is payable on amounts drawn. There were no amounts drawn as at 31 December 2024 or 31 December 2023. The Group has no uncommitted facilities at 31 December 2024 (2023: $nil).

Net debt

Net debt	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Net debt	22. Net debt     2024 $m     2023 $m Cash and cash equivalents 1,008 1,322 Loans and other borrowings – current (398 ) (599 ) – non-current (2,876 ) (2,567 ) Lease liabilities – current (26 ) (30 ) – non-current (388 ) (396 ) Principal amounts payable on maturity of derivative financial instruments (note 23 (102 ) (2 ) Net debt (2,782 ) (2,272 ) Movement in net debt     2024 $m     2023 $m Net (decrease)/increase in cash and cash equivalents, net of overdrafts (269 ) 339 Add back financing cash flows in respect of other components of net debt: Principal element of lease payments 46 28 Issue of long-term bonds (834 ) (657 ) Repayment of long-term bonds 547 – Settlement 45 – (196 ) (629 ) Increase in net debt arising from cash flows (465 ) (290 ) Other movements: Lease liabilities (36 ) (25 ) Increase in accrued interest (6 ) (2 ) Exchange and other adjustments (3 ) (104 ) (45 ) (131 ) Increase in net debt (510 ) (421 ) Net debt at beginning of the year (2,272 ) (1,851 ) Net debt at end of the year (2,782 ) (2,272 ) Net debt as calculated for bank covenants can be found on page 238.     Loans and other borrowings (excluding bank overdrafts), lease liabilities and currency swaps and forwards comprise the liabilities included in the financing activities section of the Group statement of cash flows and their movements are analysed as follows: At 1 $m Financing $m Exchange    Other $m a,b At 31 2024 $m Lease liabilities 426 (46 ) (2 ) 36 414 Bonds 3,122 287 (157 ) 5 3,257 3,548 241 (159 ) 41 3,671 Currency swaps 20 (45 ) – 103 78 Currency forwards (15 ) – – 11 (4 ) 3,553 196 (159 ) 155 3,745 At 1 $m Financing $m Exchange     Other $m a,b At 31   December 2023 $m Lease liabilities 427 (28 ) 2 25 426 Bonds 2,341 657 123 1 3,122 2,768 629 125 26 3,548 Currency swaps 4 – – 16 20 Currency forwards – – – (15 ) (15 ) 2,772 629 125 27 3,553 a. The non-cash re-measurements. b. The change in value of currency swaps represents fair value movements and additions.

Financial risk management and d

Financial risk management and derivative financial instruments	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Financial risk management and derivative financial instruments	23. Financial risk management and derivative financial instruments Overview The Group is exposed to financial risks that arise in relation to underlying business activities. These risks include: market risk, liquidity risk, credit risk and capital risk. There are Board approved policies in place to manage these risks. Treasury activities to manage these risks may include money market funds, repurchase agreements, spot and forward foreign exchange instruments, currency swaps, interest rate swaps and forward rate agreements. Market risk Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises: foreign exchange risk and interest rate risk. Financial instruments affected by market risk include loans and other borrowings, cash and cash equivalents, debt and equity investments and derivatives. Foreign exchange risk Movements in foreign exchange rates can affect the Group’s reported profit or loss, net liabilities and its interest cover. The most significant exposures of the Group are in currencies that are freely convertible. The Group’s reported debt has an exposure to borrowings held in sterling and euros. After the effect of currency swaps, the Group holds its bond debt in sterling, which is the primary currency of shareholder returns, and in US dollars, the predominant currency of the Group’s revenue and cash flows. US dollar borrowings or currency derivatives also act as a net investment hedge of US dollar denominated assets. When the Group borrows in currencies different from the functional currency of the borrowing entity, currency swaps are transacted at the same time to minimise foreign exchange risk. Currency swaps were transacted against the € € € € Interest rate risk The Group is exposed to interest rate risk in relation to its fixed and floating rate borrowings. The Group’s policy requires a minimum of 50% fixed rate debt. With the exception of overdrafts, 100% of borrowings were fixed rate debt at 31 December 2024 (2023: 100%).       Derivative financial instruments Derivatives are recorded in the Group statement of financial position at fair value (see note 24) as follows: Derivatives     2024 $m     2023 $m Currency swaps (78 ) (20 ) Currency forwards 4 15 (74 ) (5 ) Analysed as: Non-current 4 20 Current liabilities – (25 ) Non-current (78 ) – (74 ) (5 ) The carrying amount of currency swaps and forwards comprises $102m loss (2023: $2m loss) relating to exchange movements on the underlying principal, included within net debt (see note 22), and a $28m gain (2023: $3m loss) relating to other fair value movements. Details of the credit risk on derivative financial instruments are included on page 239. Currency swaps and forwards have been transacted as follows: Date of Hedge type Pay leg Interest  rate Receive  leg Interest   rate Maturity Risk Hedged item November 2018 Cash flow  £436m  3.5% € 2.125% May 2027 Foreign exchange  €500m 2.125% bonds 2027 October 2020 Cash flow £454m 2.7% € 1.625% October 2024 Foreign exchange €500m 1.625% bonds 2024 November 2023 Cash flow $657m 6.0% € 4.375% November 2029 Foreign exchange €600m 4.375% bonds 2029 September 2024 Cash flow $834m 4.9% € 3.625% September 2031  Foreign exchange €750m 3.625% bonds 2031 October 2023 Net $425m n/a £344m n/a October 2028 Spot foreign Net assets of specified Cash flow hedges There is an economic relationship between the hedged item and the hedging instrument as the critical terms are aligned, such that the hedge ratio is 1:1 The change in the fair value of hedging instruments used to measure hedge ineffectiveness in the period mirrors that of the hypothetical derivative (hedged item) and was a $90m loss (2023: $14m loss). Hedge ineffectiveness arises where the cumulative change in the fair value of the swaps exceeds the change in fair value of the future cash flows of the bonds, and may be due to any opening fair value of the hedging instrument, or a change in the credit risk of the Group or counterparty. There was no cumulative ineffectiveness in 2024 or 2023. Amounts recognised in the cash flow hedge reserves are analysed in note 28. Net investment hedges The Group currently designates the following as net investment hedges of its foreign operations, being the net assets of certain Group subsidiaries with a US dollar functional currency: – Borrowings under the RCF; – Long-dated currency forward contracts; and – Certain short-dated foreign exchange swaps. There is an economic relationship between the hedged item and the hedging instrument as the net investment creates a foreign exchange risk that will match the foreign exchange risk on the US dollar borrowings or foreign exchange swaps or forwards. The hedge ratio is 1:1 as the underlying risk of the hedging instrument is identical to the hedged risk component. Hedge effectiveness is assessed by comparing changes in the carrying amount of the hedging instrument that is attributable to a change in the spot rate with changes in the investment in the foreign operation due to movements in the spot rate. The change in value of hedging instruments recognised in the currency translation reserve through other comprehensive income was a loss of $7m (2023: $15m gain). There was no ineffectiveness recognised in the Group income statement during the current or prior year.   Interest and foreign exchange risk sensitivities The following table shows the impact of a general strengthening in the US dollar against sterling and euro on the Group’s profit or loss before tax and net liabilities, and the impact of a rise in US dollar and sterling interest rates on the Group’s profit before tax. The impact of the strengthening in the euro against sterling on net liabilities is also shown, as this impacts the fair value of the currency swaps.     2024     2023     2022 (Decrease)/increase in profit before tax Sterling: US dollar exchange rate $0.05 fall (38 ) (14 ) (3 ) Euro: US dollar exchange rate $0.05 fall (7 ) (3 ) – US dollar interest rates 1% increase 4 2 4 Sterling interest rates 1% increase 3 9 4 Decrease/(increase) in net liabilities Sterling: US dollar exchange rate $0.05 fall 3 (12 ) 27 Euro: US dollar exchange rate $0.05 fall 25 49 50 Sterling: euro exchange rate € 31 64 60 A strengthening of US dollar against sterling has a greater effect on profit before tax than on net liabilities as this mainly impacts balances between Group companies which are eliminated on consolidation. Interest rate sensitivity relates to cash balances and would only be realised to the extent deposit rates increase by 1%. Interest rate sensitivities include the impact of hedging and are calculated based on the year-end Liquidity risk Group policy ensures sufficient liquidity is maintained to meet all foreseeable medium-term cash requirements and provide headroom against unforeseen obligations. Cash and cash equivalents are held in short-term deposits, repurchase agreements and cash funds which allow daily withdrawals of cash. Most of the Group’s funds are held in the UK or US, although $2m (2023: $30m) is held in countries where repatriation is restricted ( see note 17). Medium- and long-term borrowing requirements are met through committed bank facilities and bonds as detailed in note 21. The RCF contains two 12-month 31 December a Covenant test levels for RCF Leverage < 4.0x Interest cover >3.5x      2024      2023      2022 Covenant measures Covenant EBITDA ($m) 1,195 1,086 896 Covenant net debt ($m) 2,804 2,328 1,898 Covenant interest payable ($m) 123 88 109 Leverage 2.35 2.14 2.12 Interest cover 9.72 12.34 8.22 a. The same covenant test levels also applied at 31 December 2023 and 2022.  The interest margin payable on the RCF is linked to the Group’s credit rating and is currently 0.60%.    The following are the undiscounted contractual cash flows of financial liabilities, including interest payments and derivative financial instruments. Liabilities relating to the Group’s deferred compensation plan are excluded; their settlement is funded entirely by the realisation of the related deferred compensation plan investments and no net cash flow arises. Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Total 31 December 2024      $m      $m      $m     $m      $m Non-derivative Bank overdrafts 17 – – – 17 Bonds 482 531 1,859 837 3,709 Lease liabilities 52 50 139 3,125 3,366 Trade and other payables (excluding deferred and contingent purchase consideration) 589 1 1 3 594 Contingent purchase consideration – 39 42 – 81 Financial guarantee contracts 31 – – – 31 Derivative financial instruments: Currency swaps hedging bonds inflows (66 ) (66 ) (1,324 ) (837 ) (2,293 ) Currency swaps hedging bonds outflows 101 100 1,457 916 2,574 Forward currency contract inflows – – (431 ) – (431 ) Forward currency contract outflows – – 425 – 425 Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Total 31 December 2023       $m      $m      $m     $m      $m Non-derivative Bank overdrafts 44 – – – 44 Bonds 644 464 1,681 694 3,483 Lease liabilities 57 52 130 3,164 3,403 Trade and other payables (excluding deferred and contingent purchase consideration) 651 1 3 2 657 Deferred and contingent purchase consideration 13 – 81 – 94 Financial guarantee contracts 50 – – – 50 Derivative financial instruments: Currency swaps hedging bonds inflows (604 ) (41 ) (664 ) (694 ) (2,003 ) Currency swaps hedging bonds outflows 653 59 704 696 2,112 Forward currency contract inflows – – (438 ) – (438 ) Forward currency contract outflows – – 425 – 425 Credit risk Credit risk on cash and cash equivalents is minimised by operating a policy on the investment of surplus cash that generally restricts counterparties to those with a BBB- In order to manage the Group’s credit risk exposure, the treasury function sets counterparty exposure limits using metrics including credit ratings, the relative placing of credit default swap pricings, tier 1 capital and share price volatility of the relevant counterparty. Repurchase agreements are fully collateralised investments, with a maturity of three months or less. The Group accepts only government or supranational bonds where the lowest credit rating is AA- The Group’s exposure to credit risk arises from default of the counterparty, with the maximum exposure equal to the carrying amount of each financial asset, including derivative financial instruments. The expected credit loss on cash and cash equivalents is considered to be immaterial.   The table below analyses the Group’s short-term deposits, money market funds and repurchase agreement collateral classified as cash and cash equivalents by counterparty credit rating: 31 December 2024 AAA     $m AA+     $m AA     $m AA-     $m A+     $m A     $m A-     $m BBB+ and below     $m Total     $m Short-term deposits – – – 41 107 249 – 14 411 Money market funds 415 – – – – – – – 415 Repurchase agreement collateral 26 9 2 3 – – – – 40 31 December 2023 AAA      $m AA+     $m AA     $m AA-     $m A+     $m A     $m A-     $m BBB+ and below     $m Total      $m Short-term deposits – – – 129 147 258 77 21 632 Money market funds 375 – – – – – – – 375 Repurchase agreement collateral 110 6 – 20 – – – – 136 Capital risk management The Group’s capital structure consists of net debt, issued share capital and reserves. The structure is managed with the objective of maintaining an investment grade credit rating, to provide ongoing returns to shareholders and to service debt obligations, while maintaining maximum operational flexibility and ensuring the Group is able to continue as a going concern. A key characteristic of IHG’s managed and franchised business model is that it is highly cash generative, with a high return on capital employed. Surplus cash is either reinvested in the business, used to repay debt or returned to shareholders. The Group’s debt is monitored on the basis of a cash flow leverage ratio, being net debt divided by adjusted EBITDA. The Group has a stated aim of maintaining this ratio at 2.5x to 3.0x. The ratio at 31 December 2024 (which differs from the ratio as calculated for covenant tests) was 2.34 (2023: 2.09). The Group currently has a senior unsecured long-term credit rating of BBB from S&P and a Baa2 rating from Moody’s. In the event of the S&P rating being downgraded below BBB- step-up step-up step-up
Liquidity risk	Liquidity risk Group policy ensures sufficient liquidity is maintained to meet all foreseeable medium-term cash requirements and provide headroom against unforeseen obligations. Cash and cash equivalents are held in short-term deposits, repurchase agreements and cash funds which allow daily withdrawals of cash. Most of the Group’s funds are held in the UK or US, although $2m (2023: $30m) is held in countries where repatriation is restricted ( see note 17). Medium- and long-term borrowing requirements are met through committed bank facilities and bonds as detailed in note 21. The RCF contains two 12-month 31 December a Covenant test levels for RCF Leverage < 4.0x Interest cover >3.5x      2024      2023      2022 Covenant measures Covenant EBITDA ($m) 1,195 1,086 896 Covenant net debt ($m) 2,804 2,328 1,898 Covenant interest payable ($m) 123 88 109 Leverage 2.35 2.14 2.12 Interest cover 9.72 12.34 8.22 a. The same covenant test levels also applied at 31 December 2023 and 2022.  The interest margin payable on the RCF is linked to the Group’s credit rating and is currently 0.60%.    The following are the undiscounted contractual cash flows of financial liabilities, including interest payments and derivative financial instruments. Liabilities relating to the Group’s deferred compensation plan are excluded; their settlement is funded entirely by the realisation of the related deferred compensation plan investments and no net cash flow arises. Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Total 31 December 2024      $m      $m      $m     $m      $m Non-derivative Bank overdrafts 17 – – – 17 Bonds 482 531 1,859 837 3,709 Lease liabilities 52 50 139 3,125 3,366 Trade and other payables (excluding deferred and contingent purchase consideration) 589 1 1 3 594 Contingent purchase consideration – 39 42 – 81 Financial guarantee contracts 31 – – – 31 Derivative financial instruments: Currency swaps hedging bonds inflows (66 ) (66 ) (1,324 ) (837 ) (2,293 ) Currency swaps hedging bonds outflows 101 100 1,457 916 2,574 Forward currency contract inflows – – (431 ) – (431 ) Forward currency contract outflows – – 425 – 425 Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Total 31 December 2023       $m      $m      $m     $m      $m Non-derivative Bank overdrafts 44 – – – 44 Bonds 644 464 1,681 694 3,483 Lease liabilities 57 52 130 3,164 3,403 Trade and other payables (excluding deferred and contingent purchase consideration) 651 1 3 2 657 Deferred and contingent purchase consideration 13 – 81 – 94 Financial guarantee contracts 50 – – – 50 Derivative financial instruments: Currency swaps hedging bonds inflows (604 ) (41 ) (664 ) (694 ) (2,003 ) Currency swaps hedging bonds outflows 653 59 704 696 2,112 Forward currency contract inflows – – (438 ) – (438 ) Forward currency contract outflows – – 425 – 425
Credit risk	Credit risk Credit risk on cash and cash equivalents is minimised by operating a policy on the investment of surplus cash that generally restricts counterparties to those with a BBB- In order to manage the Group’s credit risk exposure, the treasury function sets counterparty exposure limits using metrics including credit ratings, the relative placing of credit default swap pricings, tier 1 capital and share price volatility of the relevant counterparty. Repurchase agreements are fully collateralised investments, with a maturity of three months or less. The Group accepts only government or supranational bonds where the lowest credit rating is AA- The Group’s exposure to credit risk arises from default of the counterparty, with the maximum exposure equal to the carrying amount of each financial asset, including derivative financial instruments. The expected credit loss on cash and cash equivalents is considered to be immaterial.   The table below analyses the Group’s short-term deposits, money market funds and repurchase agreement collateral classified as cash and cash equivalents by counterparty credit rating: 31 December 2024 AAA     $m AA+     $m AA     $m AA-     $m A+     $m A     $m A-     $m BBB+ and below     $m Total     $m Short-term deposits – – – 41 107 249 – 14 411 Money market funds 415 – – – – – – – 415 Repurchase agreement collateral 26 9 2 3 – – – – 40 31 December 2023 AAA      $m AA+     $m AA     $m AA-     $m A+     $m A     $m A-     $m BBB+ and below     $m Total      $m Short-term deposits – – – 129 147 258 77 21 632 Money market funds 375 – – – – – – – 375 Repurchase agreement collateral 110 6 – 20 – – – – 136
Capital risk management	Capital risk management The Group’s capital structure consists of net debt, issued share capital and reserves. The structure is managed with the objective of maintaining an investment grade credit rating, to provide ongoing returns to shareholders and to service debt obligations, while maintaining maximum operational flexibility and ensuring the Group is able to continue as a going concern. A key characteristic of IHG’s managed and franchised business model is that it is highly cash generative, with a high return on capital employed. Surplus cash is either reinvested in the business, used to repay debt or returned to shareholders. The Group’s debt is monitored on the basis of a cash flow leverage ratio, being net debt divided by adjusted EBITDA. The Group has a stated aim of maintaining this ratio at 2.5x to 3.0x. The ratio at 31 December 2024 (which differs from the ratio as calculated for covenant tests) was 2.34 (2023: 2.09). The Group currently has a senior unsecured long-term credit rating of BBB from S&P and a Baa2 rating from Moody’s. In the event of the S&P rating being downgraded below BBB- step-up step-up step-up

Classification and measurement

Classification and measurement of financial instruments	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Classification and measurement of financial instruments	24. Classification and measurement of financial instruments Accounting classification and fair value hierarchy 2024 2023 Hierarchy  of fair value  measurement  Fair value     $m a Amortised cost      $m Not categorised as a financial instrument     $m Total     $m Fair value    $m a Amortised cost     $m Not categorised as a financial instrument     $m Total     $m Financial assets Other financial assets 1,3 b 169 50 – 219 124 68 – 192 Cash and cash 1   415 593 – 1,008 375 947 – 1,322 Derivative financial instruments 2   4 – – 4 20 – – 20 Deferred compensation 1   286 – – 286 250 – – 250 Trade and other receivables –   – 697 123 820 – 651 102 753 Financial liabilities Derivative financial instruments 2   (78 ) – – (78 ) (25 ) – – (25 ) Deferred compensation 1   (286 ) – – (286 ) (250 ) – – (250 ) Loans and other –   – (3,274 ) – (3,274 ) – (3,166 ) – (3,166 ) Trade and other payables 3   (73 ) (594 ) (61 ) (728 ) (69 ) (670 ) (47 ) (786 ) a. With the exception of equity securities of $89m (2023: $87m) measured at fair value through other comprehensive income, all are measured at fair value through profit or loss. Of those, the financial assets related to the deferred compensation plan investments were designated as such upon initial recognition. b. Of those measured at fair value, $43m (2023: $14m) are Level 1 and $126m (2023: $110m) are Level 3.       Financial assets and liabilities measured at amortised cost whose carrying amount is not a reasonable approximation of fair value are as follows: 2024 2023 Hierarchy of   Carrying value   Fair value Carrying value   Fair value measurement $m $m $m $m € 1 – – 555 545 £300m 3.75% bonds 2025 1 381 373 387 373 £350m 2.125% bonds 2026 1 441 418 449 416 € 1 526 513 559 535 £400m 3.375% bonds 2028 1 502 471 509 476 € 1 623 658 663 689 € 1 784 786 – – Right of offset Cash pooling arrangements (see note 17) and derivative financial instruments (see note 23) are entered into under master netting arrangements and other similar agreements. These instruments are not offset in the Group statement of financial position. Certain loans to and from an associate are offset as described in note 30. There are no other financial instruments with a significant fair value which are subject to enforceable master netting agreements. Valuation techniques Money market funds, deferred compensation plan investments and bonds The fair value of money market funds (including accounts pledged as security in note 15), deferred compensation plan investments and bonds is based on their quoted market price. Unquoted equity securities Unquoted equity securities are fair valued using a discounted cash flow model, either internally or using professional external valuers. The significant unobservable inputs used to determine the fair value of the equity securities are RevPAR growth (based on the market-specific growth assumptions used by external valuers), pre-tax non-marketability There is no material sensitivity arising from changes in assumptions. Trade deposits and loans The value of trade deposits and loans measured at FVTPL are reassessed as market interest rates and credit risk assessments change. The amount recognised is the discounted value of the total expected amount receivable of $31m, discounted using unobservable interest rates for loans with similar term and risk. There is no significant sensitivity arising from changes in interest rates. Derivative financial instruments and other payables Currency swaps and currency forwards are measured at the present value of future cash flows discounted back based on quoted forward exchange rates and the applicable yield curves derived from quoted interest rates. Adjustments for credit risk use observable credit default swap spreads. The put option over part of the Group’s investment in the Barclay associate was valued at $nil at 31 December 2024 and 2023. The value is equal to the excess of the amount receivable under the option (which is based on the Group’s capital invested to date) over fair value. The fair value of the hotel was derived from a pricing opinion provided by a professional external valuer which is categorised as a Level 3 fair value measurement. Deferred purchase consideration Deferred purchase consideration arose in respect of the acquisition of Regent (see below). The final instalment of $13m was paid in 2024.     Contingent purchase consideration In 2018, the Group acquired a 51% controlling interest in Regent Hospitality Worldwide, Inc (‘RHW’), with put and call options existing over the remaining 49% shareholding exercisable in a phased manner from 2026 to 2033. The Group has a present ownership interest in the remaining shares and the acquisition was accounted for as 100% owned with no non-controlling The value of the contingent purchase consideration is subject to periodic reassessment as interest rates and RHW revenue expectations change. At 31 December 2024, it is assumed that $39m will be paid in 2026 to acquire an additional 25% of RHW with the remaining 24% acquired in 2028 for $42m. This assumes that the options will be exercised at the earliest permissible date which is consistent with the assumption made on acquisition. The amount recognised is the discounted value of the total expected amount payable of $81m. The discount rate applied is based on observable US corporate bond rates of similar term to the expected payment dates. The range of possible outcomes remains unchanged from the date of acquisition at $81m to $261m (undiscounted). The significant unobservable inputs u sed Level 3 reconciliation Other    financial assets $m Other   payables $m Contingent purchase consideration $m At 1 January 2023 103 (18 ) (65 ) Valuation losses recognised in other comprehensive income (2 ) – – Additions 8 – – Unrealised changes in fair value a – 18 (4 ) Exchange and other adjustments 1 – – At 31 December 2023 110 – (69 ) Additions 20 – – Unrealised changes in fair value – – (4 ) Repayments and disposals (4 ) – – At 31 December 2024 126 – (73 ) a. The change in the fair value of other payables was recognised within share of profits/(losses) from associates and joint ventures in the Group income statement and was presented as an exceptional item (see note 6).

Reconciliation of profit for th

Reconciliation of profit for the year to cash flow from operations	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Reconciliation of profit for the year to cash flow from operations	25. Reconciliation of profit for the year to cash flow from operations     2024     2023     2022 Profit for the year 628 750 376 Adjustments for: Net financial expenses 140 52 96 Fair value losses/(gains) on contingent purchase consideration 4 4 (8 ) Income tax charge 269 260 164 Operating profit adjustments: Impairment loss/ 10 (1 ) 5 Other net impairment (reversals)/charges – – (5 ) Other operating exceptional items 12 (28 ) 100 Depreciation and amortisation 65 67 68 87 38 168 Contract assets deduction in revenue 43 37 32 Share-based payments cost 44 36 30 Share of profits of associates and joint ventures (before exceptional items) (10 ) (13 ) (1 ) 77 60 61 System Fund adjustments: Depreciation and amortisation 80 83 86 Impairment loss on financial assets 9 – 7 Other impairment charges 3 – – Share-based payments cost 23 20 16 Share of losses of associates 2 3 1 117 106 110 Working capital and other adjustments: Increase in deferred revenue 214 123 108 Increase in trade and other receivables (106 ) (70 ) (132 ) (Decrease)/increase (45 ) 31 121 Other adjustments (7 ) (5 ) 4 56 79 101 Cash flows relating to exceptional items 8 (29 ) (43 ) Contract acquisition costs, net of repayments (237 ) (101 ) (64 ) Total adjustments 521 469 585 Cash flow from operations 1,149 1,219 961 In 2024, increase in deferred revenue includes $100m of initial upfront payments co-branding

Retirement benefits

Retirement benefits	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Retirement benefits	26. Retirement benefits UK Since 2014, UK retirement and death in service benefits are provided for eligible employees by the IHG UK Defined Contribution Pension Plan. Members are provided with defined contribution arrangements under this plan; benefits are based on each individual member’s personal account. The plan is HM Revenue & Customs registered and governed by an independent trustee, assisted by professional advisers as and when required. The overall operation of the plan is subject to the oversight of The Pensions Regulator. The former defined benefit plan, the InterContinental Hotels UK Pension Plan, was wound up in 2015 following the completion of the buy-out Residual defined benefit obligations remain in respect of additional benefits provided to members of an unfunded pension arrangement (‘UK plan’) who were affected by lifetime or annual allowances under the former defined benefit arrangements. Accrual under this arrangement ceased with effect from 1 July 2013 and a cash-out 15 ) is currently held as security on behalf of the remaining members. US During 2018, the Group completed a termination of the US funded Inter-Continental Hotels Pension Plan, which involved certain qualifying members receiving lump-sum cash-out buy-out The Group continues to maintain the unfunded Inter-Continental Hotels Non-qualified Other post-employment benefits The Group maintains immaterial post-employment benefit plans in countries including the Philippines, Dubai, India, Mexico and Thailand which are accounted for as defined benefit plans. At 31 December 2024, the net retirement benefit asset relating to the Philippines plan was $3m (2023: $3m) comprising plan assets of $13m (2023: $12m) and a defined benefit obligation of $10m (2023: $9m). A retirement benefit liability totalling $7m was recognised in respect of all other countries’ plans. Disclosures in this note concerning assumptions, sensitivities, estimates future benefit payments and duration of pension obligations       Movement in retirement benefit obligations 2024 $m 2023 $m 2022 $m At 1 January 66 66 92 Recognised in profit or loss Interest expense 5 3 2 5 3 2 Recognised in other comprehensive income Actuarial (gain)/ Demographic assumptions – (1 ) (1 ) Financial assumptions (3 ) 2 (22 ) Experience adjustments (1 ) 1 2 Re-measurement (gain)/ (4 ) 2 (21 ) Exchange and other adjustments 7 – (2 ) 3 2 (23 ) Other Group contributions (6 ) (5 ) (5 ) (6 ) (5 ) (5 ) At 31 December 68 66 66 Comprising: UK plan 17 19 18 US plans 31 34 35 US post-retirement plan 13 13 13 Other post-employment benefit plans 7 – –     68     66    66 The value of benefits paid is equal to contributions paid into the plans by the Group. Assumptions The principal financial assumptions used by the actuaries to determine the defined benefit obligations are: 2024 % 2023 % 2022 % UK plan only: Pension increases 3.2 3.1 3.2 Inflation rate 3.2 3.1 3.2 Discount rate: UK plan 5.6 4.8 5.0 US plans 5.3 4.7 4.9 US post-retirement plan 5.3 4.7 4.9 US healthcare cost trend rate assumed for the next year: Pre-65 5 8.6 7.8 6.9 Post-65 5 9.7 8.6 7.3 Ultimate rate that the cost rate trends to    4.5    4.5    4.5     Mortality is the most significant demographic assumption. The current assumptions for the UK are based on the S3PA ‘light’ year of birth tables with projected mortality improvements using the CMI_2023 model and a 1.25% per annum long-term trend and a smoothing parameter (‘s-kappa’) for non-pensioners, Pri-2012 MP-2021 The assumptions applied to the UK plan and US plans for life expectancy at retirement age are as follows: UK US 2024 years 2023 years 2022 years 2024 years 2023 years 2022 years Current pensioners at 65 a 23 23 24 22 22 22              – female 25 25 26 23 23 23 Future pensioners at 65 b 23 23 25 23 23 23              – female       25       25       27       25       25       25 a. Relates to assumptions based on longevity following retirement at the end of the reporting period. b. Relates to assumptions based on longevity relating to an employee retiring in 2044 The assumptions allow for expected increases in longevity. Sensitivities Changes in assumptions used for determining retirement benefit costs and obligations may have an impact on the Group income statement and the Group statement of financial position. The key assumptions are the discount rate, the rate of inflation, the assumed mortality rate and the healthcare costs trend rate. The sensitivity analysis below relates to the increase/(decrease) in the benefit obligation and is based on extrapolating reasonable changes in these assumptions, using year-end    2024 $m    2023 $m Discount rate 1% decrease 5 6 1% increase (5 ) (6 ) Inflation rate 0.25% decrease (1 ) (1 ) 0.25% increase – 1 Mortality rate One-year increase 2 3 Healthcare costs trend rate 1% decrease (1 ) (1 ) 1% increase 1 1 Estimated future benefit payments    2024 $m    2023 $m Within one year 5 5 Between one and five years 20 21 More than five years 81 86 106 112 Average duration of pension obligations    2024 years       2023 years UK plan 12.0 13.0 US plans 7.1 7.5 US post-retirement plan 7.4 8.0 Defined contribution plans The Group also operates a number of smaller pension plans outside the UK, the most significant of which is a defined contribution plan in the US which is designed to comply with the requirements

Share-based payments

Share-based payments	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Share-based payments	27. Share-based payments In 2023, the new Deferred Award Plan rules (‘DAP’) replaced the IHG Annual Performance Plan (‘APP’) and Long Term Incentive Plan (‘LTIP’) as a simplified, combined set of plan rules which govern the Company’s discretionary incentive plans. Awards granted under the DAP can consist of Deferred Annual Incentive (‘DAI’), Long-Term Incentive (‘LTI’), Restricted Stock Unit (‘RSU’) and other ad hoc awards. The DAP rules were approved at the AGM on 5 May 2023, with all LTI and RSU awards granted after this date and DAI awards granted in respect of 2024 and future APP years being subject to the rules of the DAP. All previously granted awards are subject to the LTIP and APP rules respectively. Annual Performance/Deferred Annual Incentive Awards Eligible employees (including Executive Directors) may receive all or part of their bonus in the form of deferred shares and/or receive one-off The number of shares is calculated by dividing a specific percentage of the participant’s annual performance-related bonus award by the average of the middle market quoted prices on the three consecutive business days following the announcement of the Group’s results for the relevant financial year. Long Term Incentive and Restricted Stock Units Executive Directors and eligible employees may receive conditional share awards, which normally have a vesting period of three years, subject to continued employment. In addition, certain LTI awards made to Executive Directors are normally subject to a further two-year LTI awards are subject to performance-based vesting conditions set by the Remuneration Committee, which are normally measured over the vesting period. Awards are normally made annually and, except in exceptional circumstances, do not exceed the limit set out in the Directors’ Remuneration Policy and DAP Rules. Colleague Share Plan The Colleague Share Plan gives eligible corporate employees the opportunity to purchase shares up to an annual limit. After the end of the plan year, the participant will be awarded the right to receive one matching share for every purchased share (subject to continued employment). If the participant holds the purchased shares until the second anniversary of the end of the plan year, the conditional right to matching shares vests. The total fair value of the Colleague Share Plan is not significant. More detailed information on the performance measures for awards to Executive Directors is shown in the Directors’ Remuneration Report on pages 144 to 149. Costs relating to share-based payment transactions 2024 $m 2023 $m 2022 $m Equity-settled Operating profit before System Fund, reimbursables and exceptional items 37 31 28 System Fund 23 20 16 60 51 44 Cash-settled Operating profit before System Fund, reimbursables and exceptional items 7 5 2    67    56    46 No consideration was received in respect of ordinary shares issued under option schemes during 2024, 2023 or 2022.     Option pricing models, assumptions and movements in awards outstanding APP LTIP Binomial valuation model Monte Carlo Simulation, Binomial and Finnerty valuation models Option pricing models and assumptions 2024 2023 2022 2024 2023 2022 Weighted average share price (pence)  8,481.8  5,571.7  5,018.3 7,940.0   5,318.0   4,875.0 Expected dividend yield 2.12% 2.52% to 2.77% 2.29% to 2.67% Risk-free interest rate 4.20% 3.85% 1.29% Volatility a 26% 29% to 30% 35% to 45% Term (years) 2.2 2.3 1.7 3.0 3.0 3.0 a. The expected volatility was determined by calculating the historical volatility of the Company’s share price corresponding to the expected life of the share award. APP/DAP LTIP/DAP Number of share awards (thousands)    Deferred shares/ one-off    Performance-related    Restricted stock Outstanding at 1 January 2022 348 872 1,350 Granted 236 323 706 Vested (254 ) (23 ) (391 ) Lapsed or cancelled (9 ) (239 ) (90 ) Outstanding at 31 December 2022 321 933 1,575 Granted 214 329 683 Vested (186 ) (180 ) (533 ) Lapsed or cancelled (17 ) (246 ) (63 ) Outstanding at 31 December 2023 332 836 1,662 Granted 104 279 495 Vested (44 ) (136 ) (402 ) Lapsed or cancelled (6 ) (148 ) (106 ) Outstanding at 31 December 2024 386 831 1,649 Fair value of awards granted during the year (cents) 2024 10,837.6 5,812.6 10,302.3 2023 6,926.4 3,169.7 6,351.0 2022 6,180.2 3,770.0 5,656.4 Weighted average remaining contract life (years) At 31 December 2024 0.9 1.1 1.1 At 31 December 2023 1.5 1.3 1.3 At 31 December 2022 1.0 1.1 1.2 The above awards do not vest until the performance and service conditions have been met. The weighted average share price at the date of exercise for share awards vested during the year was 8,225.7 5,470.3 4,950.5 9,954.0 7,090.0 4,744.0 7,016.0 10,180.0 4,832.0 7,118.0 4,193.0 5,338.0

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Equity	28. Equity Equity share capital Allotted, called up and fully paid Number Nominal Share Equity At 1 January 2022 (ordinary shares of 20 340 399 187 53 101 154 Repurchased and cancelled under share repurchase programme (4 ) (1 ) – (1 ) Exchange adjustments – (6 ) (10 ) (16 ) At 31 December 2022 (ordinary shares of 20 340 399 183 46 91 137 Repurchased and cancelled under share repurchase programme (11 ) (3 ) – (3 ) Exchange adjustments – 3 4 7 At 31 December 2023 (ordinary shares of 20 340 399 172 46 95 141 Repurchased and cancelled under share repurchase programme (7 ) (2 ) – (2 ) Exchange adjustments – (1 ) (1 ) (2 ) At 31 December 2024 (ordinary shares of 20 340 399    165    43    94    137 In February 2024, w i h 27 December 2024 August 2022 31 January 2023 . In the year ended 31 December 2024, 7.5m shares were repurchased for total consideration of $812m including $20m taxes and transaction costs and subsequently cancelled. The cost of treasury shares and related transaction costs have been deducted from retained earnings. In the year ended 31 December 2023, 10.9m shares were repurchased for total consideration of $790m including $28m taxes and transaction costs and subsequently cancelled. Of the total consideration, $38m relate d d In the year ended 31 December 2022, 9.1m shares were repurchased for total consideration of $482m including $2m taxes and When approving shareholder returns in 202 4 2 For each of the share buyback programmes undertaken, authority was given to the Company at the respective AGM prior to commencement of the buyback. In February 2025, the Board approved a furth er $ 900 m s to be completed by the end of 2025 The Company no longer has an authorised share capital. Shares held by employee share trusts   Number of Carrying value   Market value 31 December 2024 1.2 63.0 144.9 31 December 2023 0.8 35.0 73.6 31 December 2022 1.1 37.0 62.8 Shares held by employee share trusts includes 0.2m shares (2023: 0.2m shares) held in a nominee account on behalf of participants.     Treasury shares   Number of millions   Nominal $m At 1 January 2022 3.7 1.0 Transferred to employee share trusts (0.7 ) (0.2 ) Repurchased under share repurchase programme 4.5 1.1 At 31 December 2022 7.5 1.9 Transferred to employee share trusts (0.5 ) (0.1 ) Exchange adjustments – 0.1 At 31 December 2023 7.0 1.9 Transferred to employee share trusts (0.8 ) (0.2 ) Exchange adjustments – (0.1 ) At 31 December 2024 6.2 1.6 Cash flow hedge reserves   Cash flow $m   Cost of $m     Total At 1 January 2022 16 (11 ) 5 Costs of hedging deferred and recognised in other comprehensive income – 3 3 Change in fair value of currency swaps recognised in other comprehensive income 33 – 33 Reclassified from other comprehensive income to profit or loss – included in financial expenses (43 ) – (43 ) Deferred tax 2 – 2 At 31 December 2022 8 (8 ) – Change in fair value of currency swaps recognised in other comprehensive income (30 ) – (30 ) Reclassified from other comprehensive income to profit or loss – included in financial expenses 28 – 28 At 31 December 2023 6 (8 ) (2 ) Costs of hedging deferred and recognised in other comprehensive income – (11 ) (11 ) Change in fair value of currency swaps recognised in other comprehensive income (113 ) – (113 ) Reclassified from other comprehensive income to profit or loss – included in financial expenses 165 – 165 Deferred tax (11 ) – (11 ) At 31 December 2024 47 (19 ) 28 Amounts reclassified from other comprehensive income to financial expenses comprise $28m (2023: $14m, 2022: $14m) net interest payable on the currency swaps and an exchange loss of $137m (2023: $14m loss, 2022: $57m gain) which offsets a corresponding gain or loss on the hedged bonds.

Contingencies and commitments

Contingencies and commitments	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Contingencies and commitments	29. Contingencies and commitments 2022 criminal unauthorised access to technology systems On 6 September 2022, the Group announced that parts of the Group’s technology systems had been subject to unauthorised activity causing disruption to IHG’s booking channels and other applications. No evidence of unauthorised access to systems storing guest data was identified and precautionary regulatory notifications were filed and have been closed. A previously filed class action was dismissed in its entirety during 2024 and the contingent liability has been eliminated. Litigation From time to time, the Group is subject to legal proceedings the ultimate outcome of each being always subject to many uncertainties inherent in litigation. These legal claims and proceedings are in various stages and include disputes related to specific hotels where the potential materiality is not yet known; such proceedings, either individually or in the aggregate, have not in the recent past and are not likely to have a material effect on the Group’s financial position or profitability. Previously reported contingent liabilities have been resolved or are considered remote. It is the view of the Directors that, other than to the extent that liabilities have been provided for in these Group Financial Statements (see note 19 ), it is not possible to quantify any loss to which these proceedings may give rise, however, as at the date of reporting, the Group does not believe that the outcome of these matters will have a material effect on the Group’s financial position. Other items The Group had total commitments for capital expenditure of $8m at 31 December 2024 (2023: $10m). The Group has also committed to invest $16 m in one joint venture (2023: $ m in one associate).

Related party disclosures

Related party disclosures	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Related party disclosures	30. Related party disclosures Key management personnel Total compensation     2024     2023    2022 Short-term employment benefits 20.1 18.6 18.7 Contributions to defined contribution pension plans 0.4 0.5 0.5 Equity compensation benefits a 16.4 15.8 13.4 36.9 34.9 32.6 a. As measured in accordance with IFRS 2 ‘Share-based Payment’. There were no other transactions with key management personnel, defined as the Board and Executive Committee, during the years ended 31 December 2024, 2023 or 2022. Associates and joint ventures     2024     2023    2022 Fee revenue 12 11 9 Amounts receivable (net) 41 19 10 Amounts payable – (10 ) – The Group has a performance guarantee with a maximum exposure remaining of $4m (2023: $6m) for one associate. The Group funds shortfalls in owner returns relating to the Barclay associate (s ee note 14 ). In addition, loans both to and from the Barclay associate of $ 237m (2023: $237m) are offset in accordance with the provisions of IAS 32 ‘Financial Instruments: Presentation’ and presented net in the Group statement of financial position. Interest payable and receivable under the loans is equivalent. The loans have an average interest rate of 4.1% (2023: 4.0%) and interest is presented net in the Group income statement. Notes contain details of other transactions with the Barclay associate. Amounts receivable include $34 m preferred equity investments in three associates (2023: $12m in two associates) which are presented within other financial assets. The face value of these receivables is $43m, the difference to book value being due to discounting for time value of money and provisions for expected credit losses. The closing loan and preferred equity balances above represent the maximum amount outstanding during the year.

System Fund and reimbursables

System Fund and reimbursables	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
System Fund and reimbursables	31. System Fund and reimbursables System Fund and reimbursable revenues and expenses comprise:      2024       2023      2022 System Fund revenues 1,611 1,564 1,217 Reimbursable revenues 1,000 896 832 System Fund and reimbursable revenues 2,611 2,460 2,049 System Fund expenses (1,694 ) (1,545 ) (1,322 ) Reimbursable expenses (1,000 ) (896 ) (832 ) System Fund and reimbursable expenses (2,694 ) (2,441 ) (2,154 ) System Fund revenues include:      2024       2023       2022  Loyalty programme revenues, net of the cost of point redemptions 355   379   228   Marketing, reservation and other hotel fees  1,256   1,185  989  System Fund expenses include:       2024      2023       2022  Marketing 520 498  408  Staff costs 436 399  341  Depreciation and amortisation 80 83  86  Impairment loss on trade receivables (note 16) 9 –  7  Other net impairment charges (note 11) 3 –  –

Events after the reporting peri

Events after the reporting period	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Events after the reporting period	32. Events after the reporting period On 17 February 2025, the Group completed the acquisition of the Ruby brand and related intellectual property (“Ruby brand”) from the Ruby Group for initial purchase consideration of €110.5m ($116m). Future payments to incentivise growth may be payable in 2030 and/or 2035 totalling up to €181m ($190m), contingent on the number of Ruby branded rooms operated by the seller at the end of the preceding year. The Group expects to account for the transaction as an asset purchase and to recognise an intangible asset for the Ruby brand at cost, comprising the initial payment and the present value of expected future payments. Due to the proximity of the transaction to the date of these financial statements, the estimate has not been finalised. Further details will be provided in the interim results for 2025.

Group companies

Group companies	12 Months Ended
	Dec. 31, 2024
Investments accounted for using equity method [abstract]
Group companies	33. Group companies In accordance with Section 409 of the Companies Act 2006, a full list of entities in which the Group has an interest of greater than or equal to 20%, the registered office and effective percentage of equity owned as at 31 December 2024 are disclosed below. Unless otherwise stated, the ownership interest disclosed comprises either ordinary shares, certificated or un-certificated Fully owned subsidiaries 10000 Champion Acquisition LLC (k) 24th Street JV Development LLC (k) 24th Street Operator Sub, LLC (k) 2250 Blake Street Hotel, LLC (k) 36th Street IHG Sub, LLC (k) 426 Main Ave, LLC (k) 46 Nevins Street Associates, LLC (k) Alpha Kimball Hotel, LLC (k) Asia Pacific Holdings Limited (n) Barclay Operating Corp. (k) BHMC Canada Inc. (o) BHR Holdings B.V. (p) BHR Pacific Holdings, Inc. (k) BHTC Canada Inc. (o) Blythswood Square Glasgow Hotel OpCo Limited (n) BOC Barclay Sub LLC (k) Bristol Oakbrook Tenant Company (k) Cambridge Lodging LLC (k) Capital Lodging LLC (k) CECNY Land Holdings LLC (k) CF Irving Owner, LLC (k) CF McKinney Owner, LLC (k) Compañia Inter-Continental De Hoteles El Salvador SA (n) Crowne Plaza, LLC (k) Cumberland Akers Hotel, LLC (k) Dunwoody Operations, LLC (k) Edinburgh George Street Hotel OpCo Limited (n) EVEN Real Estate Holding LLC (k) Grand Central Glasgow Hotel OpCo Limited (n) Guangzhou SC Hotels Services Ltd. (t) Hawthorne Land Holdings LLC (k) HC International Holdings, Inc. (k) HH France Holdings SAS (x) HH Hotels (EMEA) B.V. (p) HH Hotels (Romania) SRL (y) HIM (Aruba) NV (z) Hoft Properties LLC (k) Holiday Hospitality Franchising, LLC (k) Holiday Inn Mexicana S.A. (ab) Holiday Inns (China) Limited ( cu Holiday Inns (Courtalin) Holding SAS (x) Holiday Inns (Courtalin) SAS (x) Holiday Inns (Germany), LLC (k) Holiday Inns (Jamaica), Inc. (k) Holiday Inns (Middle East) Limited ( cu Holiday Inns (Philippines), Inc. (k) Holiday Inns (Saudi Arabia), Inc. (k) Holiday Inns (Thailand) Limited ( cu Holiday Inns (U.K.), Inc. (k) Holiday Inns Crowne Plaza (Hong Kong), Inc. (k) Holiday Inns Holdings (Australia) Pty Limited (aa) Holiday Inns, Inc. (k) Holiday Inns of Belgium N.V. (ad) Holiday Pacific Equity Corporation (k) Holiday Pacific Limited Liability Company (k) Holiday Pacific Partners Limited Partnership (k) Hotel InterContinental London (Holdings) Limited (n) Hotel Inter-Continental London Limited (n) Hoteles Y Turismo HIH SRL (n) IC Hotelbetriebsführungs GmbH (ae) IC Hotels Management (Portugal) Unipessoal, Lda (af) IC International Hotels Limited Liability Company (ag) IHC Arabia for Management, LLC (u) IHC Hopkins (Holdings) Corp. (k) IHC Hotel Limited (n) IHC Hotel Management (EGY) LLC ( ac IHC London (Holdings) (s) IHC May Fair Hotel Limited (n) IHC M-H IHC Overseas (U.K.) Limited (n) IHC Willard (Holdings) Corp. (k) IHG (Dominica) Ltd. (bk) IHG (Marseille) SAS (x) IHG (Myanmar) Limited (ah) IHG (Thailand) Limited (bu) IHG Bangkok Ltd. (v) IHG Brasil Administracao de Hoteis e Servicos Ltda (ak) IHG Commissions Services SRL (co) IHG de Argentina SA (al) IHG ECS (Barbados) SRL (co) IHG Finance LLC (k) IHG Franchising Brasil Ltda. (bd) IHG Franchising DR Corporation (k) IHG Franchising, LLC (k) IHG Honduras S. de R.L. ( cq IHG Hotels (New Zealand) Limited (an) IHG Hotels Limited (n) IHG Hotels Management (Australia) Pty Limited (aa) IHG Hotels Nigeria Limited (ao) IHG Hotels South Africa (Pty) Limited (ap) IHG International Partnership (n) IHG Istanbul Otel Yönetim Limited Sirketi (bx) IHG Japan (Management), LLC (ar) IHG Japan (Osaka), LLC (ar) IHG Korea IHG Management (Maryland), LLC (k) IHG Management (Netherlands) B.V. (p) IHG Management d.o.o. Beograd (cc) IHG Management MD Barclay Sub, LLC (k) IHG Management SL d.o.o. (bo) IHG Mexico Operaciones SA de CV (ab) IHG Middle East Management Consultancies LLC (br) IHG Peru SRL (cf) IHG PS Nominees Limited (n) IHG Systems Pty Ltd. (aa) IHG Szalloda Budapest Szolgaltato Kft. (at) IHG Technology Solutions, LLC (k) IHG Universal Blvd Member LLC (k) InterContinental Berlin Service Company GmbH (au) InterContinental (PB) 1 (n) InterContinental (PB) 3 Limited (n) Intercontinental D.C. Operating Corp. (k) Inter-Continental Florida Partner Corp. (k) InterContinental Gestion Hotelera SLU (by) InterContinental Hotel Berlin GmbH (au) Inter-Continental Hoteleira Limitada (aw) Inter-Continental Hotels (Montreal) Operating Corp. (ax) InterContinental Hotels (Puerto Rico) Inc. (az) Inter-Continental Hotels Corporation (k) Intercontinental Hotels Corporation Limited (m) InterContinental Hotels Group (Asia Pacific) Pte Ltd. (ai) InterContinental Hotels Group (Australia) Pty Limited (aa) InterContinental Hotels Group (Canada), Inc. (o) InterContinental Hotels Group (Greater China) Limited ( cu InterContinental Hotels Group (India) Private Limited (aq) InterContinental Hotels Group (Japan), Inc. (k) InterContinental Hotels Group (New Zealand) Limited (an) InterContinental Hotels Group (Shanghai) Ltd. (bb) InterContinental Hotels Group (Vietnam) Company Limited (q) InterContinental Hotels Group Customer Services Limited (s) InterContinental Hotels Group do Brasil Limitada (bc) InterContinental Hotels Group Healthcare Trustee Limited (n) InterContinental Hotels Group Operating Corp. (e) (k) InterContinental Hotels Group Resources, LLC (k) InterContinental Hotels Group Services Company (n) InterContinental Hotels Italia, S.r.L. (be) InterContinental Hotels Limited (a) (n) InterContinental Hotels Managementgesellschaft mbH (bf) InterContinental Hotels Management Montenegro d.o.o. (ce) InterContinental Hotels Nevada Corporation (k) InterContinental Hotels of San Francisco, Inc. (k) Intercontinental IOHC (Mauritius) Limited (bg) InterContinental Management AM, LLC (cm) InterContinental Management Bulgaria EOOD (bp) InterContinental Management France SAS (x) InterContinental Management Poland sp. z.o.o. (cn) InterContinental Overseas Holdings, LLC (k) KG Benefits, LLC (k) KG Gift Card Inc. (k) KG Liability LLC (k) KG Technology, LLC (k) KHRG 851 LLC (k) KHRG Aertson LLC (k) KHRG Allegro, LLC (k) KHRG Argyle, LLC (k) KHRG Atlanta Midtown LLC (k) KHRG Austin Beverage Company, LLC (k) KHRG Baltimore, LLC (k) KHRG Born LLC (k) KHRG Boston Hotel, LLC (k) KHRG Bozeman LLC (k)     KHRG Buckhead LLC (k) KHRG Canary LLC (k) KHRG Cayman LLC (k) KHRG Cayman Employer Ltd. (cl) KHRG Charlottesville LLC (k) KHRG Dallas LLC (k) KHRG Dallas Beverage Company, LLC (k) KHRG Employer, LLC (k) KHRG Gray LLC (k) KHRG Gray U2 LLC (k) KHRG Huntington Beach LLC (k) KHRG Key West LLC (k) KHRG King Street, LLC (k) KHRG La Peer LLC (k) KHRG Miami Beach LLC (k) KHRG New Orleans LLC (k) KHRG NPC LLC (k) KHRG Palladian LLC (k) KHRG Palomar Phoenix LLC (k) KHRG Philly Monaco LLC (k) KHRG Porsche Drive LLC (k) KHRG Reynolds LLC (k) KHRG Riverplace LLC (k) KHRG Sacramento LLC (k) KHRG Schofield LLC (k) KHRG SFD LLC (k) KHRG SF Wharf LLC (k) KHRG SF Wharf U2 LLC (k) KHRG South Beach LLC (k) KHRG State Street LLC (k) KHRG Sutter LLC (k) KHRG Sutter Union LLC (k) KHRG Taconic LLC (k) KHRG Tariff LLC (k) KHRG Texas Hospitality, LLC (k) KHRG Texas Operations, LLC (k) KHRG Tryon LLC (k) KHRG Vero Beach, LLC (k) KHRG Vintage Park LLC (k) KHRG Wabash LLC (k) KHRG Westwood, LLC (k) KHRG Wilshire LLC (k) Kimpton Hollywood Licenses LLC (k) Kimpton Hotel & Restaurant Group, LLC (k) Kimpton Hotel Frankfurt GmbH (bf) Kimpton Phoenix Licenses Holdings LLC (k) Louisiana Acquisitions Corp. (k) Luxury Resorts and Spas (France) SAS (ck) Manchester Oxford Street Hotel OpCo Limited (n) Mercer Fairview Holdings LLC (k) Met Leeds Hotel OpCo Limited (s) MH Lodging LLC (k) Oxford Spires Hotel OpCo Limited (n) Oxford Thames Hotel OpCo Limited (n) PML Services LLC (k) Pollstrong Limited (n) Powell Pine, Inc. (k) Priscilla Holiday of Texas, Inc. (k) Project Capital Lending LLC (k) PT Regent Indonesia (bh) PT SC Hotels & Resorts Indonesia (bh) Raison d’Etre Holdings (BVI) Limited (v) Raison d’Etre Spas, Sweden AB (av) Ravinia Republica Dominicana SRL ( cs Regent Asia Pacific Hotel Management Limited (bw) Regent Asia Pacific Management Limited (cp) Regent Berlin GmbH (bf) Regent International Hotels Ltd (bw) Roxburghe Hotel Edinburgh OpCo Limited (n) Russell London Hotel OpCo Limited (n) SBS Maryland Beverage Company LLC (k) SC Leisure Group Limited (n) SC NAS 2 Limited (s) SC Quest Limited (s) SC Reservations (Philippines) Inc. (k) SCH Insurance Company (bi) Semiramis for training of Hotel Personnel and Hotel Management SAE (ch) Six Continents Holdings Limited (n) Six Continents Hotels Belize Limited (cb) Six Continents Hotels de Colombia SA (bj) Six Continents Hotels International Limited (n) Six Continents Hotels, Inc. (k) Six Continents International Holdings B.V. (p) Six Continents Investments Limited (f) (n) Six Continents Limited (n) Six Continents Overseas Holdings Limited (n) SixCo North America, Inc. (k) Six Senses Americas IP, LLC (k) Six Senses North America Management, LLC (k) SLC Sustainable Luxury Cyprus Limited ( cr SPHC Management Ltd. (bq) SS Aetna Acquisition, LLC (k) St. David’s Cardiff Hotel OpCo Limited (n) Sustainable Luxury Holdings (BVI) Limited (v) Sustainable Luxury Lanka Private Ltd. (ci) Sustainable Luxury Maldives Private Limited (w) Sustainable Luxury Mauritius Limited (as) Sustainable Luxury Services (BVI) Limited (v) Sustainable Luxury Singapore Private Limited (ai) Sustainable Luxury UK Limited (n) Wotton House Hotel OpCo Limited (s) WY BLL Owner, LLC (k) York Station Road Hotel OpCo Limited (s) Subsidiaries where the effective interest is less than 100% IHG ANA Hotels Group Japan LLC (74.66%) (ar) IHG ANA Hotels Holdings Co., Ltd. (66%) (ar) Regent Hospitality Worldwide, Inc. (51%) (bt) Sustainable Luxury Holding (Thailand) Limited (49%) ( c Sustainable c Sustainable Luxury Management (Thailand) Limited (73.99%) ( c Sustainable Luxury Operations (Thailand) Limited (99.9998%) (j) (aj) Universal de Hoteles SA (99.99%) (j) (bj) Associates, joint ventures and other 111 East 48th Street Holdings LLC (19.9%) (g) (h) (k) 131 West 23rd Owner, LLC (0%) ( b) (ct Alkoer, Sociedad de Responsabilidad Limitada de Capital Variable (50%) (h) (cg) ASR-JV LLC Beijing Orient Express Hotel Co., Ltd. (16.25%) (bm) Blue Blood (Tianjin) Equity Investment Management Co., Limited (30.05%) (bn) Carr SWW Subventure, LLC (26.67%) (g) (ca) Carr Waterfront Hotel, LLC (11.73%) (g) (h) (ca) China Hotel Investment Ltd. (30.05%) (i) (am) Desarrollo Alkoer Irapuato S. de R.L. de C.V. (50%) (cg) Desarrollo Alkoer Saltillo S. de R.L. de C.V. (50%) (cg) Desarrollo Alkoer Silao S. de R.L. de C.V. (50%) (cg) EDG Alpharetta EH, LLC (0%) ( b Gestion Hotelera Gestel, C.A. (50%) (c) (h) (ba) Groups360, LLC (12.02%) (h) (l) Inter-Continental Hotels Saudi Arabia Ltd. (40%) (bs) NF III Seattle, LLC (25%) (g) (r) NF III Seattle Op Co, LLC (25%) (g) (r) Nuevas Fronteras S.A. (23.66%) (cd) President Hotel & Tower Co Ltd. (30%) (bu) Sustainable Luxury Gravity Global Private Limited (51%) (h) (bz) SURF-Samui Pte. Ltd. (49%) (ay) Tianjin ICBCI IHG Equity Investment Fund Management Co., Limited (21.04%) (bv) Universal Blvd Hotel Venture LLC (25%) (k)       Key a) Directly owned by InterContinental Hotels Group PLC b) 8% cumulative preference shares c) Ordinary A and ordinary B shares d) 12.5% cumulative preference shares e) 1 4 f) Ordinary shares, 5% cumulative preference shares and 7% cumulative preference shares g) The entities do not have share capital and are governed by an operating agreement h) Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement i) Accounted for as an other financial asset due to IHG being unable to exercise significant influence over the financial and operating policy decisions of the entity j) Minority interest relates to one or more individual shareholders who are employed or were previously employed by the entity Registered addresses (k) Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA (l) 251 Little Falls Drive, Suite 400, Wilmington, New Castle County, DE19808, USA (m) Clarendon House, 2 Church Street, Hamilton HM11, Bermuda (n) 1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK (o) 333 Bay Street, Suite 400, Toronto M5H 2R2, Ontario, Canada (p) Kingsfordweg 151, 1043 GR Amsterdam, The Netherlands (q) Room No. 23, Floor 16, Saigon Tower Building, 29 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam (r) The Corporation Trust Centre, 1209 Orange Street, Wilmington, DE 19801, USA (s) c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK (t) Building 4, No 13 Xiao Gang Zhong Ma Road, Zhuhai District, Guangzhou, Guangdong, P.R. China (u) Building 7229, Al Aqeeq District, Riyadh 13519, Saudi Arabia (v) Flemming House, Wickhams Cay, P.O. Box 662, Road Town, Tortola VG1110, British Virgin Islands (w) c/o Premier Corporate Services Limited, 3B, MA. Maadheli, Majeedhee Magu, Male, Republic of Maldives (x) 31–33 rue Mogador, 75009 Paris, France (y) Bucharest, 2nd District, 2 Gara Herăstrău Street, 2nd floor, module 33, Romania (z) J E Irausquin Boulevard 93, 1Eagle/ Paardenbaai, Oranjestad West, Aruba (aa) Level 11, 20 Bond Street, Sydney NSW 2000, Australia (ab) Ontario # 1050, Col. Providencia, Guadalajara, Jalisco CP44630, Mexico (ac) Administrative unit no. 8, the ground floor of the building F1, El Emdad and El Tamween Street, Nasr City, Cairo, the Arab Republic of Egypt (ad) Rond-Point Robert Schuman 11, 1040 Brussels, Belgium (ae) QBC 4 – Am Belvedere 4, 1100, Vienna, Austria (af) Avenida da Republica, no 52 – 9, 1069 – 211, Lisbon, Portugal (ag) Room 60, Section 11 Floor 3 Premises I, Building 1, House 125, Varshavskoye shosse Str, Vn.Ter.G. Municipal District Severnoye Chertanovo, Moscow City, 117587, Russia (ah) No. 84, Pan Haliain Street, Unit #1, Level 8, Uniteam Marine Office Building, Sanchuang Township, Yangon, Myanmar (ai) 230 Victoria Street, #13-00 (aj) 57, 9th Floor, Park Ventures Ecoplex, Unit 902–904, Wireless Road, Limpini, Pathum Wan Bangkok 103330, Thailand (ak) Alameda Jau 536, Suite 3S-B, 01420-000 (al) Avenida Cordoba 1547, piso 8, oficina A, 1055 Buenos Aires, Argentina (am) The Phoenix Centre, George Street, Belleville St. Michael, Barbados (an) Level 10, 55 Shortland Street, Auckland Central, Auckland 1010, New Zealand (ao) 1, Murtala Muhammed Drive, Ikoyi, Lagos, Nigeria (ap) Central Office Park Unit 4, 257 Jean Avenue, Centurion 0157, South Africa (aq) 11th Floor, Building No. 10, Tower C, DLF Phase-II, (ar) 20th Floor, Toranomon Kotoshira Tower, 2–8, Toranomon 1-chom, Minato-ku, 105-0001, (as) Venture Corporate Services (Mauritius) Ltd, Level 3, Tower 1, Nexteracom Towers, Cybercity, Ebene, Mauritius (at) 1103 Budapest, Köér utca 2/A. C. ép., Hungary (au) Budapester Str. 2, 10787 Berlin, Germany (av) Grevgatan 15, 11453 Stockholm, Sweden (aw) Alameda Jau 536, Suite 3S-E, 01420-000 (ax) 1980 Pérodeau Street, Vaudreuil-Dorion, J7V 8P7, Quebec, Canada (ay) 168 Robinson Road, #16–01 SIF Building, 068899, Singapore (az) 361 San Francisco Street Penthouse, San Juan, PR 00901, Puerto Rico (ba) Hotel Tamanaco Inter-Continental, Final Av. Ppal, Mercedes, Caracas, Venezuela (bb) 22/F Citigroup Tower, No. 33 Huayanshiqiao Road, Lujiazui, Pudong New Area, 200120, Shanghai, P.R. China (bc) Alameda Jau 536, Suite 3S-C, 01420-000 (bd) Alameda Jau 536, Suite 3S-D, 01420-000 (be) Viale Monte Nero n.84, 20135 Milano, Italy (bf) Thurn-und-Taxis-Platz (bg) Juris Tax Services Ltd. Level 12, NeX Teracom Tower II, Ebene, Mauritius (bh) Menara Imperium 22nd Floor, Suite D, JI. HR. Rasuna Said Kav.1, Guntur Sub-district, (bi) Primmer Piper Eggleston & Cramer PC, 30 Main St., Suite 500, P.O. Box 1489, Burlington, VT 05402-1489, USA (bj) Calle 49, Sur 45 A 300, Oficina 1102, 055422 Envigado, Antioquia, Colombia (bk) 10 Kings Lane, Roseau, Dominica (bl) No. 56 Moo 5, Tambol Koh Yao Noi, Amphur Ko Yao, Pang-nga Province 82160, Thailand (bm) Room 311, Building 1, No. 6 East Wen Hua Yuan Road, Beijing Economy and Technology Development Zone, Beijing, P.R. China     (bn) Room N306, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China (bo) Cesta v Mestni log 1, 1000 Ljubljana, Slovenia (bp) 37A Professor Fridtjof Nansen Street, 5th Floor, District Sredets, Sofia, 1142, Bulgaria (bq) C/o Holiday Inn & Suites, Cnr Waigani Drive & Wards Road, Port Moresby, National Capital District, Papua New Guinea (br) Suite 2201, Festival Tower, Dubai Festival City, Al Rebbat St., P.O. Box 58191, Dubai, United Arab Emirates (bs) Madinah Road, Jeddah, P.O Box 9456, Post Code 21413, Jeddah, Saudi Arabia (bt) Maples Corporate Services Ltd. – PO Box 309, Ugland House, Grand Cayman – KY-1104, (bu) 971, 973 Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330, Thailand (bv) Room R316, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China (bw) 14th Floor, South China Building, 1–3 Wyndham Street, Hong Kong, SAR (bx) Maslak Mah. Eski Büyükdere Cad. Orjin Maslak İŞ, Merkezi Sitesi No: 27 IC KapiI No: 4 Sariyer/Istanbul, Turkey (by) Paseo de Recoletos 37 – 41, 28004 Madrid, Spain (bz) B-11515 (ca) Carr Hospitality, LLC, 1455 Pennsylvania Avenue, NW, Suite 200, Washington, DC 20004, USA (cb) 84 Albert Street, Belize City, Belize, C.A. (cc) Krunska 73, 3rd floor, office no.3, Vračar, 11000 Belgrade, Serbia (cd) Moreno 809 2 Piso, C1091AAQ Buenos Aires, Argentina (ce) Bulevar Svetog Petra Cetinjskog 149 – 81000 Podgorica, Montenegro (cf) Bernard Monteagudo 201, 15076, Lima, Peru (cg) Avenida Ejercito Nacional Mexicano No. 769, Torre B Piso 8, Granada, Miguel Hidalgo, Ciudad de Mexico, CP 11520, Mexico (ch) Ground Floor, Al Kamel Law Building, Plot 52-b, (ci) Shop No. L3–6, Amity Building, No. 125 High Level Road, Maharagama, Colombo, Sri Lanka (cj) Units 3082, 30th Floor,aYeongdong-daero, Gangnam-gu, Seoul, Republic of Korea (ck) 291 Rue des Tovets, Courchével 1850, 73120, Courchével, France (cl) PO Box 309, Ugland House, Grand Cayman, KY1-1104, (cm) 23/6 D, Anhaght Str., Yerevan, 0069, Armenia (cn) Generation Park Z – ul. Towarowa 28, 00-839 (co) Suite 1, Ground Floor, The Financial Services Centre, Bishops Court Hill, St. Michael, BB14004, Barbados (cp) Brumby Centre, Lot 42, Jalan Muhibbah, 87000 Labuan F.T., Malaysia (cq) Blvd, Morazan, Centro Comercial El Dorado, 6th Floor, Tegucigalpa, Honduras (cr) ATS Services Limited, Capital Center, 9th Floor, 2–4 Arch, Makarios III Ave., 1065 Nicosia, Cyprus (cs) Max Henriquez Ureña N° 11, Ensanche Naco, Santo Domingo de Guzman, Distrito Nacional, Santo Domingo (ct) Harvard Business Services, Inc. 16192 Coastal Hwy, Lewes, Delaware 19958, USA (cu) Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong

Condensed parent company financ

Condensed parent company financial information	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Condensed parent company financial information	Schedule 1: Condensed Parent Company financial information As described in note 15 to the Consolidated Financial Statements, certain of the Group’s financial assets, which are held in subsidiaries of InterContinental Hotels Group PLC, are subject to restrictions. Since the Group as a whole has net liabilities, the restricted net assets of InterContinental Hotels Group PLC’s consolidated subsidiaries as of 31 December therefore exceeded 25% of consolidated net assets. This Schedule I has therefore been provided pursuant to the requirements of Securities and Exchange Commission (“SEC”) Regulation S-X Rule 12-04(a), which require condensed financial information of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented, revised to include 2023 and 2022 comparatives. The Condensed Parent Company financial information should be read in conjunction with the Consolidated Financial Statements. The condensed financial information has been prepared using the same material accounting policies as set out in the Consolidated Financial Statements. Additionally, investments in subsidiaries are included at cost less any provision for impairment in value. Where the Company grants awards over its own shares to the employees of its subsidiaries, it recognises an increase in the cost of investment in its subsidiaries equivalent to the equity-settled share-based payment charge. Any consideration received from subsidiaries in relation to those awards does not represent an increase in the cost of investment. Amounts due from Group undertakings are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method less provision for expected credit losses. In the condensed statement of cash flows, dividends received are presented within investing activities. The condensed financial information is presented in millions of US dollars. Dividends paid by the parent company are analysed in note 9 to the Consolidated Financial Statements. As at 31 December 2024, there are no mandatory dividend or redemption requirements for redeemable stocks to disclose. Condensed statement of profit/(loss) and other comprehensive income of the Parent Company For the year ended 31 December 2024     2024 $m     2023 $m     2022 $m Administrative expenses (2 ) (2 ) (2 ) Operating loss (2 ) (2 ) (2 ) Dividend income from subsidiary undertaking 762 1,877 858 Financial income 30 30 4 Financial expenses (81 ) (77 ) (85 ) Profit before tax 709 1,828 775 Tax 16 16 21 Profit for the year 725 1,844 796 Other comprehensive income Items that may be subsequently reclassified to profit or loss: (Losses)/gains on cash flow hedges, including related tax charge of $2m (2023: $1m charge; 2022: $2m credit) (51 ) (36 ) 36 Costs of hedging 1 2 3 Hedging losses/(gains) reclassified to financial expenses 57 35 (43 ) Exchange (losses)/gains on translation (38 ) 119 (110 ) Total other comprehensive (loss)/income for the year (31 ) 120 (114 ) Total comprehensive income for the year 694 1,964 682 Total comprehensive income for the year is entirely attributable to the equity holders of the Parent Company.       Condensed statement of financial position of the Parent Company 31 December 2024     2024 $m     2023 $m ASSETS Investments in subsidiary undertakings 4,077 4,113 Derivative financial instruments – 1 Deferred tax assets 53 55 Total non-current 4,130 4,169 Amounts due from related parties 193 1,107 Other receivables 16 9 Total current assets 209 1,116 Total assets 4,339 5,285 LIABILITIES Loans and other borrowings (381 ) (555 ) Amounts due to related parties (1 ) – Derivative financial instruments – (26 ) Total current liabilities (382 ) (581 ) Loans and other borrowings (1,469 ) (1,904 ) Non-current (2 ) – Derivative financial instruments (14 ) – Total non-current (1,485 ) (1,904 ) Total liabilities (1,867 ) (2,485 ) Net assets 2,472 2,800 EQUITY Called up share capital 43 46 Share premium account 94 95 Currency translation reserve (250 ) (212 ) Other reserves 759 707 Retained earnings 1,826 2,164 Total equity 2,472 2,800     Condensed statement of cash flows of the Parent Company For the year ended 31 December 2024     2024 $m     2023 $m     2022 $m Profit for the year 725 1,844 796 Adjustments for: Administrative expenses funded by subsidiaries 2 2 2 Net financial expenses 51 47 81 Dividend income from subsidiary undertaking (762 ) (1,877 ) (858 ) Income tax credit (16 ) (16 ) (21 ) Total adjustments (725 ) (1,844 ) (796 ) Changes in amounts due from related parties: operating activities 7 9 10 Cash flow from operations 7 9 10 Interest received 30 29 4 Interest paid (84 ) (74 ) (80 ) Net cash from operating activities (47 ) (36 ) (66 ) Cash flow from investing activities Dividend received from subsidiary undertaking 762 1,877 858 Changes in amounts due from related parties: investing activities 930 (824 ) 132 Net cash from investing activities 1,692 1,053 990 Cash flow from financing activities Repurchase of shares, including taxes and transaction costs (804 ) (790 ) (482 ) Dividends paid to shareholders (259 ) (245 ) (233 ) Repayment of long-term bonds (547 ) – (209 ) Settlement of currency swaps (45 ) – – Changes in amounts due from related parties: financing activities 10 18 – Net cash from financing activities (1,645 ) (1,017 ) (924 ) Net movement in cash and cash equivalents in the year – – – Cash and cash equivalents at beginning of the year – – – Exchange rate effects – – – Cash and cash equivalents at end of the year – – –       Contingencies of the Parent Company The following UK subsidiaries will take advantage of the audit exemption set out within Section 479A of the Companies Act 2006 for the year ended 31 December 2024: Company name Company number Asia Pacific Holdings Limited 03941780 Hotel InterContinental London (Holdings) Limited 06451128 IHC May Fair Hotel Limited 02323039 IHC Overseas (U.K.) Limited 02322038 IHG PS Nominees Limited 07092523 InterContinental (PB) 1 06724223 InterContinental (PB) 3 Limited 06947603 SC Leisure Group Limited 00658907 Six Continents Holdings Limited 03211009 Six Continents Hotels International Limited 00722401 Six Continents Investments Limited 00694156 Six Continents Overseas Holdings Limited 02661055 The Company will guarantee all outstanding liabilities of the above UK subsidiary undertakings as at the balance sheet date in accordance with Section 479C of the Companies Act 2006. The Company has assessed the probability of loss under the guarantees as remote. As at 31 December 2024, 2023 and 2022 the Company had provided guarantees in respect of certain borrowings of subsidiaries, the carrying values of which are as follows: Description Maturity date    2024 $m    2023 $m    2022 $m € 28 November 2029 623 663 – € 27 September 2031 784 – – 1,407 663 – Maturity profile of borrowings of the Parent Company The public bonds issued by the parent company are all due within five years. The principal values to be repaid on maturity are shown below: Description Maturity date     2025 $m     2026 $m     2027 $m     2028 $m £300m 3.75% bonds 2025 14 August 2025 376 – – – £350m 2.125% bonds 2026 24 August 2026 – 439 – – € 15 May 2027 – – 521 – £400m 3.375% bonds 2028 8 October 2028 – – – 502 376 439 521 502

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [line items]
Basis of preparation	Basis of preparation The Consolidated Financial Statements of IHG have been prepared on a going concern basis (see below) and under the historical cost convention, except for assets and liabilities measured at fair value under relevant accounting standards. The Consolidated Financial Statements have been prepared in accordance with UK-adopted UK-adopted
Going Concern	Going concern The period to 30 June 2026 has been used to complete the going concern assessment. In adopting the going concern basis for preparing the Group financial statements, the Directors have considered a ‘Base Case’ scenario, as prepared by management, which assumes Global RevPAR in 2025 and 2026 continues to grow in line with market expectations in each of our regions. The assumptions applied in the Base Case scenario are consistent with those used for Group planning purposes, for impairment testing (impairment tests adjusted for factors specific to individual properties or portfolios) and for assessing recoverability of deferred tax assets. The Directors have also reviewed a ‘Severe Downside Case’ which is based on a severe but plausible scenario equivalent to the market conditions experienced through the 2008/2009 global financial crisis. This assumes that trading performance during 2025 starts to worsen and then RevPAR decreases significantly by 17% in 2026. A large number of the Group’s principal risks would result in an impact on RevPAR, which is one of the sensitivities assessed against the headroom available in the Base Case and Severe Downside Case scenarios. Climate risks are not considered to have a significant impact over the period of assessment. Other principal risks that could result in a large one-off The final one-year The Group’s key covenant requires net debt:EBITDA below 4.0x. See 23 additional information. In September 2024 the Group issued a € The Base Case assumes new funding is completed in 2025 and 2026 for refinancing purposes, however no additional funding is modelled in the Severe Downside Case. Under the Base Case and Severe Downside Case, bank covenants are not breached and there is significant headroom to the covenants to absorb multiple additional risks and uncertainties. The Directors also reviewed a number of actions that could be taken, if required, to reduce discretionary spend, creating substantial additional headroom to the covenants. The Directors reviewed a reverse stress test scenario to determine what decrease in RevPAR would create a breach of the covenants. The Directors concluded that it was very unlikely that a single risk or combination of the risks considered could create the sustained RevPAR impact required, except for a significant global event. Having reviewed these scenarios, the Directors have a reasonable expectation that the Group has sufficient resources to continue operating until at least 30 June 2026. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Presentational currency	Presentational currency The Consolidated In the Consolidated Financial Statements, equity share capital, the capital redemption reserve and shares held by employee share trusts are translated into US dollars at the relevant rate of exchange on the last day of the period; the resultant exchange differences are recorded in other reserves. The functional currency of the Company is sterling since this is a non-trading
Critical accounting policies and the use of judgements, estimates and assumptions	Critical accounting policies and the use of judgements, estimates and assumptions In determining and applying the Group’s accounting policies, management are required to make judgements, estimates and assumptions. An accounting policy is considered to be critical if its selection or application could materially affect the reported amounts of assets and liabilities at the date of the Consolidated Financial Statements, or the reported amounts of revenues and expenses during the reporting period, or could do so within the next financial year.     Judgements System Fund The Group operates a System Fund (the ‘Fund’) to collect and administer cash assessments from hotel owners for specified purposes of use including marketing, reservations, certain hotel services and the Group’s loyalty programme, IHG One Rewards. Assessments are generally levied as a percentage of hotel revenues but may also be volume-based or fixed monthly fees. The Fund is not managed to generate a surplus or deficit for IHG over the longer term, but is managed for the benefit of the IHG System with the objective of driving revenues for the hotels in the System. In relation to marketing and reservation services, the Group’s performance obligation under IFRS 15 ‘Revenue from Contracts with Customers’ is determined to be the continuous performance of the services rather than the spending of the assessments received. Accordingly, assessment fees are recognised as hotel revenues occur, Fund expenses are charged to the Group income statement as incurred and no constructive obligation is deemed to exist under IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’. Accordingly, no liability is recognised relating to the balance of unspent funds. No other critical judgements have been made in applying the Group’s accounting policies. Estimates Management consider that significant estimates and assumptions are used as described below. Estimates and assumptions are evaluated by management using historical experience and other factors believed to be reasonable based on current circumstances. Loyalty programme The loyalty programme, IHG One Rewards, enables members to earn points during each qualifying stay at an IHG branded hotel and through other partnerships and programmes. Members are able to consume those points at a later date for free or reduced accommodation or other benefits. Points revenue includes hotel assessments, revenue from third-party partners and proceeds from points purchased directly by members. The Group recognises deferred revenue in an amount that reflects IHG’s unsatisfied performance obligations, valued at the stand-alone selling price of the future benefit to the member. The amount of revenue recognised and deferred is impacted by ‘breakage’ (points that will never be consumed). On an annual basis the Group engages an external actuary who uses statistical formulae to assist in the estimate of breakage. Significant estimation uncertainty exists in projecting members’ future consumption activity. If future member behaviour deviates significantly from expectations, breakage estimates could increase or decrease. At 31 December 2024, deferred revenue relating to the loyalty programme was $1,653m (2023: $1,529m, 2022: $1,411m). Based on the conditions existing at the balance sheet date, a one percentage point decrease/increase in the breakage estimate relating to earned points would increase/reduce the deferred revenue liability by $86m and would correspondingly impact the value of System Fund and reimbursable revenues recognised.
Basis of consolidation	Basis of consolidation The Consolidated Financial Statements comprise the financial statements of the Parent Company and entities controlled by the Group. Control exists when the Group has: – power over an investee (i.e., existing rights that give it the current ability to direct the relevant activities of the investee); – exposure, or rights, to variable returns from its involvement with the investee; and – the ability to use its power over the investee to affect its returns. All intra-group balances and transactions are eliminated on consolidation. The assets, liabilities and results of those businesses acquired or disposed of are consolidated for the period during which they were under the Group’s control.
Foreign currencies	Foreign currencies Within the Group’s subsidiaries, transactions in foreign currencies are translated to the subsidiary’s functional currency at the exchange rates ruling on the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the subsidiary’s functional currency at the relevant rates of exchange ruling on the last day of the period. On consolidation: – The assets and liabilities of foreign operations of the Group’s subsidiaries with a functional currency other than US dollars are translated into US dollars at the relevant rates of exchange ruling on the last day of the period. The revenues and expenses of foreign operations are translated into US dollars at average rates of exchange for each month of the reporting period. The Group treats specific intercompany loan balances, which are not intended to be repaid in the foreseeable future, as part of its net investment. The exchange differences arising on retranslation are taken to the currency translation reserve; and – Exchange differences arising from the translation of instruments that are designated as a hedge against a net investment in a foreign operation are taken to the currency translation reserve. On disposal of a foreign operation, the cumulative amount recognised in the currency translation reserve relating to that particular foreign operation is recycled as part of the gain or loss on disposal.
Revenue recognition	Revenue recognition Revenue is recognised at an amount that reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Fee business revenue Under franchise agreements, the Group’s performance obligation is to provide a licence to use IHG’s trademarks and other intellectual property. Franchise royalty fees are typically charged as a percentage of hotel gross rooms revenues and are treated as variable consideration, recognised as the underlying hotel revenues occur. Under management agreements, the Group’s performance obligation is to provide hotel management services and a licence to use IHG’s trademarks and other intellectual property. Base and incentive management fees are typically charged. Base management fees are           typically a percentage of total hotel revenues and incentive management fees are generally based on the hotel’s profitability or cash flows. Both are treated as variable consideration. Like franchise fees, base management fees are recognised as the underlying hotel revenues occur. Incentive management fees are recognised over time when it is considered highly probable that the related performance criteria for each annual period will be met, provided there is no expectation of a subsequent reversal of the revenue. Application and re-licensing Under franchise and management agreements, the Group agrees to maintain and develop certain aspects of the technology ecosystem benefitting hotels, in exchange for a monthly technology fee based on either gross rooms revenues or the number of rooms in the hotel. The technology fee is charged and recognised over time as these services are delivered. Technology fee income is included in Central revenue. Technical service fees are received in relation to design and engineering support provided prior to the opening of certain hotel properties. These services are a distinct performance obligation and the fees are recognised as revenue over the pre-opening The Group has applied the practical expedient in IFRS 15 not to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as at the end of the reporting period for all amounts where the Group has a right to consideration in an amount that corresponds directly with the value to the customer of the Group’s performance completed to date (including franchise and management fees). Contract assets Amounts paid to hotel owners to secure management and franchise agreements (‘key money’) are treated as consideration payable to a customer. A contract asset is recorded which is recognised as a deduction to revenue over the initial term of the agreement. In limited cases, loans can be provided to an owner, in such cases the initial credit risk will be low. The difference, if any, between the face and market value of the loan on inception is recognised as a contract asset. In limited cases, the Group may provide performance guarantees to hotel owners. The expected value of payments under performance guarantees reduces the overall transaction price and is recognised as a deduction to revenue over the term of the agreement. Typically, contract assets are not financial assets as they represent amounts paid by the Group at the beginning of a contract, and so are tested for impairment based on value in use rather than with reference to expected credit losses. Contract assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. If carrying values exceed the recoverable amount, determined by reference to estimated future cash flows discounted to their present value using a pre-tax Deferred revenue Deferred revenue is recognised when payment is received before the related performance obligation is satisfied. Revenue is also deferred when key money is committed and is highly likely to be paid. The annual revenue deferral is equal to the reduction to revenue that would arise if the key money were paid at inception of the contract. When payment is made, a net contract asset is recorded which is amortised over the remaining initial term of the agreement. Contract costs Certain costs incurred to secure management and franchise agreements, typically developer commissions, are capitalised and amortised as an expense over the initial term of the related agreement. These costs are presented as contract costs in the Group statement of financial position. Contract costs are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable with reference to the future expected cash flows from the contract. Revenue from owned, leased and managed lease hotels At its owned, leased and managed lease hotels, the Group’s performance obligation is to provide accommodation and other goods and services to guests. Revenue includes rooms revenue and food and beverage sales, which are recognised when the rooms are occupied and food and beverages are sold. Guest deposits received in advance of hotel stays are recorded as deferred revenue in the Group statement of financial position. They are recognised as revenue along with any balancing payment from the guest when the associated stay occurs. System Fund and reimbursable revenues System Fund and other co-brand The Group operates the Fund to collect and administer cash assessments from hotel owners for specified purposes of use including marketing, reservations, certain hotel services and IHG One Rewards. The Fund also benefits from certain proceeds from the sale of loyalty points under third-party co-branding The growth in the IHG One Rewards programme means that, although assessments are received from hotels up front when a member earns points, more revenue is deferred each year than is recognised in the Fund. This can lead to accounting losses in the Fund each year as the deferred revenue balance grows. Under both franchise and management agreements, the Group is required to provide marketing and reservations services, as well as other centrally managed programmes. These services are provided by the Fund and are funded by assessment fees. Costs are incurred and allocated to the Fund in accordance with the principles agreed with the IHG Owners Association and     ensuring appropriate consistency of application. The Group acts as principal in the provision of most services as the related expenses primarily comprise payroll and marketing expenses under contracts entered into by the Group. Assessment fees from hotel owners are generally levied as a percentage of hotel revenues, but may also be volume-based or fixed monthly fees, and are recognised at the point the Group is entitled to raise the invoice. Certain travel agency commission and other revenues within the Fund are recognised on a net basis, where it has been determined that IHG is acting as agent. In respect of IHG One Rewards, the performance obligations are to arrange for the provision of future benefits to members on consumption of previously earned reward points and Milestone Rewards. Points are exchanged for reward nights at an IHG hotel or other goods or services provided by third parties. Milestone Rewards comprise points or other benefits such as upgrades and food and beverage vouchers. Under its franchise and management agreements, IHG receives assessment fees based on total qualifying hotel revenue from IHG One Rewards members’ hotel stays. The Group’s performance obligation is not satisfied in full until the member has consumed the relevant benefits. Accordingly, loyalty assessments are allocated between points and Milestone Rewards and deferred in an amount that reflects the stand-alone selling price of the future benefit to the member. From 1 January 2024, as agreed with the IHG Owners Association, a portion of revenue relating to the consumption of certain points sold is reported within fee business revenue, with the remaining amount reported within System Fund and reimbursable revenues. Revenue relating to points earned at hotels continues to be reported within System Fund and reimbursable revenues. Revenue is impacted by a ‘breakage’ estimate of the benefits that will never be consumed. On an annual basis, the Group engages an external actuary who uses statistical formulae to assist in formulating this estimate, which is adjusted to reflect actual experience up to the reporting date. As materially all of the awards will be either consumed at IHG managed or franchised hotels owned by third parties, or exchanged for awards provided by third parties, IHG is deemed to be acting as agent on consumption and therefore recognises the related revenue net of the cost of reimbursing the hotel or third party that is providing the benefit. Performance obligations under the Group’s co-brand a) Arranging for the provision of future benefits to members who have earned points or free night certificates; b) Providing the co-brand c) Marketing services. Revenue from a) is reported within System Fund and reimbursable revenues and revenue from b) is reported within fee business revenue. Revenue from c) is recognised in either fee business revenue or System Fund and reimbursable revenues depending on the nature of marketing services performed. Fees from these agreements comprise fixed amounts normally payable at the beginning of the contract, and variable amounts paid on a monthly basis. Variable amounts are typically based on the number of points and free night certificates issued to members and the marketing services performed by the Group. Total fees are allocated to the performance obligations based on their estimated stand-alone selling prices. Revenue allocated to marketing and licensing obligations is recognised on a monthly basis as the obligations are satisfied. Revenue relating to points and free night certificates is recognised when the member has consumed the points or certificates at a participating hotel or has selected a reward from a third party, net of the cost of reimbursing the hotel or third party that is providing the benefit. Judgement is required in estimating the stand-alone selling prices which are based upon generally accepted valuation methodologies regarding the value of the licence provided and the number of points and certificates expected to be issued. However, the value of revenue recognised and the deferred revenue balance at the end of the year is not materially sensitive to changes in these assumptions. Reimbursable revenues In a managed property, the Group typically acts as employer of the general manager and, in some cases, other employees at the hotel and is entitled to reimbursement of these costs. The performance obligation is satisfied over time as the employees perform their duties, consistent with when reimbursement is received. Reimbursements for these services are shown as revenue with an equal matching employee cost, with no profit impact. Certain other costs relating to both managed and franchised hotels are also contractually reimbursable to IHG and, where IHG is deemed to be acting as principal in the provision of the related services, the revenue and cost are shown on a gross basis.
Segmental information	Segmental information The Group has four reportable segments reflecting its geographical regions (Americas, EMEAA, Greater China) and its Central functions. Central functions include technology, sales and marketing, finance, human resources, corporate services and insurance results. Central revenue arises principally from technology fee income and ancillary revenues including co-brand No operating segments are aggregated to form these reportable segments. Management monitors the operating results of these reportable segments for the purpose of making decisions about resource allocation and performance assessment. Each of the geographical regions is led by its own Chief Executive Officer who reports to the Group Chief Executive Officer. The System Fund is not managed to generate a profit or loss for IHG over the longer term and cost reimbursements do not impact in-year       Segmental performance is evaluated based on operating profit or loss and is measured consistently with operating profit or loss in the Group Financial Statements, excluding System Fund, reimbursables and exceptional items. Group financing activities, fair value gains or losses on contingent purchase consideration and income taxes are managed on a Group basis
Financial income and expenses	Financial income and expenses Financial income and expenses include income and charges on the Group’s financial assets and liabilities and related hedging instruments, and foreign exchange gains and losses primarily related to the Group’s internal funding structure. Finance charges relating to bank and other borrowings, including transaction costs and any discount or premium on issue, are recognised in the Group income statement using the effective interest rate method. In the Group statement of cash flows, interest paid and received is presented within cash from operating activities, including any fees and discounts on issuance or settlement of borrowings.
Exceptional items	Exceptional items The Group discloses certain financial information both including and excluding exceptional items. The presentation of information excluding exceptional items allows a better understanding of the underlying trading performance and trends of the Group and its reportable segments. It also provides consistency with the Group’s internal management reporting. In determining whether an event or transaction is exceptional, quantitative and qualitative factors are considered. Exceptional items are identified by virtue of their size, nature or incidence, with consideration given to consistency of treatment with prior years and between gains and losses. The tax effect of exceptional items is also presented as exceptional. Examples of exceptional items include, but are not restricted to, gains and losses on the disposal of assets, impairment charges and reversals, the costs of individually significant legal cases or commercial disputes and reorganisation costs. All exceptional items are subject to review by the Audit Committee.
Earnings per share	Earnings per share Basic earnings per ordinary share is calculated by dividing the profit for the year available for IHG equity holders by the weighted average number of ordinary shares, excluding investment in own shares, in issue during the year. Diluted earnings per ordinary share is calculated by adjusting basic earnings per ordinary share to reflect the notional exercise of the weighted average number of dilutive ordinary share awards outstanding during the year. Where the effect of the notional exercise of outstanding ordinary share awards is anti-dilutive, these are excluded from the diluted earnings per share calculation.
Business combinations and goodwill	Business combinations and goodwill On the acquisition of a business, identifiable assets acquired and liabilities assumed are measured at their fair value. Contingent liabilities assumed are measured at fair value unless this cannot be measured reliably, in which case they are not recognised but are disclosed in the same manner as other contingent liabilities. The measurement of deferred tax assets and liabilities arising on acquisition is as described in the general principles detailed within the ‘Taxes’ accounting policy note on page 205 with the exception that no deferred tax is provided on taxable temporary differences in connection with the initial recognition of goodwill. The cost of an acquisition is measured as the aggregate of the fair value of the consideration transferred. Contingent purchase consideration is measured at fair value on the date of acquisition and is re-measured Deferred purchase consideration is subsequently measured at amortised cost and the effect of unwinding the discount is recorded in financial expenses. Payments of contingent and deferred purchase consideration reduce the respective liabilities. In respect of contingent purchase consideration Goodwill is recorded at cost, being the difference between the fair value of the consideration and the fair value of net assets acquired. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses and is not amortised. Transaction costs are expensed and are not included in the cost of acquisition.
Intangible assets	Intangible assets Brands Externally acquired brands are initially recorded at cost if separately acquired or fair value if acquired as part of a business combination, provided the brands are controlled through contractual or other legal rights, or are separable from the rest of the business. Brands are tested for impairment at least annually if determined to have indefinite lives. The costs of developing internally generated brands are expensed as incurred.     Management agreements Management agreements acquired as part of a business combination are initially recognised at the fair value attributed to those contracts on acquisition and are subsequently amortised on a straight-line basis over the term of the agreements, including any extension periods at the Group’s option. Software Internally generated software development costs are capitalised when all of the following can be demonstrated: – The ability and intention to complete the project; – That the completed software will generate probable future economic benefits; – The availability of adequate technical, financial and other resources to complete the project; and – The ability to measure the expenditure. Amounts capitalised typically include internal and third-party labour and consultancy costs. Costs incurred before the above criteria are satisfied in the research phase are expensed. In addition, configuration and customisation costs relating to cloud computing arrangements are expensed. Following initial recognition, the asset is carried at cost less any accumulated amortisation and impairment losses. Costs are generally amortised over estimated useful lives of three straight-line seven 224 ).
Property, plant and equipment	Property, plant and equipment Property, plant and equipment are stated at cost less depreciation and any accumulated impairment. Repairs and maintenance costs are expensed as incurred. Land is not depreciated. All other property, plant and equipment are depreciated to a residual value over their estimated useful lives, namely: – Buildings – over a maximum of 50 years; and – Fixtures, fittings and equipment – three All depreciation is charged on a straight-line basis. Residual value is reassessed annually. Where the Group holds land or other property which it intends to occupy and provide hotel services, either as owner or manager, it is classified as property, plant and equipment.
Leases	Leases The Group as lessee On inception of a contract, the Group assesses whether it contains a lease. A contract contains a lease when it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to use the asset and the obligation under the lease to make payments are recognised in the Group statement of financial position as a right-of-use Lease contracts may contain both lease and non-lease non-lease The right-of-use Right-of-use Right-of-use A lease liability is recorded when the leased asset is available for use by the Group and is initially measured at the present value of the lease payments to be made over the lease term. The lease payments include fixed payments (including ‘in-substance ‘In-substance readily The lease term includes periods subject to extension options which the Group is reasonably certain to exercise and excludes the effect of early termination options where the Group is reasonably certain that it will not exercise the option. Minimum lease payments include the cost of a purchase option if the Group is reasonably certain it will purchase the underlying asset after the lease term. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for lease payments made. The carrying amount of lease liabilities is re-measured Variable lease payments are payable under certain of the Group’s hotel leases and arise where the Group is committed to making lease payments that are contingent on the performance of these hotels. Such lease payments that do not depend on an index or a rate are recognised as an expense in the period over which the event or condition that triggers the payment occurs. The Group has opted not to apply the lease accounting model to intangible assets, leases of low-value Payments and receipts are presented as follows in the Group statement of cash flows: – Short-term lease payments, payments for leases of low-value – Payments for the interest element of recognised lease liabilities are included in interest paid within cash flows from operating activities; and – Payments for the principal element of recognised lease liabilities are presented within cash flows from financing activities.       The Group as lessor Leases, including subleases, for which the Group is a lessor are classified as finance or operating leases. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the lease is classified as a finance lease. All other leases are classified as operating leases. Where a leased property earns rentals under an operating sublease outside of the normal course of business, the Group’s interest in the lease is classified as an investment property within right-of-use When the lease is classified as an operating lease, rental income arising is accounted for on a straight-line basis in the Group income statement. When the lease is classified as a finance lease, the Group’s interest in the lease is derecognised and is replaced by a finance lease receivable. Any difference between those amounts is recognised in the Group income statement. Finance lease receivables are presented within other receivables and are initially measured at the present value of lease payments receivable under the sublease plus any initial direct costs. Finance lease interest is recognised within financial income in the Group income statement. Receipts are presented as follows in the Group statement of cash flows: – Receipts from operating leases are presented within cash flows from operating activities; and – Receipts of principal from finance leases are presented within cash flows from investing activities.
Investment property	Where a leased property earns rentals under an operating sublease outside of the normal course of business, the Group’s interest in the lease is classified as an investment property within right-of-use
Associates and joint ventures	Associates and joint ventures An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the entity, but is not control or joint control over those policies. A joint venture exists when two or more parties have joint control over, and rights to the net assets of, the venture. Joint control is the contractually agreed sharing of control which only exists when decisions about the relevant activities require the unanimous consent of the parties sharing control. In determining the extent of power or significant influence, consideration is given to other agreements between the Group, the investee entity, and the investing partners. This includes any related management or franchise agreements and the existence of any performance guarantees. Associates and joint ventures are accounted for using the equity method unless the associate or joint venture is classified as held for sale. Under the equity method, the Group’s investment is recorded at cost adjusted by the Group’s share of post-acquisition profits and losses, and other movements in the investee’s reserves, applying consistent accounting policies. When the Group’s share of losses exceeds its interest in an associate or joint venture, the Group’s carrying amount is reduced to $nil and recognition of further losses is discontinued except to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of an associate or joint venture. If there is objective evidence that an associate or joint venture is impaired, an impairment charge is recognised if the carrying amount of the investment exceeds its recoverable amount. Upon loss of significant influence over an associate or joint control of a joint venture, any retained investment is measured at fair value with any difference to carrying value recognised in the Group income statement.
Impairment of non-financial assets	Impairment of non-financial Non-financial Assets that do not generate independent cash inflows are allocated to the cash-generating unit (‘CGU’), or group of CGUs, to which they belong. For impairment testing of owned and leased hotel properties, each hotel is deemed to be a CGU. If carrying values exceed their estimated recoverable amount, the assets or CGUs are written down to the recoverable amount. Recoverable amount is the greater of fair value less costs of disposal and value in use. Value in use is assessed based on estimated future cash flows, including the effect of inflation, discounted to their present value using a pre-tax With the exception of goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment losses no longer exist or have decreased. A previously recognised impairment loss is reversed only if there has been a significant change in the assumptions used to determine the asset’s recoverable amount since the impairment loss was recognised. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation or amortisation, had no impairment loss been recognised for the asset in prior years. Impairment losses, and any subsequent reversals, are recognised in the Group income statement.
Financial assets	Financial assets On initial recognition, the Group classifies its financial assets as being subsequently measured at amortised cost, fair value through other comprehensive income (‘FVOCI’) or fair value through profit or loss (‘FVTPL’). Financial assets which are held to collect contractual cash flows and give rise to cash flows that are solely payments of principal and interest are subsequently measured at amortised cost. Interest on these assets is calculated using the effective interest rate method and is recognised in the Group income statement as financial income. The Group recognises a provision for expected credit losses for financial assets held at amortised cost. With the exception of trade receivables, where there has not been a significant increase in credit risk since initial recognition, provision is made for defaults that are possible within the next 12 months. Where there has been a significant increase in credit risk since initial recognition, for example trade deposits and loans where the borrower is in financial difficulty or has not met repayments as they fall due, provision is made for credit losses expected over the remaining life of the asset.     The Group has elected to irrevocably designate equity investments as FVOCI as they mainly comprise strategic investments in entities that own hotels which the Group manages. Changes in their value are recognised within gains or losses on equity instruments classified as FVOCI in the Group statement of comprehensive income and are never recycled to the Group income statement. On disposal, any related balance within the fair value reserve is reclassified to retained earnings. Dividends from equity investments classified as FVOCI are recognised in the Group income statement as other operating income when the dividend has been declared, when receipt of the funds is probable and when the dividend is not a return of invested capital. Equity instruments classified as FVOCI are not subject to an impairment assessment. Financial assets not meeting the above criteria are measured at FVTPL. These include money market funds, investments which do not meet the definition of equity and other financial assets which do not meet the criteria to be measured at amortised cost or FVOCI.
Trade receivables	Trade receivables A trade receivable is recorded when the Group has an unconditional right to receive payment. In respect of franchise fees, base and incentive management fees, technology fees and revenues from owned, leased and managed lease hotels, the invoice is typically issued as the related performance obligations are satisfied, as described on pages 198 and 199. Trade receivables typically do not bear interest and are generally on payment terms of up to 30 Trade receivables are initially recognised at fair value and subsequently measured at amortised cost. A provision for impairment is made for lifetime expected credit losses. The Group has established a provision matrix that is based on its historical credit loss experience by region and number of days past due. Where the historical experience is not relevant to defined owner groups, for example those in financial distress, lifetime expected credit losses are calculated by reference to recent credit loss experience for that specific population. Trade receivables are written off once determined to be uncollectable.
Cash and cash equivalents	Cash and cash equivalents Cash comprises cash on hand and demand deposits. Cash and cash equivalents comprise short-term deposits, money market funds and repurchase agreements that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. They generally have an original maturity of three months or less. Cash and cash equivalents may include amounts which are subject to regulatory or other contractual restrictions and are not available for general use by the Group. Cash balances are classified as other financial assets when the Group is not able to freely access the funds because they are subject to a specific charge or other restrictions.
Restricted cash and cash equivalents	Cash balances are classified as other financial assets when the Group is not able to freely access the funds because they are subject to a specific charge or other restrictions.
Money market funds	Money market funds Money market funds are held at FVTPL, with distributions recognised in financial income.
Bank and other borrowings	Bank and other borrowings Bank and other borrowings are initially recognised at the fair value of the consideration received less directly attributable transaction costs. They are subsequently measured at amortised cost. Borrowings are classified as non-current period-end
Derivative financial instruments and hedging	Derivative financial instruments and hedging Derivatives are initially recognised and subsequently measured at fair value. The subsequent accounting treatment depends on whether the derivative is designated as a hedging instrument and, if so, the nature of the item being hedged. Changes in the fair value of derivatives which have either not been designated as hedging instruments or relate to the ineffective portion of hedges are recognised immediately in the Group income statement. Documentation outlining the measurement and effectiveness of any hedging arrangement is maintained throughout the life of the hedge relationship. Interest arising from currency derivatives and interest rate swaps is recorded in either financial income or expenses over the term of the agreement, unless the accounting treatment for the hedging relationship requires the interest to be taken to reserves. Within the Group statement of cash flows, interest paid includes interest paid on the Group’s bonds and the related derivative financial instruments. Cash flow hedges Financial instruments are designated as cash flow hedges when they hedge exposure to variability in cash flows that are attributable to either a highly probable forecast transaction or a particular risk associated with a recognised asset or liability. Changes in the fair value are recorded in other comprehensive income and cash flow hedge reserves to the extent that the hedges are effective. When the hedged item is recognised, the cumulative gains and losses on the related hedging instrument are reclassified to the Group income statement, within financial expenses. Net investment hedges Financial instruments are designated as net investment hedges when they hedge the Group’s net investment in foreign operations. Changes in the fair value are recorded in other comprehensive income and the currency translation reserve to the extent that the hedges are effective. The cumulative gains and losses remain in equity until the relevant foreign operation is disposed, at which point they are reclassified to the Group income statement as part of the gain or loss on disposal.
Financial guarantee contracts	Financial guarantee contracts In limited       The carrying value of financial guarantee liabilities is immaterial for all periods presented.
Fair value measurement	Fair value measurement The Group measures each of the following at fair value on a recurring basis: – Financial assets and liabilities measured at FVTPL; – Financial assets measured at FVOCI; and – Derivative financial instruments. Other assets are measured re-measured Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is measured by reference to the principal market for the asset or liability assuming that market participants act in their economic best interests. The fair value of a non-financial The Group uses valuation techniques that maximise the use of relevant observable inputs using the following valuation hierarchy: Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities. Level 2: Other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly. Level 3: Techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data. For assets and liabilities measured at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorisation (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. Further disclosures on the particular valuation techniques used by the Group are provided in note 24 . Where significant assets, such as property, are valued by reference to fair value less costs of disposal, an external valuation will normally be obtained using professional valuers who have appropriate market knowledge, reputation and independence.
Offsetting of financial assets and financial liabilities	Offsetting of financial assets and financial liabilities Financial assets and financial liabilities are offset and the net amount is reported in the Group statement of financial position if there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the assets and settle the liabilities simultaneously. To meet these criteria, the right of set-off
Taxes	Taxes Current tax Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from, or paid to, the tax authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the end of the reporting period. The calculation of the Group’s current tax charge involves consideration of applicable tax laws and regulations in many jurisdictions throughout the world. From time to time, the Group is subject to tax audits and uncertainties in these jurisdictions. The issues involved can be complex and audits may take a number of years to conclude. Where the interpretation of local tax law is not clear, management relies on judgement and accounting estimates to ensure all uncertain tax positions are adequately provided for in the Group Financial Statements, in accordance with IFRIC 23 ‘Uncertainty over Income Tax Treatments’, representing the Group’s view of the most likely outcome or, where multiple issues are considered likely to be settled together, the probability weighted amounts of the range of possible outcomes. This may involve consideration of some or all of the following factors: – strength of technical argument, impact of case law and clarity of legislation; – professional advice; – experience of interactions, and precedents set, with the particular taxing authority; and – agreements previously reached in other jurisdictions on comparable issues.
Deferred tax	Deferred tax Deferred tax assets and liabilities arise and are generally recognised in respect of temporary differences between the tax base and carrying value of assets and liabilities. Deferred tax is calculated at the tax rates that are expected to apply in the periods in which the asset is released or the liability will be settled, based on tax rates and laws enacted or substantively enacted at the end of the reporting period. Judgement is used when assessing the extent to which deferred tax assets, particularly in respect of tax losses, should be recognised. Deferred tax assets are only recognised to the extent that it is regarded as probable that there will be sufficient and suitable taxable profits or deferred tax liabilities in the relevant legal entity or tax group against which such assets can be utilised in the future. For this purpose, forecasts of future profits are considered by assessing estimated future cash flows, consistent with those disclosed on page 197 within ‘Going concern’. Tax assumptions are overlaid to these profit forecasts to estimate the future taxable profits. Deferred tax is not provided on temporary differences arising on investments in subsidiaries where the Group is able to control the timing of the reversal and it is probable that the temporary difference will not reverse in the foreseeable future. Where deferred tax assets and liabilities arise in the same entity, or group of entities, and there would be a legal right to offset the assets and liabilities were they to reverse, the assets and liabilities are also offset in the Group statement of financial position.     The Group has applied the exception to recognising and disclosing information
Retirement benefits	Retirement benefits Defined contribution plans Payments to defined contribution plans are charged to the Group income statement as they fall due. Defined benefit plans Plan assets are measured at fair value and plan liabilities are measured on an actuarial basis using the projected unit credit method, discounted at an interest rate equivalent to the current rate of return on a high-quality corporate bond of equivalent currency and term to the plan liabilities. The difference between the value of plan assets and liabilities at the period-end wind-up. The service cost of providing pension benefits to employees, together with the net interest expense or income for the year, is charged to the Group income statement within administrative expenses. Net interest is calculated by applying the discount rate to the net defined benefit asset or liability, after any asset restriction. Re-measurements Re-measurement Actuarial valuations are carried out on a regular basis and are updated for material transactions and other material changes in circumstances (including changes in market prices and interest rates) up to the end of the reporting period.
Deferred compensation plan	Deferred compensation plan The Group operates a deferred compensation plan in the US which allows certain employees to make additional provision for retirement through the deferral of salary with matching company contributions within a dedicated trust. The related assets and liabilities are recognised in the Group statement of financial position. The Group’s obligation to employees under the plan is limited to the fair value of assets held by the plan and so the assets and liabilities are valued at the same amount, with no net impact on profit or loss.
Share-based payments	Share-based payments The cost of equity-settled share-based payment transactions with employees is measured by reference to fair value at the date at which the right to the shares is granted. Fair value is determined by an external valuer using option pricing models. The cost of equity-settled share-based payment transactions is recognised, together with a corresponding increase in equity, over the period in which any performance or service conditions are fulfilled, ending on the date on which the relevant employees become fully entitled to the award (vesting date). The Group income statement charge represents the movement in cumulative expense recognised at the beginning and end of that year. No expense is recognised for awards that do not ultimately vest, except for awards where vesting is conditional upon a market or non-vesting non-vesting
Provisions	Provisions Provisions are recognised when the Group has a present obligation as a result of a past event, it is probable that a payment will be made and a reliable estimate of the amount payable can be made. If the effect of the time value of money is material, the provision is discounted using a current pre-tax
Commercial litigation and disputes	Commercial litigation and disputes A provision is made when management consider it probable that payment may occur and the amount can be reliably estimated even though the defence of the related claim may still be ongoing through the court or arbitration process.
Self insurance reserves	Self insurance reserves The Group holds insurance policies with third-party insurers against certain risks relating to its corporate operations and owned and leased properties. Certain risks are reinsured through the Group’s captive insurance company (the ‘Captive’), SCH Insurance Company. This reduces the cost of insurance to the Group. For both the Group’s self insurance provisions and its external insurance obligations, in addition to the Captive obtaining regulatory approval, each line of insurance is subject to review and approval by the Insurance Executive Sub-Committee. Insurance reserves are held principally in the Captive. They are established using independent actuarial assessments, which reflect current expectations of the future economic outlook, or are based on past claims experience provided by third parties. Amounts utilised are principally paid to third-party insurers or dedicated claims handlers for subsequent settlement with the claimant.
Insurance	Insurance The Group’s insurance reserves relating to managed hotels are included in the Group statement of financial position as insurance liabilities. Insurance liabilities include both claims which are incurred but not reported (‘IBNR’) and those reported but not yet settled. Reserves are established using IFRS 17’s premium allocation approach, as all policies have a duration of 12 months or less, and incorporate independent actuarial assessments which reflect current expectations of the future economic outlook and past claims experience.       The Group assesses other arrangements with guarantees and similar features to determine whether an insurance contract exists. No material contracts have been identified to date. Insurance revenue and insurance expenses are presented separately within the Group income statement. Insurance revenue comprises reinsurance premiums which are recognised over the period of coverage; insurance expenses comprise the cost of claims and associated expenses. The effect of discounting is immaterial. In order to protect certain third-party insurers against the solvency risk of the Captive, the Group obtains stand-by (‘SBLCs’ $ 84 m (2023: $68m). Other Group companies indemnify the banks against losses under these SBLCs, however this represents a secondary guarantee of the Group’s obligations which are already recorded on the statement of financial position, either as insurance liabilities under IFRS 17 or as self-insurance provisions. No additional liability is therefore recorded in respect of these indemnities.
Disposal of non-current assets	Disposal of non-current The Group recognises sales proceeds and any related gain or loss on disposal on completion of the sales process. In determining whether the gain or loss should be recorded, the Group considers whether it: – has a continuing managerial involvement to the degree associated with asset ownership; – has transferred the significant risks and rewards associated with asset ownership; and – can reliably measure and will actually receive the proceeds.
Equity share capital and reserves	Equity share capital and reserves Equity share capital Equity share capital includes the total net proceeds (both nominal value and share premium) on issue of the Company’s equity share capital. Share premium represents the amount of proceeds received for shares in excess of their nominal value. Capital redemption reserve The capital redemption reserve maintains the nominal value of the equity share capital of the Company when shares are repurchased and cancelled. Shares held by employee share trusts Shares held by employee share trusts comprise ordinary shares held by employee share trusts. Other reserves Other reserves comprise the merger and revaluation reserves previously recognised under UK GAAP, together with the reserve arising as a consequence of the Group’s capital reorganisation in June 2005. The revaluation reserve relates to the previous revaluations of property, plant and equipment which were included at deemed cost on adoption of IFRS. Following the change in presentational currency to US dollars in 2008, this reserve also includes exchange differences arising on retranslation to period-end Fair value reserve The fair value reserve comprises movements in the value of financial assets measured at fair value through other comprehensive income. Cash flow hedge reserves The cash flow hedge reserves comprise: – Cash flow hedge reserve: the effective portion of the cumulative net change in the fair value of hedging instruments used in cash flow hedges pending subsequent recognition in profit or loss; and – Cost of hedging reserve: the gain or loss which is excluded from the designated hedging instrument relating to the foreign currency basis spread of currency swaps. Currency translation reserve The currency translation reserve comprises the movement in exchange differences arising from the translation of foreign operations and exchange differences on foreign currency borrowings and derivative financial instruments that provide an effective hedge against net investments in foreign operations. On adoption of IFRS, cumulative exchange differences were deemed to be $nil. Non-controlling A non-controlling
Climate change	Climate change There are no climate-related estimates and assumptions that have a material impact on asset values in the Group Financial Statements. In particular, the following have been considered: – In the case of goodwill and brands, the carrying value is recovered in less than five years under the Base Case forecasts and is not susceptible to medium-term risks. – In the case of the InterContinental Boston, for which the lease expires in 2105, the last impairment test performed indicated headroom above recoverable value of approximately 25% of the asset value before the asset would be impaired. – In the case of other hotel assets (within property, plant and equipment, right-of-use – In the case of contract assets, the term of the management agreement and the significant headroom of fee income over the asset carrying value. – In the case of trade deposits and loans, the short-term repayment period of these assets. – The period of coverage of performance guarantees and owner loan guarantees, together with caps on the Group’s exposure. – In the case of the recoverability of the UK deferred tax asset, the impact of the potential downside risk on the Group’s forecasts (see disclosure on page 221 Additionally, increasing operating costs over a medium term, for example energy, are not expected to have a material impact on any of the Group’s assets. While there is currently no material medium-term impact expected from climate change, the risks attached to climate change continue to evolve and these will continue to be assessed against the Group’s judgements and estimates.
New accounting standards and other presentational changes	New accounting standards and other presentational changes Adoption of new accounting standards From 1 January 2024, the Group has applied the following amendments: – IAS 1 – Classification of Liabilities as Current or Non-Current; – IAS 1 – Non-current – IFRS 16 – Lease Liability in a Sale and Leaseback; and – IAS 7 and IFRS 7 – Supplier Finance Arrangements. None of these amendments have had a material impact on the Group’s reported financial performance or position.
New standards issued but not yet effective	New standards issued but not yet effective From 1 January 2025, the Group will apply the amendments to: – IAS 21 – Lack of Exchangeability From 1 January 2026, the Group will apply the amendments to: – IFRS 7 and 9 – Amendments to the Classification and Measurement of Financial Instruments; – IFRS 7 and 9 – Contracts referencing Nature-dependent Electricity; and – Amendments arising from the IASB’s Annual Improvements Volume 11. There is no anticipated material impact from these amendments on the Group’s reported financial performance or position. IFRS 18 Presentation and Disclosure in Financial Statements The Group will adopt IFRS 18 with effect from 1 January 2027. This will replace IAS 1 ‘Presentation of Financial Statements’. IFRS 18 will introduce defined subtotals within the Group income statement and will require entities to classify all income and expenses within the income statement into the following categories: operating, investing, financing, income taxes and discontinued operations. IFRS 18 will also require new disclosures within the notes to the Group financial statements for management-defined performance measures and introduce new principles around aggregation and disaggregation of information within the financial statements. Related amendments to IAS 7 ‘Statement of Cash Flows’ will require the Group statement of cash flows to start with operating profit or loss and will change the Group’s classification of cash flows from dividends and interest. IFRS 18 will require restatement of comparative periods. The Group is currently assessing the impact of the standard.

Exchange rates (Tables)

Exchange rates (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Schedule of Foreign Exchange Rate	2024                  2023                    2022  $1 equivalent Average Closing Average Closing Average   Closing  Sterling £0.78 £0.80 £0.80 £0.78 £0.81   £0.83  Euro €0.92 €0.96 € € € €

Segmental information (Tables)

Segmental information (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Information by Reportable Segment	Revenue       2024      2023       2022  Year ended 31 December $m  $m  $m  Americas 1,141 1,105 1,005 EMEAA 748 677 552 Greater China 161 161 87 Central 262 221 199 Revenue from reportable segments 2,312 2,164 1,843 System Fund and reimbursable revenues 2,611 2,460 2,049 Total revenue 4,923 4,624 3,892 Profit       2024     2023      2022 Year ended 31 December $m $m $m Americas 828 815 761 EMEAA 270 215 152 Greater China 98 96 23 Central (72 ) (107 ) (108 ) Operating profit from reportable segments 1,124 1,019 828 System Fund and reimbursable result (83 ) 19 (105 ) Operating exceptional items (note 6 – 28 (95 ) Operating profit 1,041 1,066 628 Net financial expenses (140 ) (52 ) (96 ) Fair value (losses)/gains on contingent purchase consideration (4 ) (4 ) 8 Profit before tax 897 1,010 540 Tax (269 ) (260 ) (164 ) Profit for the year 628 750 376     Non-cash reportable Americas EMEAA Greater China Central Group Year ended 31 December 2024      $m      $m      $m      $m      $m Depreciation and amortisation a 24 12 3 26 65 Contract assets deduction in revenue 24 18 1 – 43 Equity-settled share-based payments cost 10 5 3 19 37 Share of profit of associates and joint ventures (4 ) (6 ) – – (10 ) Americas EMEAA Greater China Central Group Year ended 31 December 2023      $m      $m      $m      $m       $m Depreciation and amortisation a 24 12 4 27 67 Contract assets deduction in revenue 21 15 1 – 37 Equity-settled share-based payments cost 9 4 2 16 31 Share of profit of associates and joint ventures (5 ) (8 ) – – (13 ) Americas EMEAA Greater China Central Group Year ended 31 December 2022      $m       $m       $m      $m       $m Depreciation and amortisation a 23 13 4 28 68 Contract assets deduction in revenue 18 13 1 – 32 Equity-settled share-based payments cost 8 4 2 14 28 Share of profit of associates (1 ) – – – (1 ) a. Includes $16m (2023: $17m, 2022: $15m) relating to cost of sales in owned, leased and managed lease hotels and $49m (2023: $50m, 2022: $53m) relating to other assets. A further $80m (2023: $83m, 2022: $86m) was recorded within System Fund and reimbursable expenses.
Summary of Geographical Information	Geographical information 2024 2023 2022 Year ended 31 December      $m      $m      $m Revenue United Kingdom 291 263 243 United States 1,902 1,777 1,659 Rest of World 1,119 1,020 773 3,312 3,060 2,675 System Fund revenues (note 31 1,611 1,564 1,217 4,923 4,624 3,892 For the purposes of the above table, fee business, owned, leased and managed lease and reimbursable revenues are determined according to the location of the hotel and other revenue is attributed to the country of origin. In addition to the United Kingdom, revenue relating to an individual country is separately disclosed when it represents 10% or more of total revenue. System Fund revenues are not included in the geographical analysis as the Group does not monitor the Fund’s revenue by location of the hotel or, in the case of the loyalty programme, according to the location where members consume their rewards. 2024 2023 31 December      $m      $m Non-current United Kingdom 104 100 United States 1,370 1,332 Rest of World 778 660 2,252 2,092

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Group Revenue Disaggregated By Type of Revenue Stream and By Reportable Segment	Americas EMEAA Greater China Central Group Year ended 31 December 2024      $m      $m      $m      $m      $m Franchise and base management fees 958 277 122 – 1,357 Incentive management fees 21 118 39 – 178 Central revenue – – – 239 239 Revenue from fee business 979 395 161 239 1,774 Revenue from owned, leased and managed lease hotels 162 353 – – 515 Revenue from insurance activities – – – 23 23 1,141 748 161 262 2,312 System Fund revenues (note 31 1,611 Reimbursable revenues (note 31 1,000 Total revenue 4,923 Americas EMEAA Greater China Central Group Year ended 31 December 2023       $m      $m      $m      $m      $m Franchise and base management fees 936 253 115 – 1,304 Incentive management fees 21 101 46 – 168 Central revenue – – – 200 200 Revenue from fee business 957 354 161 200 1,672 Revenue from owned, leased and managed lease hotels 148 323 – – 471 Revenue from insurance activities – – – 21 21 1,105 677 161 221 2,164 System Fund revenues (note 31 ) 1,564 Reimbursable revenues (note 31 ) 896 Total revenue 4,624 Americas EMEAA Greater China Central Group Year ended 31 December 2022       $m      $m      $m      $m      $m Franchise and base management fees 861 215 71 – 1,147 Incentive management 18 69 16 – 103 Central revenue – – – 184 184 Revenue from fee business 879 284 87 184 1,434 Revenue from owned, leased and managed lease hotels 126 268 – – 394 Revenue from insurance activities – – – 15 15 1,005 552 87 199 1,843 System Fund revenues (note 31 ) 1,217 Reimbursable revenues (note 31 ) 832 Total revenue 3,892
Summary of Information About Trade Receivables, Contract Assets, and Deferred Revenue	31 December 2024      $m   2023      $m Trade receivables (note 16) 651 580 Contract assets 650 459 Deferred revenue (2,060 ) (1,848 )
Summary of Changes in Contract Assets and Deferred Revenue	Contract assets     2024     2023 At 1 January 459 367 Additions 237 129 Recognised as a deduction to revenue (43 ) (37 ) Impairment reversals (note 6 3 – Repayments – (7 ) Exchange and other adjustments (6 ) 7 At 31 December 650 459 Analysed as: Current 38 35 Non-current 612 424 650 459 Deferred revenue Loyalty Other co-brand fees Application & re-licensing fees Other $m Total $m At 1 January 2023 1,411 33 167 113 1,724 Increase in deferred revenue 672 – 27 63 762 Recognised as revenue (554 ) (11 ) (23 ) (48 ) (636 ) Exchange and other adjustments – – – (2 ) (2 ) At 31 December 2023 1,529 22 171 126 1,848 Increase in deferred revenue 726 97 23 61 907 Recognised as revenue (602 ) (8 ) (23 ) (58 ) (691 ) Exchange and other adjustments – – – (4 ) (4 ) At 31 December 2024   1,653     111     171     125   2,060 Analysed as: Current 661 12 23 70 766 Non-current 992 99 148 55 1,294 1,653 111 171 125 2,060 At 31 December 2023 analysed as: Current 649 11 22 70 752 Non-current 880 11 149 56 1,096 1,529 22 171 126 1,848
Amounts Received and Not Yet Recognised Relating to Performance Obligations	2024 2023 Loyalty and co-brand Other Total Loyalty and co-brand Other Total $m $m $m $m $m $m Less than one year 673 93 766 660 92 752 Between one and two years 355 43 398 346 43 389 Between two and three years 214 30 244 195 32 227 Between three and four years 140 24 164 118 24 142 Between four and five years 95 22 117 73 20 93 More than five years 287 84 371 159 86 245   1,764     296   2,060   1,551     297      1,848
Movements in Contract Costs, Typically Developer Commissions	2024     2023 At 1 January 87 80 Costs incurred 18 15 Charged to income statement (8 ) (8 ) Exchange and other adjustments (2 ) –  At 31 December 95 87 Analysed as: Current 5 5 Non-current 90 82 95 87

Staff costs and Directors' re_2

Staff costs and Directors' remuneration (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Staff Costs	Staff costs     2024 $m     2023 a $m     2022 a $m Wages and salaries 1,890 1,752   1,558   Social security costs 159 143 117 Share-based payment costs (note 27) 67 56 46 Pension and other post-retirement benefits: Defined benefit plans 7 4 2 Defined contribution plans 62 58 53 2,185 2,013 1,776 Analysed as: Costs borne by IHG b 800 747 646 Costs borne by the System Fund or reimbursed 1,385 1,266 1,130 2,185 2,013 1,776 a. Re-presented b In 2022, included $1m classified as exceptional relating to the costs of ceasing operations in Russia.
Summary of Average Number of Employees	Monthly average number of employees, including part-time employees     2024     2023     2022 Employees whose costs are borne by IHG: Americas 1,612 1,578 1,548 EMEAA 3,635 3,642 3,638 Greater China 357 352 333 Central 1,783 1,720 1,528 7,387 7,292 7,047 Employees whose costs are borne by the System Fund or are reimbursed 20,752 20,306 18,833 28,139 27,598 25,880
Summary of Director's Emoluments	Directors’ remuneration     2024     2023     2022 Base salaries, fees, annual performance payments and benefits 6.9 6.9 7.9

Auditor's remuneration paid t_2

Auditor's remuneration paid to Pricewaterhouse Coopers LLP (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Auditor's remuneration paid to Pricewaterhouse Coopers LLP	2024     2023     2022 Audit of the Financial Statements 7 7 6 Audit of subsidiaries 3 3 2 Other assurance services a 1 1 1 11 11 9 Under SEC regulations analysed as: Audit 10 10 8 Other audit-related 1 1 1 11 11 9

Exceptional items (Tables)

Exceptional items (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure Of Exceptional Items [line items]
Summary of Exceptional Items	Note     2024     2023     2022 Administrative expenses: Costs of ceasing operations in Russia (a ) – – (12 ) Commercial litigation and disputes (b ) (12 ) – (28 ) (12 ) – (40 ) Share of profits/(losses) of associate (c ) – 18 (60 ) Other operating income (d ) – 10 – Impairment reversal on financial assets (e ) 6 – – Other net impairment reversals/(charges): Management agreements – reversal 11 – – 12 Property, plant and equipment – charge 12 – – (10 ) – reversal 12 3 – 3 Right-of-use – charge 12 – – (2 ) – reversal 13 – – 2 Associates – reversal 14 – – 2 Contract assets – charge ( f ) – – (5 ) – reversal ( f ) 3 – 3 6 – 5 Operating exceptional items – 28 (95 ) Tax on exceptional items ( g ) – (7 ) 26 Tax – (7 ) 26 Operating exceptional items analysed as: Americas 4 27 (46 ) EMEAA (4 ) 1 (49 ) – 28 (95 )
Summary of tax impacts on exceptional items	2024 2023 2022  Current tax $m  Deferred tax $m  Current tax $m  Deferred tax $m  Current tax $m  Deferred tax $m Costs of ceasing operations in Russia – – – – 3 – Commercial litigation and disputes – 2 – – 8 (2 ) Share of (profits)/losses of associate – – – (4 ) 15 – Other operating income – – (3 ) – – – Impairment reversal on financial assets – (1 ) – – – – Other net impairment (reversals)/charges – (1 ) – – 1 (5 ) Adjustments in respect of prior years a – – – – 6 – – – (3 ) (4 ) 33 (7 ) Total current and deferred tax – (7 ) 26 a. In 2022, related to the release of tax contingencies no longer needed; one of these was as a result of the closure of a tax audit of the 2014 US federal income tax return.

Financial income and expenses (

Financial income and expenses (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Financial Income and Expenses	2024     2023     2022 Financial income Financial income 48 33 17 Interest income on loans and other assets 15 6 5 63 39 22 Financial expenses Interest expense on external borrowings 131 85 92 Interest expense on lease liabilities 30 29 29 Unwind of discount on deferred purchase consideration – 1 – Foreign exchange losses/(gains) 25 (35 ) (10 ) Other charges 17 11 7 203 91 118

Tax (Tables)

Tax (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Tax on (loss)/Profit	Tax on profit for the year United Kingdom Other jurisdictions Total  2024  2023  2022  2024  2023  2022  2024  2023  2022 Current tax Current period a 24 16 6 292 245 177 316 261 183 Adjustments in respect of prior periods – – (2 ) – 12 (5 ) – 12 (7 ) 24 16 4 292 257 172 316 273 176 Deferred tax Origination and reversal of temporary differences 11 1   (1 ) (56 ) (21 ) (6 ) (45 ) (20 ) (7 ) Changes in tax rates and tax laws – – – – 2 – – 2 – Adjustments to unprovided or unrecognised deferred tax b – – (2 ) – 5 – – 5 (2 ) Adjustments in respect of prior periods (2 ) 1 2 – (1 ) (5 ) (2 ) – (3 ) 9 2 (1 ) (56 ) (15 ) (11 ) (47 ) (13 ) (12 ) Income tax charge for the year c 33 18 3 236 242 161 269 260 164 a. Includes $2m (2023: $nil, 2022: $nil) in respect of taxes arising under the Pillar Two framework. b. Represent ed c. ‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.
Summary of Reconciliation of Tax Charge Including Gain on Disposal of Assets	Reconciliation of tax charge     2024     2023     2022 Tax at UK blended rate 25.0 23.5 19.0 Tax credits (0.6 ) (0.5 ) (0.1 ) System Fund a 1.2 (1.3 ) 3.1 Foreign exchange losses/( gains ) 1.0 (1.0 ) (0.9 ) Other permanent differences b (0.5 ) 0.9 0.5 Non-recoverable 2.4 1.3 3.5 Net effect of different rates of tax c 1.5 1.5 6.3 Effects of substantive enactment of UAE tax rates and laws d – (0.9 ) – Effect of changes in other tax rates and laws – 0.2 0.1 Items on which deferred tax arose but where no deferred tax is recognised e 0.2 0.2 1.2 Effect of adjustments to unprovided or unrecognised deferred taxes f – 0.5 (0.4 ) Adjustment to tax charge in respect of prior periods g (0.2 ) 1.3 (1.9 ) 30.0 25.7 30.4 a. The System Fund is, in general, not subject to taxation. b. Includes (1.0) %pts %pts %pts c. Includes 1.2 %pts %pts %pts d. During 2023, law implementing a new corporate income tax regime was substantively enacted in the UAE. This resulted in the recognition of a deferred tax asset of $9m in the UAE. Absent further law change, this benefit is not likely to reoccur. e. Predominantly in respect of losses arising in the year. f. Adjustments relating to estimated recoverable deferred tax assets. In 2023, also included 0.7 %pts g. Relates to the finalisation of tax returns, activity from tax authorities such as tax audits and the reassessment of provisions for uncertain tax positions.
Summary of Tabular Form of Taxes Paid Based on Geographical Area	2024     2023     2022 China a 11 5 10 Singapore a 7 4 1 United Kingdom 10 8 3 United States 220 171 165 Other jurisdictions 23 18 10 271 206 189 Taxes withheld at source 38 37 22 Tax paid per cash flow 309 243 211 a. Tax payments are typically based upon the previous year’s profits.
Summary of Reconciliation of Tax Paid to Total Current Tax Charge in Income Statement	A reconciliation of tax paid to the current tax charge in the Group income statement is as follows:     2024     2023     2022 Current tax charge in the Group income statement 316 273 176 Current tax credit in the Group statement of comprehensive income (3 ) (6 ) (2 ) Current tax credit taken directly to equity (6 ) (5 ) – Total current tax charge 307 262 174 Movements to tax contingencies a (4 ) (2 ) 10 Timing differences of cash tax paid and foreign exchange differences 6 (17 ) 27 Tax paid per cash flow 309 243 211 a. Tax contingency movements are included within the current tax charge but do not impact cash tax paid in the year. Settlements of tax contingencies are included within cash tax paid in the year but not recorded in the current year tax charge.
Summary of Deferred Tax	Deferred tax Property, Application Deferred c Associates Losses d Deferred a Deferred a,b Research and a Intangible Other short-term a,e Total $m $m $m $m $m $m $m $m $m $m $m At 1 January 2023 (53 ) 41 (34 ) (59 ) 79 84 – 8 (40 ) 22 48 Group income statement 22 1 – (1 ) – 4 – 7 (9 ) (11 ) 13 Group statement of comprehensive income – – – – (6 ) – – – – (5 ) (11 ) Group statement of changes in equity – – – – – 6 – – – – 6 Exchange and other adjustments 1 – – – 3 1 – – 3 2 10 At 31 December 2023 (30 ) 42 (34 ) (60 ) 76 95 – 15 (46 ) 8 66 Group income statement 21 – – 1 (7 ) 9 30 18 (14 ) (11 ) 47 Group statement of comprehensive income – – – – (3 ) – – – – (13 ) (16 ) Group statement of changes in equity – – – – – 9 – – – – 9 Exchange and other adjustments – – – – (1 ) – – – – (1 ) (2 ) At 31 December 2024 (9 ) 42 (34 ) (59 ) 65 113 30 33 (60 ) (17 ) 104 a. The above table has been re-presented b. The movements in 2024 and the closing balance arise as a result of the revised agreement with the IHG Owners Association (see note 3) and deferred revenue in respect of co-branding c. Becomes due in 2025 unless prevailing law at that time allows further deferral. d. Wholly in respect of revenue losses. e. Primarily in respect of contract costs, right-of-use
Summary of Deferred Tax Balance After Offset of Assets and Liabilities and Analysis by Key Territory	The analysis of the deferred tax balance after considering the offset of assets and liabilities within entities where there is a legal right to do so and an analysis of the deferred tax balance showing all territories with balances greater than $10m in either the current or prior year are as follows:     2024     2023 Deferred tax assets 122 134 Deferred tax liabilities (18 ) (68 ) 104 66 Analysed as: United Arab Emirates 12 9 United Kingdom 99 113 United States – (53 ) Other (7 ) (3 ) 104 66
Summary of Unrecognised Deferred Tax Position	The total unrecognised deferred tax position is as follows: Gross Unrecognised deferred tax     2024     2023     2024 $m     2023 Revenue losses 432 450 75 79 Capital losses 580 580 146 146 1,012 1,030 221 225 Tax credits 46 32 46 32 Other a 22 16 7 5 1,080 1,078 274 262 a. Primarily relates to costs incurred for which tax relief has not been obtained.
Summary of Unrecognized Deferred Tax Based on Expiry Date	There is no expiry date to any of the above unrecognised assets other than for the losses and tax credits as shown in the table below: Gross Unrecognised deferred tax Expiry date     2024 $m     2023 $m     2024 $m     2023 $m 2024 – 6 – 1 2025 11 11 2 2 2026 7 7 1 1 2027 7 7 1 1 2028 – 6 – 1 2029 10 10 10 10 After 2031 36 22 36 22

Dividends (Tables)

Dividends (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Dividends Paid	2024 2023 2022 Paid during the year cents      $m cents      $m cents       $m Final (declared for previous year) 104.0 172 94.5 166 85.9 154 Interim 53.2 87 48.3 79 43.9 79 157.2 259 142.8 245 129.8 233

Earnings per ordinary share (Ta

Earnings per ordinary share (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Earnings/(loss) per ordinary share	Basic earnings per ordinary share    2024    2023    2022 Profit available for equity holders ($m) 628 750 375 Basic weighted average number of ordinary shares (millions) 161.2 169.0 181.0 Basic earnings per ordinary share (cents) 389.6 443.8 207.2 Diluted earnings per ordinary share Profit available for equity holders ($m) 628 750 375 Diluted weighted average number of ordinary shares (millions) 163.0 170.0 182.0 Diluted earnings per ordinary share (cents) 385.3 441.2 206.0 Basic and diluted share denominators are calculated as follows: 2024 millions 2023 millions 2022 millions Weighted average number of ordinary shares in issue 168.6 177.0 187.0 Weighted average number of treasury shares a (7.4 ) (8.0 ) (6.0 ) Basic weighted average number of ordinary shares 161.2 169.0 181.0 Dilutive potential ordinary shares 1.8 1.0 1.0 Diluted weighted average number of ordinary shares 163.0 170.0 182.0 a. Includes other shares that do not receive dividends.

Goodwill and other intangible_2

Goodwill and other intangible assets (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Goodwill and Other Intangible Assets	Goodwill $m    Brands $m    Software $m Management agreements $m Other  intangibles $m    Total $m Cost At 1 January 2023 513 439 825 122 26 1,925 Additions – – 52 – 1 53 Fully amortised assets written off – – (52 ) – (3 ) (55 ) Disposals – – (1 ) – – (1 ) Exchange and other adjustments 3 – 1 – – 4 At 31 December 2023 516 439 825 122 24 1,926 Additions – – 48 – 1 49 Fully amortised assets written off – – (49 ) – (1 ) (50 ) Disposals – – (4 ) – – (4 ) Exchange and other adjustments (5 ) – – – – (5 ) At 31 December 2024 511 439 820 122 24 1,916 Amortisation and impairment At 1 January 2023 (178 ) – (486 ) (101 ) (16 ) (781 ) Provided – – (18 ) (1 ) (2 ) (21 ) System Fund expense – – (76 ) – (1 ) (77 ) Fully amortised assets written off – – 52 – 3 55 Disposals – – 1 – – 1 Exchange and other adjustments (2 ) – (1 ) (1 ) – (4 ) At 31 December 2023 (180 ) – (528 ) (103 ) (16 ) (827 ) Provided – – (17 ) (1 ) (1 ) (19 ) System Fund expense – – (77 ) – (1 ) (78 ) Impairment charge – – (2 ) – – (2 ) System Fund impairment charge – – (3 ) – – (3 ) Fully amortised assets written off – – 49 – 1 50 Disposals – – 4 – – 4 Exchange and other adjustments – – 1 – – 1 At 31 December 2024 (180 ) – (573 ) (104 ) (17 ) (874 ) Net book value At 31 December 2024 331 439 247 18 7 1,042 At 31 December 2023 336 439 297 19 8 1,099 At 1 January 2023 335 439 339 21 10 1,144
Summary of Carrying Value of Goodwill and Indefinite Life Brands were Allocated to CGUs for Year-end Impairment Testing	At 1 January 2023 $m Exchange   adjustments $m At 31 December 2023 $m Exchange adjustments $m At 31 December $m Analysed as:   Goodwill $m   Brands $m Americas (group of CGUs) 419 – 419   – 419 132 287 EMEAA (group of CGUs) 331 1 332 (5 ) 327 191 136 Greater China 24 – 24 – 24 8 16 774 1 775 (5 ) 770 331 439
Summary of Terminal Growth Rates and Discount Rates Used in Impairment Tests	The weighted average terminal growth rates and pre-tax 2024 2023   Terminal growth rate % Pre-tax %   Terminal rate % Pre-tax % Americas 2.1 11.6 1.6 13.0 EMEAA 2.5 13.6 2.4 15.1 Greater China 2.5 10.5 2.5 12.1

Property, plant and equipment (

Property, plant and equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Property, Plant and Equipment	Land and $m Fixtures, $m     Total $m Cost At 1 January 2023 112 292 404 Additions 1 20 21 Fully depreciated assets written off – (15 ) (15 ) Disposals (2 ) (3 ) (5 ) Exchange and other adjustments – 6 6 At 31 December 2023 111 300 411 Additions – 27 27 Fully depreciated assets written off (3 ) (27 ) (30 ) Disposals (8 ) (8 ) (16 ) Exchange and other adjustments (1 ) (4 ) (5 ) At 31 December 2024 99 288 387 Depreciation and impairment At 1 January 2023 (51 ) (196 ) (247 ) Provided (6 ) (18 ) (24 ) System Fund expense – (4 ) (4 ) Fully depreciated assets written off – 15 15 Disposals 2 3 5 Exchange and other adjustments 1 (4 ) (3 ) At 31 December 2023 (54 ) (204 ) (258 ) Provided (3 ) (21 ) (24 ) System Fund expense – (4 ) (4 ) Impairment reversal – 3 3 Fully depreciated assets written off 3 27 30 Disposals – 8 8 Exchange and other adjustments 1 3 4 At 31 December 2024 (53 ) (188 ) (241 ) Net book value At 31 December 2024 46 100 146 At 31 December 2023 57 96 153 At 1 January 2023 61 96 157

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Presentation of leases for lessee [abstract]
Disclosure of quantitative information about right-of-use assets	Right-of-use   Land and $m  Investment property $m     Other $m     Total $m Cost At 1 January 2023 571 50 2 623 Additions and other re-measurements 15 – 2 17 Transfers to investment property (2 ) 2 – – Terminations (51 ) – (1 ) (52 ) Exchange and other adjustments 1 – – 1 At 31 December 2023 534 52 3 589 Additions and other re-measurements 28 – 5 33 Transfers to finance lease receivable (13 ) (14 ) (4 ) (31 ) Terminations (11 ) – (1 ) (12 ) Exchange and other adjustments (5 ) – – (5 ) At 31 December 2024 533 38 3 574 Depreciation and impairment At 1 January 2023 (294 ) (47 ) (2 ) (343 ) Provided (22 ) – – (22 ) System Fund expense (2 ) – – (2 ) Transfers to investment property 2 (2 ) – – Terminations 51 – 1 52 Exchange and other adjustments (1 ) – – (1 ) At 31 December 2023 (266 ) (49 ) (1 ) (316 ) Provided (21 ) – (1 ) (22 ) System Fund expense 2 – – 2 Transfers to finance lease receivable 8 13 – 21 Terminations 11 – 1 12 Exchange and other adjustments 5 – – 5 At 31 December 2024 (261 ) (36 ) (1 ) (298 ) Net book value At 31 December 2024 272 2 2 276 At 31 December 2023 268 3 2 273 At 1 January 2023 277 3 – 280
Disclosure Of Lease Liabilities	The majority of the Group’s lease liabilities are discounted at incremental borrowing rates of up to 10%. The rate implicit in the InterContinental Boston lease was 9.7% and was derived from a valuation of the hotel at lease inception in 2006.     2024     2023 Currency $m $m US dollars 357 357 Sterling 31 32 Euros 3 4 Other 23 33 414 426 Analysed as: Current 26 30 Non-current 388 396 414 426
Disclosure Of Lease Expenditure Recognised Explanatory	Amounts recognised in the Group income statement     2024     2023     2022 Depreciation of right-of-use 22 22 25 System Fund depreciation of right-of-use (2 ) 2 3 Expense relating to variable lease payments 77 62 47 Expense relating to short-term leases and low-value 1 2 1 Income from operating subleases (3 ) (2 ) (1 ) Recognised in operating profit 95 86 75 Interest on lease liabilities 30 29 29 Total recognised in the Group income statement 125 115 104
Disclosure of Detailed Information About Lease Liabilities Recognized In Cash Flow Statement Explanatory	Amounts recognised in the Group statement of cash flows     2024 $m     2023 $m     2022 $m Operating activities 108 92 72 Investing activities (4 ) – (6 ) Financing activities 46 28 36 Net cash paid 150 120   102

Investment in associates and _2

Investment in associates and joint ventures (Tables)	12 Months Ended
	Dec. 31, 2024
Statement [Line Items]
Investment in Associates and Joint Ventures	2024     2023 Cost At 1 January 101 89 Additions 6 3 Share of profits a 10 13 System Fund share of losses (2 ) (3 ) Dividends and distributions (7 ) (1 ) At 31 December 108 101 Impairment At 1 January (53 ) (53 ) Impairment charge (4 ) – At 31 December (57 ) (53 ) Net book value 51 48 Analysed as: Barclay associate 7 3 Other associates 39 43 Joint ventures 5 2 51 48 a. In 2023 and 2022, the total share of profits/(losses) from associates and joint ventures in the Group income statement included $18m gain and $18m loss, respectively, due to the liability recognised in 2022 and its subsequent reversal (see note 6
Summary of Financial Information of Material Associate Investment	Summarised financial information in respect of the Barclay associate is set out below:     2024     2023 Non-current 449 462 Current assets 112 86 Current liabilities (21 ) (23 ) Non-current (236 ) (256 ) Net assets 304 269 Group’s share of reported net assets at 19.9% 60 53 Adjustments to reflect impairment, capitalised costs and additional rights and obligations under the shareholder agreement (11 ) (8 ) Effect of specially allocated expenses (note 6 ) (42 ) (42 ) Carrying amount 7 3     2024 $m     2023 $m Revenue 130 131 Profit from continuing operations and total comprehensive income for the year 15 15 Group’s share of profit for the year a 4 3 a. Includes specially allocated expenses and the cost of funding owner returns.

Other financial assets (Tables)

Other financial assets (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Other Financial Assets	2024     2023 Equity securities 97 102 Restricted funds: Ring-fenced amounts to satisfy insurance claims: Cash 1 2 Money market funds 10 14 A 31 32 Other 1 2 43 50 Trade deposits and loans 79 40 219  192   Analysed as: Current 7 7 Non-current  212 185 219 192
Schedule of Movement in Provision for Impairment of Equity Securities	The methodology to calculate fair value and the sensitivities 24 . The most significant investments are as follows: 2024 2023   Fair value   Dividend   Fair value   Dividend $m $m $m $m Investment in entity which owns: InterContinental The Willard Washington DC 27 1 27 1 InterContinental Grand Stanford Hong Kong 36 – 37 –

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Trade and Other Receivables	2024 $m     2023 $m Current Trade receivables 651 580 Other receivables 41 68 Prepayments 93 92 785 740 Non-current Finance lease receivables 12 6 Other receivables 5 3 Prepayments 18 4 35 13

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Cash and Cash Equivalents in the Statement of Cash Flows	2024 $m     2023 $m Cash at bank and in hand 142 179 Short-term deposits 411 632 Money market funds 415 375 Repurchase agreements 40 136 Cash and cash equivalents as recorded in the Group statement of financial position 1,008 1,322 Bank overdrafts (17 ) (44 ) Cash and cash equivalents as recorded in the Group statement of cash flows 991 1,278
Summary of Restricted Cash and Cash Equivalents	Cash and cash equivalents with restrictions on us e     2024 $m     2023 $m Countries with restrictions on repatriation 2 30 Capital expenditure under lease agreements 15 14 Other restrictions 5 12 22 56

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Trade and Other Payables	2024 $m     2023 Current Trade payables 111 127 Other tax and social security payables 61 47 Other payables 116 135 Deferred purchase consideration – 13 Accruals 362 389 650 711 Non-current Other payables 5 6 Contingent purchase consideration (note 24 73 69 78 75

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Provisions Analysed as Current and Non-Current	Commercial $m Self $m  Dilapidations $m     Total At 31 December 2023 7 14 15 36 Provided 10 4 4 18 Utilised – (9 ) – (9 ) Released (3 ) – (2 ) (5 ) Exchange and other adjustments – – (1 ) (1 ) At 31 December 2024 14 9 16 39 Analysed as: Current 13 3 6 22 Non-current 1 6 10 17 14 9 16 39

Insurance (Tables)

Insurance (Tables)	12 Months Ended
	Dec. 31, 2024
Insurances [Abstract]
Summary of Reconciliation of Changes In Insurance Contracts	2024     2023 At 1 January 37 32 Insurance expenses 28 21 Claims and other amounts paid (23 ) (15 ) Impact of discounting and other changes (3 ) (1 ) At 31 December 39 37 Analysed as: Current 14 12 Non-current 25 25 39 37 Incurred but not reported claims a 18 20 Reported but not settled claims 21 17 39 37 a. Includes unallocated loss expenses.
Summary of Analysis of Insurance Revenue	2024     2023 Revenue from insurance activities 23 21 Insurance expenses (inclusive of overhead costs) (29 ) (23 ) Insurance result (6 ) (2 )

Loans and other borrowings (Tab

Loans and other borrowings (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Loans and Other Borrowings	Maturity date Discount  at issue  %  2024 $m 2023 $m Current Bank overdrafts (note 17 n/a n/a  17 44 € 8 October 2024 0.437  – 555 £300m 3.75% bonds 2025 14 August 2025 0.986  381 – 398 599 Non-current £300m 3.75% bonds 2025 14 August 2025 0.986  – 387 £350m 2.125% bonds 2026 24 August 2026 0.550  441 449 € 15 May 2027 0.470  526 559 £400m 3.375% bonds 2028 8 October 2028 1.034  502 509 € 28 November 2029 0.098  623 663 € 27 September 2031    0.116  784 – 2,876 2,567 Total loans and other borrowings 3,274    3,166 Denominated in the following currencies: Sterling 1,324 1,345 US dollars 16 44 Euros 1,933 1,777 Other 1 –    3,274 3,166

Net debt (Tables)

Net debt (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Net Debt	2024 $m     2023 $m Cash and cash equivalents 1,008 1,322 Loans and other borrowings – current (398 ) (599 ) – non-current (2,876 ) (2,567 ) Lease liabilities – current (26 ) (30 ) – non-current (388 ) (396 ) Principal amounts payable on maturity of derivative financial instruments (note 23 (102 ) (2 ) Net debt (2,782 ) (2,272 )
Summary of Movement in Net Debt	Movement in net debt     2024 $m     2023 $m Net (decrease)/increase in cash and cash equivalents, net of overdrafts (269 ) 339 Add back financing cash flows in respect of other components of net debt: Principal element of lease payments 46 28 Issue of long-term bonds (834 ) (657 ) Repayment of long-term bonds 547 – Settlement 45 – (196 ) (629 ) Increase in net debt arising from cash flows (465 ) (290 ) Other movements: Lease liabilities (36 ) (25 ) Increase in accrued interest (6 ) (2 ) Exchange and other adjustments (3 ) (104 ) (45 ) (131 ) Increase in net debt (510 ) (421 ) Net debt at beginning of the year (2,272 ) (1,851 ) Net debt at end of the year (2,782 ) (2,272 )
Summary of Loans and Other Borrowings, Excluding Bank Overdrafts and Currency Swaps	Loans and other borrowings (excluding bank overdrafts), lease liabilities and currency swaps and forwards comprise the liabilities included in the financing activities section of the Group statement of cash flows and their movements are analysed as follows: At 1 $m Financing $m Exchange    Other $m a,b At 31 2024 $m Lease liabilities 426 (46 ) (2 ) 36 414 Bonds 3,122 287 (157 ) 5 3,257 3,548 241 (159 ) 41 3,671 Currency swaps 20 (45 ) – 103 78 Currency forwards (15 ) – – 11 (4 ) 3,553 196 (159 ) 155 3,745 At 1 $m Financing $m Exchange     Other $m a,b At 31   December 2023 $m Lease liabilities 427 (28 ) 2 25 426 Bonds 2,341 657 123 1 3,122 2,768 629 125 26 3,548 Currency swaps 4 – – 16 20 Currency forwards – – – (15 ) (15 ) 2,772 629 125 27 3,553 a. The non-cash re-measurements. b. The change in value of currency swaps represents fair value movements and additions.

Financial risk management and_2

Financial risk management and derivative financial instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Derivative Financial Instruments	Derivatives are recorded in the Group statement of financial position at fair value (see note 24) as follows: Derivatives     2024 $m     2023 $m Currency swaps (78 ) (20 ) Currency forwards 4 15 (74 ) (5 ) Analysed as: Non-current 4 20 Current liabilities – (25 ) Non-current (78 ) – (74 ) (5 )
Disclosure of Detailed Information About Hedging Instruments	Currency swaps and forwards have been transacted as follows: Date of Hedge type Pay leg Interest  rate Receive  leg Interest   rate Maturity Risk Hedged item November 2018 Cash flow  £436m  3.5% € 2.125% May 2027 Foreign exchange  €500m 2.125% bonds 2027 October 2020 Cash flow £454m 2.7% € 1.625% October 2024 Foreign exchange €500m 1.625% bonds 2024 November 2023 Cash flow $657m 6.0% € 4.375% November 2029 Foreign exchange €600m 4.375% bonds 2029 September 2024 Cash flow $834m 4.9% € 3.625% September 2031  Foreign exchange €750m 3.625% bonds 2031 October 2023 Net $425m n/a £344m n/a October 2028 Spot foreign Net assets of specified
Summary of Interest and Foreign Exchange Risk Sensitivities	2024     2023     2022 (Decrease)/increase in profit before tax Sterling: US dollar exchange rate $0.05 fall (38 ) (14 ) (3 ) Euro: US dollar exchange rate $0.05 fall (7 ) (3 ) – US dollar interest rates 1% increase 4 2 4 Sterling interest rates 1% increase 3 9 4 Decrease/(increase) in net liabilities Sterling: US dollar exchange rate $0.05 fall 3 (12 ) 27 Euro: US dollar exchange rate $0.05 fall 25 49 50 Sterling: euro exchange rate € 31 64 60
Summary of amended covenant test levels for syndicated and bilateral facilities	31 December a Covenant test levels for RCF Leverage < 4.0x Interest cover >3.5x
Summary of covenant tests	2024      2023      2022 Covenant measures Covenant EBITDA ($m) 1,195 1,086 896 Covenant net debt ($m) 2,804 2,328 1,898 Covenant interest payable ($m) 123 88 109 Leverage 2.35 2.14 2.12 Interest cover 9.72 12.34 8.22
Summary of Undiscounted Contractual Cash Flows of Financial Liabilities	Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Total 31 December 2024      $m      $m      $m     $m      $m Non-derivative Bank overdrafts 17 – – – 17 Bonds 482 531 1,859 837 3,709 Lease liabilities 52 50 139 3,125 3,366 Trade and other payables (excluding deferred and contingent purchase consideration) 589 1 1 3 594 Contingent purchase consideration – 39 42 – 81 Financial guarantee contracts 31 – – – 31 Derivative financial instruments: Currency swaps hedging bonds inflows (66 ) (66 ) (1,324 ) (837 ) (2,293 ) Currency swaps hedging bonds outflows 101 100 1,457 916 2,574 Forward currency contract inflows – – (431 ) – (431 ) Forward currency contract outflows – – 425 – 425 Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Total 31 December 2023       $m      $m      $m     $m      $m Non-derivative Bank overdrafts 44 – – – 44 Bonds 644 464 1,681 694 3,483 Lease liabilities 57 52 130 3,164 3,403 Trade and other payables (excluding deferred and contingent purchase consideration) 651 1 3 2 657 Deferred and contingent purchase consideration 13 – 81 – 94 Financial guarantee contracts 50 – – – 50 Derivative financial instruments: Currency swaps hedging bonds inflows (604 ) (41 ) (664 ) (694 ) (2,003 ) Currency swaps hedging bonds outflows 653 59 704 696 2,112 Forward currency contract inflows – – (438 ) – (438 ) Forward currency contract outflows – – 425 – 425
Disclosure of Short-term Deposits by Counterparty Credit Rating	The table below analyses the Group’s short-term deposits, money market funds and repurchase agreement collateral classified as cash and cash equivalents by counterparty credit rating: 31 December 2024 AAA     $m AA+     $m AA     $m AA-     $m A+     $m A     $m A-     $m BBB+ and below     $m Total     $m Short-term deposits – – – 41 107 249 – 14 411 Money market funds 415 – – – – – – – 415 Repurchase agreement collateral 26 9 2 3 – – – – 40 31 December 2023 AAA      $m AA+     $m AA     $m AA-     $m A+     $m A     $m A-     $m BBB+ and below     $m Total      $m Short-term deposits – – – 129 147 258 77 21 632 Money market funds 375 – – – – – – – 375 Repurchase agreement collateral 110 6 – 20 – – – – 136

Classification and measuremen_2

Classification and measurement of financial instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Carrying Amounts and Fair Values of Financial Assets and Liabilities	Accounting classification and fair value hierarchy 2024 2023 Hierarchy  of fair value  measurement  Fair value     $m a Amortised cost      $m Not categorised as a financial instrument     $m Total     $m Fair value    $m a Amortised cost     $m Not categorised as a financial instrument     $m Total     $m Financial assets Other financial assets 1,3 b 169 50 – 219 124 68 – 192 Cash and cash 1   415 593 – 1,008 375 947 – 1,322 Derivative financial instruments 2   4 – – 4 20 – – 20 Deferred compensation 1   286 – – 286 250 – – 250 Trade and other receivables –   – 697 123 820 – 651 102 753 Financial liabilities Derivative financial instruments 2   (78 ) – – (78 ) (25 ) – – (25 ) Deferred compensation 1   (286 ) – – (286 ) (250 ) – – (250 ) Loans and other –   – (3,274 ) – (3,274 ) – (3,166 ) – (3,166 ) Trade and other payables 3   (73 ) (594 ) (61 ) (728 ) (69 ) (670 ) (47 ) (786 ) a. With the exception of equity securities of $89m (2023: $87m) measured at fair value through other comprehensive income, all are measured at fair value through profit or loss. Of those, the financial assets related to the deferred compensation plan investments were designated as such upon initial recognition. b. Of those measured at fair value, $43m (2023: $14m) are Level 1 and $126m (2023: $110m) are Level 3.
Summary of Fair Value Measurement Hierarchy of Assets and Liabilities	Financial assets and liabilities measured at amortised cost whose carrying amount is not a reasonable approximation of fair value are as follows: 2024 2023 Hierarchy of   Carrying value   Fair value Carrying value   Fair value measurement $m $m $m $m € 1 – – 555 545 £300m 3.75% bonds 2025 1 381 373 387 373 £350m 2.125% bonds 2026 1 441 418 449 416 € 1 526 513 559 535 £400m 3.375% bonds 2028 1 502 471 509 476 € 1 623 658 663 689 € 1 784 786 – –
Summary of Reconciliation of Movements in the Fair Values of Financial Instruments Classified as Level 3	Other    financial assets $m Other   payables $m Contingent purchase consideration $m At 1 January 2023 103 (18 ) (65 ) Valuation losses recognised in other comprehensive income (2 ) – – Additions 8 – – Unrealised changes in fair value a – 18 (4 ) Exchange and other adjustments 1 – – At 31 December 2023 110 – (69 ) Additions 20 – – Unrealised changes in fair value – – (4 ) Repayments and disposals (4 ) – – At 31 December 2024 126 – (73 ) a. The change in the fair value of other payables was recognised within share of profits/(losses) from associates and joint ventures in the Group income statement and was presented as an exceptional item (see note 6).

Reconciliation of profit for _2

Reconciliation of profit for the year to cash flow from operations (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Reconciliation of Profit for the Year to Cash Flow From Operations	2024     2023     2022 Profit for the year 628 750 376 Adjustments for: Net financial expenses 140 52 96 Fair value losses/(gains) on contingent purchase consideration 4 4 (8 ) Income tax charge 269 260 164 Operating profit adjustments: Impairment loss/ 10 (1 ) 5 Other net impairment (reversals)/charges – – (5 ) Other operating exceptional items 12 (28 ) 100 Depreciation and amortisation 65 67 68 87 38 168 Contract assets deduction in revenue 43 37 32 Share-based payments cost 44 36 30 Share of profits of associates and joint ventures (before exceptional items) (10 ) (13 ) (1 ) 77 60 61 System Fund adjustments: Depreciation and amortisation 80 83 86 Impairment loss on financial assets 9 – 7 Other impairment charges 3 – – Share-based payments cost 23 20 16 Share of losses of associates 2 3 1 117 106 110 Working capital and other adjustments: Increase in deferred revenue 214 123 108 Increase in trade and other receivables (106 ) (70 ) (132 ) (Decrease)/increase (45 ) 31 121 Other adjustments (7 ) (5 ) 4 56 79 101 Cash flows relating to exceptional items 8 (29 ) (43 ) Contract acquisition costs, net of repayments (237 ) (101 ) (64 ) Total adjustments 521 469 585 Cash flow from operations 1,149 1,219 961

Retirement benefits (Tables)

Retirement benefits (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure of defined benefit plans [abstract]
Defined Benefit Plan	Movement in retirement benefit obligations 2024 $m 2023 $m 2022 $m At 1 January 66 66 92 Recognised in profit or loss Interest expense 5 3 2 5 3 2 Recognised in other comprehensive income Actuarial (gain)/ Demographic assumptions – (1 ) (1 ) Financial assumptions (3 ) 2 (22 ) Experience adjustments (1 ) 1 2 Re-measurement (gain)/ (4 ) 2 (21 ) Exchange and other adjustments 7 – (2 ) 3 2 (23 ) Other Group contributions (6 ) (5 ) (5 ) (6 ) (5 ) (5 ) At 31 December 68 66 66 Comprising: UK plan 17 19 18 US plans 31 34 35 US post-retirement plan 13 13 13 Other post-employment benefit plans 7 – –     68     66    66
Summary of Principal Financial Assumptions Used to Determine Benefit Obligations	The principal financial assumptions used by the actuaries to determine the defined benefit obligations are: 2024 % 2023 % 2022 % UK plan only: Pension increases 3.2 3.1 3.2 Inflation rate 3.2 3.1 3.2 Discount rate: UK plan 5.6 4.8 5.0 US plans 5.3 4.7 4.9 US post-retirement plan 5.3 4.7 4.9 US healthcare cost trend rate assumed for the next year: Pre-65 5 8.6 7.8 6.9 Post-65 5 9.7 8.6 7.3 Ultimate rate that the cost rate trends to    4.5    4.5    4.5
Defined Benefit Plans - Life Expectancy Assumptions at Retirement Age	The assumptions applied to the UK plan and US plans for life expectancy at retirement age are as follows: UK US 2024 years 2023 years 2022 years 2024 years 2023 years 2022 years Current pensioners at 65 a 23 23 24 22 22 22              – female 25 25 26 23 23 23 Future pensioners at 65 b 23 23 25 23 23 23              – female       25       25       27       25       25       25 a. Relates to assumptions based on longevity following retirement at the end of the reporting period. b. Relates to assumptions based on longevity relating to an employee retiring in 2044
Defined Benefit Plans - Sensitivity Analysis of Actuarial Assumptions	The sensitivity analysis below relates to the increase/(decrease) in the benefit obligation and is based on extrapolating reasonable changes in these assumptions, using year-end    2024 $m    2023 $m Discount rate 1% decrease 5 6 1% increase (5 ) (6 ) Inflation rate 0.25% decrease (1 ) (1 ) 0.25% increase – 1 Mortality rate One-year increase 2 3 Healthcare costs trend rate 1% decrease (1 ) (1 ) 1% increase 1 1
Summary of Estimated Future Benefit Payments	Estimated future benefit payments    2024 $m    2023 $m Within one year 5 5 Between one and five years 20 21 More than five years 81 86 106 112 Average duration of pension obligations    2024 years       2023 years UK plan 12.0 13.0 US plans 7.1 7.5 US post-retirement plan 7.4 8.0

Share-based payments (Tables)

Share-based payments (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Cost Related to Share-Based Payment Transactions	2024 $m 2023 $m 2022 $m Equity-settled Operating profit before System Fund, reimbursables and exceptional items 37 31 28 System Fund 23 20 16 60 51 44 Cash-settled Operating profit before System Fund, reimbursables and exceptional items 7 5 2    67    56    46
Summary of Information about Awards Granted	a. The expected volatility was determined by calculating the historical volatility of the Company’s share price corresponding to the expected life of the share award.
Summary of Movements in Awards Outstanding Under the Schemes	APP/DAP LTIP/DAP Number of share awards (thousands)    Deferred shares/ one-off    Performance-related    Restricted stock Outstanding at 1 January 2022 348 872 1,350 Granted 236 323 706 Vested (254 ) (23 ) (391 ) Lapsed or cancelled (9 ) (239 ) (90 ) Outstanding at 31 December 2022 321 933 1,575 Granted 214 329 683 Vested (186 ) (180 ) (533 ) Lapsed or cancelled (17 ) (246 ) (63 ) Outstanding at 31 December 2023 332 836 1,662 Granted 104 279 495 Vested (44 ) (136 ) (402 ) Lapsed or cancelled (6 ) (148 ) (106 ) Outstanding at 31 December 2024 386 831 1,649 Fair value of awards granted during the year (cents) 2024 10,837.6 5,812.6 10,302.3 2023 6,926.4 3,169.7 6,351.0 2022 6,180.2 3,770.0 5,656.4 Weighted average remaining contract life (years) At 31 December 2024 0.9 1.1 1.1 At 31 December 2023 1.5 1.3 1.3 At 31 December 2022 1.0 1.1 1.2

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Equity Share Capital	Equity share capital Allotted, called up and fully paid Number Nominal Share Equity At 1 January 2022 (ordinary shares of 20 340 399 187 53 101 154 Repurchased and cancelled under share repurchase programme (4 ) (1 ) – (1 ) Exchange adjustments – (6 ) (10 ) (16 ) At 31 December 2022 (ordinary shares of 20 340 399 183 46 91 137 Repurchased and cancelled under share repurchase programme (11 ) (3 ) – (3 ) Exchange adjustments – 3 4 7 At 31 December 2023 (ordinary shares of 20 340 399 172 46 95 141 Repurchased and cancelled under share repurchase programme (7 ) (2 ) – (2 ) Exchange adjustments – (1 ) (1 ) (2 ) At 31 December 2024 (ordinary shares of 20 340 399    165    43    94    137
Summary of Shares Held By Employee Share Trusts	Shares held by employee share trusts   Number of Carrying value   Market value 31 December 2024 1.2 63.0 144.9 31 December 2023 0.8 35.0 73.6 31 December 2022 1.1 37.0 62.8
Treasury shares	Treasury shares   Number of millions   Nominal $m At 1 January 2022 3.7 1.0 Transferred to employee share trusts (0.7 ) (0.2 ) Repurchased under share repurchase programme 4.5 1.1 At 31 December 2022 7.5 1.9 Transferred to employee share trusts (0.5 ) (0.1 ) Exchange adjustments – 0.1 At 31 December 2023 7.0 1.9 Transferred to employee share trusts (0.8 ) (0.2 ) Exchange adjustments – (0.1 ) At 31 December 2024 6.2 1.6
Summary of Cash Flow Hedge Reserves	Cash flow hedge reserves   Cash flow $m   Cost of $m     Total At 1 January 2022 16 (11 ) 5 Costs of hedging deferred and recognised in other comprehensive income – 3 3 Change in fair value of currency swaps recognised in other comprehensive income 33 – 33 Reclassified from other comprehensive income to profit or loss – included in financial expenses (43 ) – (43 ) Deferred tax 2 – 2 At 31 December 2022 8 (8 ) – Change in fair value of currency swaps recognised in other comprehensive income (30 ) – (30 ) Reclassified from other comprehensive income to profit or loss – included in financial expenses 28 – 28 At 31 December 2023 6 (8 ) (2 ) Costs of hedging deferred and recognised in other comprehensive income – (11 ) (11 ) Change in fair value of currency swaps recognised in other comprehensive income (113 ) – (113 ) Reclassified from other comprehensive income to profit or loss – included in financial expenses 165 – 165 Deferred tax (11 ) – (11 ) At 31 December 2024 47 (19 ) 28

Related party disclosures (Tabl

Related party disclosures (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of Total Compensation of Key Management Personnel	Key management personnel Total compensation     2024     2023    2022 Short-term employment benefits 20.1 18.6 18.7 Contributions to defined contribution pension plans 0.4 0.5 0.5 Equity compensation benefits a 16.4 15.8 13.4 36.9 34.9 32.6 a. As measured in accordance with IFRS 2 ‘Share-based Payment’.
Summary of Related Party Disclosures for Associates and Joint Ventures	Associates and joint ventures     2024     2023    2022 Fee revenue 12 11 9 Amounts receivable (net) 41 19 10 Amounts payable – (10 ) –

System Fund and reimbursables (

System Fund and reimbursables (Tables)	12 Months Ended
	Dec. 31, 2024
Disclosure [Abstract]
Summary of System Fund and Reimbursable Revenues and Expenses	System Fund and reimbursable revenues and expenses comprise:      2024       2023      2022 System Fund revenues 1,611 1,564 1,217 Reimbursable revenues 1,000 896 832 System Fund and reimbursable revenues 2,611 2,460 2,049 System Fund expenses (1,694 ) (1,545 ) (1,322 ) Reimbursable expenses (1,000 ) (896 ) (832 ) System Fund and reimbursable expenses (2,694 ) (2,441 ) (2,154 )
Summary of System Fund Revenues	System Fund revenues include:      2024       2023       2022  Loyalty programme revenues, net of the cost of point redemptions 355   379   228   Marketing, reservation and other hotel fees  1,256   1,185  989
Summary of System Fund Expenses	System Fund expenses include:       2024      2023       2022  Marketing 520 498  408  Staff costs 436 399  341  Depreciation and amortisation 80 83  86  Impairment loss on trade receivables (note 16) 9 –  7  Other net impairment charges (note 11) 3 –  –

Group companies (Tables)

Group companies (Tables)	12 Months Ended
	Dec. 31, 2024
Investments accounted for using equity method [abstract]
Summary of Investment in Subsidiaries	Fully owned subsidiaries 10000 Champion Acquisition LLC (k) 24th Street JV Development LLC (k) 24th Street Operator Sub, LLC (k) 2250 Blake Street Hotel, LLC (k) 36th Street IHG Sub, LLC (k) 426 Main Ave, LLC (k) 46 Nevins Street Associates, LLC (k) Alpha Kimball Hotel, LLC (k) Asia Pacific Holdings Limited (n) Barclay Operating Corp. (k) BHMC Canada Inc. (o) BHR Holdings B.V. (p) BHR Pacific Holdings, Inc. (k) BHTC Canada Inc. (o) Blythswood Square Glasgow Hotel OpCo Limited (n) BOC Barclay Sub LLC (k) Bristol Oakbrook Tenant Company (k) Cambridge Lodging LLC (k) Capital Lodging LLC (k) CECNY Land Holdings LLC (k) CF Irving Owner, LLC (k) CF McKinney Owner, LLC (k) Compañia Inter-Continental De Hoteles El Salvador SA (n) Crowne Plaza, LLC (k) Cumberland Akers Hotel, LLC (k) Dunwoody Operations, LLC (k) Edinburgh George Street Hotel OpCo Limited (n) EVEN Real Estate Holding LLC (k) Grand Central Glasgow Hotel OpCo Limited (n) Guangzhou SC Hotels Services Ltd. (t) Hawthorne Land Holdings LLC (k) HC International Holdings, Inc. (k) HH France Holdings SAS (x) HH Hotels (EMEA) B.V. (p) HH Hotels (Romania) SRL (y) HIM (Aruba) NV (z) Hoft Properties LLC (k) Holiday Hospitality Franchising, LLC (k) Holiday Inn Mexicana S.A. (ab) Holiday Inns (China) Limited ( cu Holiday Inns (Courtalin) Holding SAS (x) Holiday Inns (Courtalin) SAS (x) Holiday Inns (Germany), LLC (k) Holiday Inns (Jamaica), Inc. (k) Holiday Inns (Middle East) Limited ( cu Holiday Inns (Philippines), Inc. (k) Holiday Inns (Saudi Arabia), Inc. (k) Holiday Inns (Thailand) Limited ( cu Holiday Inns (U.K.), Inc. (k) Holiday Inns Crowne Plaza (Hong Kong), Inc. (k) Holiday Inns Holdings (Australia) Pty Limited (aa) Holiday Inns, Inc. (k) Holiday Inns of Belgium N.V. (ad) Holiday Pacific Equity Corporation (k) Holiday Pacific Limited Liability Company (k) Holiday Pacific Partners Limited Partnership (k) Hotel InterContinental London (Holdings) Limited (n) Hotel Inter-Continental London Limited (n) Hoteles Y Turismo HIH SRL (n) IC Hotelbetriebsführungs GmbH (ae) IC Hotels Management (Portugal) Unipessoal, Lda (af) IC International Hotels Limited Liability Company (ag) IHC Arabia for Management, LLC (u) IHC Hopkins (Holdings) Corp. (k) IHC Hotel Limited (n) IHC Hotel Management (EGY) LLC ( ac IHC London (Holdings) (s) IHC May Fair Hotel Limited (n) IHC M-H IHC Overseas (U.K.) Limited (n) IHC Willard (Holdings) Corp. (k) IHG (Dominica) Ltd. (bk) IHG (Marseille) SAS (x) IHG (Myanmar) Limited (ah) IHG (Thailand) Limited (bu) IHG Bangkok Ltd. (v) IHG Brasil Administracao de Hoteis e Servicos Ltda (ak) IHG Commissions Services SRL (co) IHG de Argentina SA (al) IHG ECS (Barbados) SRL (co) IHG Finance LLC (k) IHG Franchising Brasil Ltda. (bd) IHG Franchising DR Corporation (k) IHG Franchising, LLC (k) IHG Honduras S. de R.L. ( cq IHG Hotels (New Zealand) Limited (an) IHG Hotels Limited (n) IHG Hotels Management (Australia) Pty Limited (aa) IHG Hotels Nigeria Limited (ao) IHG Hotels South Africa (Pty) Limited (ap) IHG International Partnership (n) IHG Istanbul Otel Yönetim Limited Sirketi (bx) IHG Japan (Management), LLC (ar) IHG Japan (Osaka), LLC (ar) IHG Korea IHG Management (Maryland), LLC (k) IHG Management (Netherlands) B.V. (p) IHG Management d.o.o. Beograd (cc) IHG Management MD Barclay Sub, LLC (k) IHG Management SL d.o.o. (bo) IHG Mexico Operaciones SA de CV (ab) IHG Middle East Management Consultancies LLC (br) IHG Peru SRL (cf) IHG PS Nominees Limited (n) IHG Systems Pty Ltd. (aa) IHG Szalloda Budapest Szolgaltato Kft. (at) IHG Technology Solutions, LLC (k) IHG Universal Blvd Member LLC (k) InterContinental Berlin Service Company GmbH (au) InterContinental (PB) 1 (n) InterContinental (PB) 3 Limited (n) Intercontinental D.C. Operating Corp. (k) Inter-Continental Florida Partner Corp. (k) InterContinental Gestion Hotelera SLU (by) InterContinental Hotel Berlin GmbH (au) Inter-Continental Hoteleira Limitada (aw) Inter-Continental Hotels (Montreal) Operating Corp. (ax) InterContinental Hotels (Puerto Rico) Inc. (az) Inter-Continental Hotels Corporation (k) Intercontinental Hotels Corporation Limited (m) InterContinental Hotels Group (Asia Pacific) Pte Ltd. (ai) InterContinental Hotels Group (Australia) Pty Limited (aa) InterContinental Hotels Group (Canada), Inc. (o) InterContinental Hotels Group (Greater China) Limited ( cu InterContinental Hotels Group (India) Private Limited (aq) InterContinental Hotels Group (Japan), Inc. (k) InterContinental Hotels Group (New Zealand) Limited (an) InterContinental Hotels Group (Shanghai) Ltd. (bb) InterContinental Hotels Group (Vietnam) Company Limited (q) InterContinental Hotels Group Customer Services Limited (s) InterContinental Hotels Group do Brasil Limitada (bc) InterContinental Hotels Group Healthcare Trustee Limited (n) InterContinental Hotels Group Operating Corp. (e) (k) InterContinental Hotels Group Resources, LLC (k) InterContinental Hotels Group Services Company (n) InterContinental Hotels Italia, S.r.L. (be) InterContinental Hotels Limited (a) (n) InterContinental Hotels Managementgesellschaft mbH (bf) InterContinental Hotels Management Montenegro d.o.o. (ce) InterContinental Hotels Nevada Corporation (k) InterContinental Hotels of San Francisco, Inc. (k) Intercontinental IOHC (Mauritius) Limited (bg) InterContinental Management AM, LLC (cm) InterContinental Management Bulgaria EOOD (bp) InterContinental Management France SAS (x) InterContinental Management Poland sp. z.o.o. (cn) InterContinental Overseas Holdings, LLC (k) KG Benefits, LLC (k) KG Gift Card Inc. (k) KG Liability LLC (k) KG Technology, LLC (k) KHRG 851 LLC (k) KHRG Aertson LLC (k) KHRG Allegro, LLC (k) KHRG Argyle, LLC (k) KHRG Atlanta Midtown LLC (k) KHRG Austin Beverage Company, LLC (k) KHRG Baltimore, LLC (k) KHRG Born LLC (k) KHRG Boston Hotel, LLC (k) KHRG Bozeman LLC (k) KHRG Buckhead LLC (k) KHRG Canary LLC (k) KHRG Cayman LLC (k) KHRG Cayman Employer Ltd. (cl) KHRG Charlottesville LLC (k) KHRG Dallas LLC (k) KHRG Dallas Beverage Company, LLC (k) KHRG Employer, LLC (k) KHRG Gray LLC (k) KHRG Gray U2 LLC (k) KHRG Huntington Beach LLC (k) KHRG Key West LLC (k) KHRG King Street, LLC (k) KHRG La Peer LLC (k) KHRG Miami Beach LLC (k) KHRG New Orleans LLC (k) KHRG NPC LLC (k) KHRG Palladian LLC (k) KHRG Palomar Phoenix LLC (k) KHRG Philly Monaco LLC (k) KHRG Porsche Drive LLC (k) KHRG Reynolds LLC (k) KHRG Riverplace LLC (k) KHRG Sacramento LLC (k) KHRG Schofield LLC (k) KHRG SFD LLC (k) KHRG SF Wharf LLC (k) KHRG SF Wharf U2 LLC (k) KHRG South Beach LLC (k) KHRG State Street LLC (k) KHRG Sutter LLC (k) KHRG Sutter Union LLC (k) KHRG Taconic LLC (k) KHRG Tariff LLC (k) KHRG Texas Hospitality, LLC (k) KHRG Texas Operations, LLC (k) KHRG Tryon LLC (k) KHRG Vero Beach, LLC (k) KHRG Vintage Park LLC (k) KHRG Wabash LLC (k) KHRG Westwood, LLC (k) KHRG Wilshire LLC (k) Kimpton Hollywood Licenses LLC (k) Kimpton Hotel & Restaurant Group, LLC (k) Kimpton Hotel Frankfurt GmbH (bf) Kimpton Phoenix Licenses Holdings LLC (k) Louisiana Acquisitions Corp. (k) Luxury Resorts and Spas (France) SAS (ck) Manchester Oxford Street Hotel OpCo Limited (n) Mercer Fairview Holdings LLC (k) Met Leeds Hotel OpCo Limited (s) MH Lodging LLC (k) Oxford Spires Hotel OpCo Limited (n) Oxford Thames Hotel OpCo Limited (n) PML Services LLC (k) Pollstrong Limited (n) Powell Pine, Inc. (k) Priscilla Holiday of Texas, Inc. (k) Project Capital Lending LLC (k) PT Regent Indonesia (bh) PT SC Hotels & Resorts Indonesia (bh) Raison d’Etre Holdings (BVI) Limited (v) Raison d’Etre Spas, Sweden AB (av) Ravinia Republica Dominicana SRL ( cs Regent Asia Pacific Hotel Management Limited (bw) Regent Asia Pacific Management Limited (cp) Regent Berlin GmbH (bf) Regent International Hotels Ltd (bw) Roxburghe Hotel Edinburgh OpCo Limited (n) Russell London Hotel OpCo Limited (n) SBS Maryland Beverage Company LLC (k) SC Leisure Group Limited (n) SC NAS 2 Limited (s) SC Quest Limited (s) SC Reservations (Philippines) Inc. (k) SCH Insurance Company (bi) Semiramis for training of Hotel Personnel and Hotel Management SAE (ch) Six Continents Holdings Limited (n) Six Continents Hotels Belize Limited (cb) Six Continents Hotels de Colombia SA (bj) Six Continents Hotels International Limited (n) Six Continents Hotels, Inc. (k) Six Continents International Holdings B.V. (p) Six Continents Investments Limited (f) (n) Six Continents Limited (n) Six Continents Overseas Holdings Limited (n) SixCo North America, Inc. (k) Six Senses Americas IP, LLC (k) Six Senses North America Management, LLC (k) SLC Sustainable Luxury Cyprus Limited ( cr SPHC Management Ltd. (bq) SS Aetna Acquisition, LLC (k) St. David’s Cardiff Hotel OpCo Limited (n) Sustainable Luxury Holdings (BVI) Limited (v) Sustainable Luxury Lanka Private Ltd. (ci) Sustainable Luxury Maldives Private Limited (w) Sustainable Luxury Mauritius Limited (as) Sustainable Luxury Services (BVI) Limited (v) Sustainable Luxury Singapore Private Limited (ai) Sustainable Luxury UK Limited (n) Wotton House Hotel OpCo Limited (s) WY BLL Owner, LLC (k) York Station Road Hotel OpCo Limited (s) Subsidiaries where the effective interest is less than 100% IHG ANA Hotels Group Japan LLC (74.66%) (ar) IHG ANA Hotels Holdings Co., Ltd. (66%) (ar) Regent Hospitality Worldwide, Inc. (51%) (bt) Sustainable Luxury Holding (Thailand) Limited (49%) ( c Sustainable c Sustainable Luxury Management (Thailand) Limited (73.99%) ( c Sustainable Luxury Operations (Thailand) Limited (99.9998%) (j) (aj) Universal de Hoteles SA (99.99%) (j) (bj) Key a) Directly owned by InterContinental Hotels Group PLC b) 8% cumulative preference shares c) Ordinary A and ordinary B shares d) 12.5% cumulative preference shares e) 1 4 f) Ordinary shares, 5% cumulative preference shares and 7% cumulative preference shares g) The entities do not have share capital and are governed by an operating agreement h) Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement i) Accounted for as an other financial asset due to IHG being unable to exercise significant influence over the financial and operating policy decisions of the entity j) Minority interest relates to one or more individual shareholders who are employed or were previously employed by the entity Registered addresses (k) Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA (l) 251 Little Falls Drive, Suite 400, Wilmington, New Castle County, DE19808, USA (m) Clarendon House, 2 Church Street, Hamilton HM11, Bermuda (n) 1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK (o) 333 Bay Street, Suite 400, Toronto M5H 2R2, Ontario, Canada (p) Kingsfordweg 151, 1043 GR Amsterdam, The Netherlands (q) Room No. 23, Floor 16, Saigon Tower Building, 29 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam (r) The Corporation Trust Centre, 1209 Orange Street, Wilmington, DE 19801, USA (s) c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK (t) Building 4, No 13 Xiao Gang Zhong Ma Road, Zhuhai District, Guangzhou, Guangdong, P.R. China (u) Building 7229, Al Aqeeq District, Riyadh 13519, Saudi Arabia (v) Flemming House, Wickhams Cay, P.O. Box 662, Road Town, Tortola VG1110, British Virgin Islands (w) c/o Premier Corporate Services Limited, 3B, MA. Maadheli, Majeedhee Magu, Male, Republic of Maldives (x) 31–33 rue Mogador, 75009 Paris, France (y) Bucharest, 2nd District, 2 Gara Herăstrău Street, 2nd floor, module 33, Romania (z) J E Irausquin Boulevard 93, 1Eagle/ Paardenbaai, Oranjestad West, Aruba (aa) Level 11, 20 Bond Street, Sydney NSW 2000, Australia (ab) Ontario # 1050, Col. Providencia, Guadalajara, Jalisco CP44630, Mexico (ac) Administrative unit no. 8, the ground floor of the building F1, El Emdad and El Tamween Street, Nasr City, Cairo, the Arab Republic of Egypt (ad) Rond-Point Robert Schuman 11, 1040 Brussels, Belgium (ae) QBC 4 – Am Belvedere 4, 1100, Vienna, Austria (af) Avenida da Republica, no 52 – 9, 1069 – 211, Lisbon, Portugal (ag) Room 60, Section 11 Floor 3 Premises I, Building 1, House 125, Varshavskoye shosse Str, Vn.Ter.G. Municipal District Severnoye Chertanovo, Moscow City, 117587, Russia (ah) No. 84, Pan Haliain Street, Unit #1, Level 8, Uniteam Marine Office Building, Sanchuang Township, Yangon, Myanmar (ai) 230 Victoria Street, #13-00 (aj) 57, 9th Floor, Park Ventures Ecoplex, Unit 902–904, Wireless Road, Limpini, Pathum Wan Bangkok 103330, Thailand (ak) Alameda Jau 536, Suite 3S-B, 01420-000 (al) Avenida Cordoba 1547, piso 8, oficina A, 1055 Buenos Aires, Argentina (am) The Phoenix Centre, George Street, Belleville St. Michael, Barbados (an) Level 10, 55 Shortland Street, Auckland Central, Auckland 1010, New Zealand (ao) 1, Murtala Muhammed Drive, Ikoyi, Lagos, Nigeria (ap) Central Office Park Unit 4, 257 Jean Avenue, Centurion 0157, South Africa (aq) 11th Floor, Building No. 10, Tower C, DLF Phase-II, (ar) 20th Floor, Toranomon Kotoshira Tower, 2–8, Toranomon 1-chom, Minato-ku, 105-0001, (as) Venture Corporate Services (Mauritius) Ltd, Level 3, Tower 1, Nexteracom Towers, Cybercity, Ebene, Mauritius (at) 1103 Budapest, Köér utca 2/A. C. ép., Hungary (au) Budapester Str. 2, 10787 Berlin, Germany (av) Grevgatan 15, 11453 Stockholm, Sweden (aw) Alameda Jau 536, Suite 3S-E, 01420-000 (ax) 1980 Pérodeau Street, Vaudreuil-Dorion, J7V 8P7, Quebec, Canada (ay) 168 Robinson Road, #16–01 SIF Building, 068899, Singapore (az) 361 San Francisco Street Penthouse, San Juan, PR 00901, Puerto Rico (ba) Hotel Tamanaco Inter-Continental, Final Av. Ppal, Mercedes, Caracas, Venezuela (bb) 22/F Citigroup Tower, No. 33 Huayanshiqiao Road, Lujiazui, Pudong New Area, 200120, Shanghai, P.R. China (bc) Alameda Jau 536, Suite 3S-C, 01420-000 (bd) Alameda Jau 536, Suite 3S-D, 01420-000 (be) Viale Monte Nero n.84, 20135 Milano, Italy (bf) Thurn-und-Taxis-Platz (bg) Juris Tax Services Ltd. Level 12, NeX Teracom Tower II, Ebene, Mauritius (bh) Menara Imperium 22nd Floor, Suite D, JI. HR. Rasuna Said Kav.1, Guntur Sub-district, (bi) Primmer Piper Eggleston & Cramer PC, 30 Main St., Suite 500, P.O. Box 1489, Burlington, VT 05402-1489, USA (bj) Calle 49, Sur 45 A 300, Oficina 1102, 055422 Envigado, Antioquia, Colombia (bk) 10 Kings Lane, Roseau, Dominica (bl) No. 56 Moo 5, Tambol Koh Yao Noi, Amphur Ko Yao, Pang-nga Province 82160, Thailand (bm) Room 311, Building 1, No. 6 East Wen Hua Yuan Road, Beijing Economy and Technology Development Zone, Beijing, P.R. China (bn) Room N306, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China (bo) Cesta v Mestni log 1, 1000 Ljubljana, Slovenia (bp) 37A Professor Fridtjof Nansen Street, 5th Floor, District Sredets, Sofia, 1142, Bulgaria (bq) C/o Holiday Inn & Suites, Cnr Waigani Drive & Wards Road, Port Moresby, National Capital District, Papua New Guinea (br) Suite 2201, Festival Tower, Dubai Festival City, Al Rebbat St., P.O. Box 58191, Dubai, United Arab Emirates (bs) Madinah Road, Jeddah, P.O Box 9456, Post Code 21413, Jeddah, Saudi Arabia (bt) Maples Corporate Services Ltd. – PO Box 309, Ugland House, Grand Cayman – KY-1104, (bu) 971, 973 Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330, Thailand (bv) Room R316, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China (bw) 14th Floor, South China Building, 1–3 Wyndham Street, Hong Kong, SAR (bx) Maslak Mah. Eski Büyükdere Cad. Orjin Maslak İŞ, Merkezi Sitesi No: 27 IC KapiI No: 4 Sariyer/Istanbul, Turkey (by) Paseo de Recoletos 37 – 41, 28004 Madrid, Spain (bz) B-11515 (ca) Carr Hospitality, LLC, 1455 Pennsylvania Avenue, NW, Suite 200, Washington, DC 20004, USA (cb) 84 Albert Street, Belize City, Belize, C.A. (cc) Krunska 73, 3rd floor, office no.3, Vračar, 11000 Belgrade, Serbia (cd) Moreno 809 2 Piso, C1091AAQ Buenos Aires, Argentina (ce) Bulevar Svetog Petra Cetinjskog 149 – 81000 Podgorica, Montenegro (cf) Bernard Monteagudo 201, 15076, Lima, Peru (cg) Avenida Ejercito Nacional Mexicano No. 769, Torre B Piso 8, Granada, Miguel Hidalgo, Ciudad de Mexico, CP 11520, Mexico (ch) Ground Floor, Al Kamel Law Building, Plot 52-b, (ci) Shop No. L3–6, Amity Building, No. 125 High Level Road, Maharagama, Colombo, Sri Lanka (cj) Units 3082, 30th Floor,aYeongdong-daero, Gangnam-gu, Seoul, Republic of Korea (ck) 291 Rue des Tovets, Courchével 1850, 73120, Courchével, France (cl) PO Box 309, Ugland House, Grand Cayman, KY1-1104, (cm) 23/6 D, Anhaght Str., Yerevan, 0069, Armenia (cn) Generation Park Z – ul. Towarowa 28, 00-839 (co) Suite 1, Ground Floor, The Financial Services Centre, Bishops Court Hill, St. Michael, BB14004, Barbados (cp) Brumby Centre, Lot 42, Jalan Muhibbah, 87000 Labuan F.T., Malaysia (cq) Blvd, Morazan, Centro Comercial El Dorado, 6th Floor, Tegucigalpa, Honduras (cr) ATS Services Limited, Capital Center, 9th Floor, 2–4 Arch, Makarios III Ave., 1065 Nicosia, Cyprus (cs) Max Henriquez Ureña N° 11, Ensanche Naco, Santo Domingo de Guzman, Distrito Nacional, Santo Domingo (ct) Harvard Business Services, Inc. 16192 Coastal Hwy, Lewes, Delaware 19958, USA (cu) Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Summary of Investment in Associates	Associates, joint ventures and other 111 East 48th Street Holdings LLC (19.9%) (g) (h) (k) 131 West 23rd Owner, LLC (0%) ( b) (ct Alkoer, Sociedad de Responsabilidad Limitada de Capital Variable (50%) (h) (cg) ASR-JV LLC Beijing Orient Express Hotel Co., Ltd. (16.25%) (bm) Blue Blood (Tianjin) Equity Investment Management Co., Limited (30.05%) (bn) Carr SWW Subventure, LLC (26.67%) (g) (ca) Carr Waterfront Hotel, LLC (11.73%) (g) (h) (ca) China Hotel Investment Ltd. (30.05%) (i) (am) Desarrollo Alkoer Irapuato S. de R.L. de C.V. (50%) (cg) Desarrollo Alkoer Saltillo S. de R.L. de C.V. (50%) (cg) Desarrollo Alkoer Silao S. de R.L. de C.V. (50%) (cg) EDG Alpharetta EH, LLC (0%) ( b Gestion Hotelera Gestel, C.A. (50%) (c) (h) (ba) Groups360, LLC (12.02%) (h) (l) Inter-Continental Hotels Saudi Arabia Ltd. (40%) (bs) NF III Seattle, LLC (25%) (g) (r) NF III Seattle Op Co, LLC (25%) (g) (r) Nuevas Fronteras S.A. (23.66%) (cd) President Hotel & Tower Co Ltd. (30%) (bu) Sustainable Luxury Gravity Global Private Limited (51%) (h) (bz) SURF-Samui Pte. Ltd. (49%) (ay) Tianjin ICBCI IHG Equity Investment Fund Management Co., Limited (21.04%) (bv) Universal Blvd Hotel Venture LLC (25%) (k)       Key a) Directly owned by InterContinental Hotels Group PLC b) 8% cumulative preference shares c) Ordinary A and ordinary B shares d) 12.5% cumulative preference shares e) 1 4 f) Ordinary shares, 5% cumulative preference shares and 7% cumulative preference shares g) The entities do not have share capital and are governed by an operating agreement h) Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement i) Accounted for as an other financial asset due to IHG being unable to exercise significant influence over the financial and operating policy decisions of the entity j) Minority interest relates to one or more individual shareholders who are employed or were previously employed by the entity Registered addresses (k) Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA (l) 251 Little Falls Drive, Suite 400, Wilmington, New Castle County, DE19808, USA (m) Clarendon House, 2 Church Street, Hamilton HM11, Bermuda (n) 1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK (o) 333 Bay Street, Suite 400, Toronto M5H 2R2, Ontario, Canada (p) Kingsfordweg 151, 1043 GR Amsterdam, The Netherlands (q) Room No. 23, Floor 16, Saigon Tower Building, 29 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam (r) The Corporation Trust Centre, 1209 Orange Street, Wilmington, DE 19801, USA (s) c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK (t) Building 4, No 13 Xiao Gang Zhong Ma Road, Zhuhai District, Guangzhou, Guangdong, P.R. China (u) Building 7229, Al Aqeeq District, Riyadh 13519, Saudi Arabia (v) Flemming House, Wickhams Cay, P.O. Box 662, Road Town, Tortola VG1110, British Virgin Islands (w) c/o Premier Corporate Services Limited, 3B, MA. Maadheli, Majeedhee Magu, Male, Republic of Maldives (x) 31–33 rue Mogador, 75009 Paris, France (y) Bucharest, 2nd District, 2 Gara Herăstrău Street, 2nd floor, module 33, Romania (z) J E Irausquin Boulevard 93, 1Eagle/ Paardenbaai, Oranjestad West, Aruba (aa) Level 11, 20 Bond Street, Sydney NSW 2000, Australia (ab) Ontario # 1050, Col. Providencia, Guadalajara, Jalisco CP44630, Mexico (ac) Administrative unit no. 8, the ground floor of the building F1, El Emdad and El Tamween Street, Nasr City, Cairo, the Arab Republic of Egypt (ad) Rond-Point Robert Schuman 11, 1040 Brussels, Belgium (ae) QBC 4 – Am Belvedere 4, 1100, Vienna, Austria (af) Avenida da Republica, no 52 – 9, 1069 – 211, Lisbon, Portugal (ag) Room 60, Section 11 Floor 3 Premises I, Building 1, House 125, Varshavskoye shosse Str, Vn.Ter.G. Municipal District Severnoye Chertanovo, Moscow City, 117587, Russia (ah) No. 84, Pan Haliain Street, Unit #1, Level 8, Uniteam Marine Office Building, Sanchuang Township, Yangon, Myanmar (ai) 230 Victoria Street, #13-00 (aj) 57, 9th Floor, Park Ventures Ecoplex, Unit 902–904, Wireless Road, Limpini, Pathum Wan Bangkok 103330, Thailand (ak) Alameda Jau 536, Suite 3S-B, 01420-000 (al) Avenida Cordoba 1547, piso 8, oficina A, 1055 Buenos Aires, Argentina (am) The Phoenix Centre, George Street, Belleville St. Michael, Barbados (an) Level 10, 55 Shortland Street, Auckland Central, Auckland 1010, New Zealand (ao) 1, Murtala Muhammed Drive, Ikoyi, Lagos, Nigeria (ap) Central Office Park Unit 4, 257 Jean Avenue, Centurion 0157, South Africa (aq) 11th Floor, Building No. 10, Tower C, DLF Phase-II, (ar) 20th Floor, Toranomon Kotoshira Tower, 2–8, Toranomon 1-chom, Minato-ku, 105-0001, (as) Venture Corporate Services (Mauritius) Ltd, Level 3, Tower 1, Nexteracom Towers, Cybercity, Ebene, Mauritius (at) 1103 Budapest, Köér utca 2/A. C. ép., Hungary (au) Budapester Str. 2, 10787 Berlin, Germany (av) Grevgatan 15, 11453 Stockholm, Sweden (aw) Alameda Jau 536, Suite 3S-E, 01420-000 (ax) 1980 Pérodeau Street, Vaudreuil-Dorion, J7V 8P7, Quebec, Canada (ay) 168 Robinson Road, #16–01 SIF Building, 068899, Singapore (az) 361 San Francisco Street Penthouse, San Juan, PR 00901, Puerto Rico (ba) Hotel Tamanaco Inter-Continental, Final Av. Ppal, Mercedes, Caracas, Venezuela (bb) 22/F Citigroup Tower, No. 33 Huayanshiqiao Road, Lujiazui, Pudong New Area, 200120, Shanghai, P.R. China (bc) Alameda Jau 536, Suite 3S-C, 01420-000 (bd) Alameda Jau 536, Suite 3S-D, 01420-000 (be) Viale Monte Nero n.84, 20135 Milano, Italy (bf) Thurn-und-Taxis-Platz (bg) Juris Tax Services Ltd. Level 12, NeX Teracom Tower II, Ebene, Mauritius (bh) Menara Imperium 22nd Floor, Suite D, JI. HR. Rasuna Said Kav.1, Guntur Sub-district, (bi) Primmer Piper Eggleston & Cramer PC, 30 Main St., Suite 500, P.O. Box 1489, Burlington, VT 05402-1489, USA (bj) Calle 49, Sur 45 A 300, Oficina 1102, 055422 Envigado, Antioquia, Colombia (bk) 10 Kings Lane, Roseau, Dominica (bl) No. 56 Moo 5, Tambol Koh Yao Noi, Amphur Ko Yao, Pang-nga Province 82160, Thailand (bm) Room 311, Building 1, No. 6 East Wen Hua Yuan Road, Beijing Economy and Technology Development Zone, Beijing, P.R. China     (bn) Room N306, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China (bo) Cesta v Mestni log 1, 1000 Ljubljana, Slovenia (bp) 37A Professor Fridtjof Nansen Street, 5th Floor, District Sredets, Sofia, 1142, Bulgaria (bq) C/o Holiday Inn & Suites, Cnr Waigani Drive & Wards Road, Port Moresby, National Capital District, Papua New Guinea (br) Suite 2201, Festival Tower, Dubai Festival City, Al Rebbat St., P.O. Box 58191, Dubai, United Arab Emirates (bs) Madinah Road, Jeddah, P.O Box 9456, Post Code 21413, Jeddah, Saudi Arabia (bt) Maples Corporate Services Ltd. – PO Box 309, Ugland House, Grand Cayman – KY-1104, (bu) 971, 973 Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330, Thailand (bv) Room R316, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China (bw) 14th Floor, South China Building, 1–3 Wyndham Street, Hong Kong, SAR (bx) Maslak Mah. Eski Büyükdere Cad. Orjin Maslak İŞ, Merkezi Sitesi No: 27 IC KapiI No: 4 Sariyer/Istanbul, Turkey (by) Paseo de Recoletos 37 – 41, 28004 Madrid, Spain (bz) B-11515 (ca) Carr Hospitality, LLC, 1455 Pennsylvania Avenue, NW, Suite 200, Washington, DC 20004, USA (cb) 84 Albert Street, Belize City, Belize, C.A. (cc) Krunska 73, 3rd floor, office no.3, Vračar, 11000 Belgrade, Serbia (cd) Moreno 809 2 Piso, C1091AAQ Buenos Aires, Argentina (ce) Bulevar Svetog Petra Cetinjskog 149 – 81000 Podgorica, Montenegro (cf) Bernard Monteagudo 201, 15076, Lima, Peru (cg) Avenida Ejercito Nacional Mexicano No. 769, Torre B Piso 8, Granada, Miguel Hidalgo, Ciudad de Mexico, CP 11520, Mexico (ch) Ground Floor, Al Kamel Law Building, Plot 52-b, (ci) Shop No. L3–6, Amity Building, No. 125 High Level Road, Maharagama, Colombo, Sri Lanka (cj) Units 3082, 30th Floor,aYeongdong-daero, Gangnam-gu, Seoul, Republic of Korea (ck) 291 Rue des Tovets, Courchével 1850, 73120, Courchével, France (cl) PO Box 309, Ugland House, Grand Cayman, KY1-1104, (cm) 23/6 D, Anhaght Str., Yerevan, 0069, Armenia (cn) Generation Park Z – ul. Towarowa 28, 00-839 (co) Suite 1, Ground Floor, The Financial Services Centre, Bishops Court Hill, St. Michael, BB14004, Barbados (cp) Brumby Centre, Lot 42, Jalan Muhibbah, 87000 Labuan F.T., Malaysia (cq) Blvd, Morazan, Centro Comercial El Dorado, 6th Floor, Tegucigalpa, Honduras (cr) ATS Services Limited, Capital Center, 9th Floor, 2–4 Arch, Makarios III Ave., 1065 Nicosia, Cyprus (cs) Max Henriquez Ureña N° 11, Ensanche Naco, Santo Domingo de Guzman, Distrito Nacional, Santo Domingo (ct) Harvard Business Services, Inc. 16192 Coastal Hwy, Lewes, Delaware 19958, USA (cu) Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong

Condensed parent company fina_2

Condensed parent company financial information (Tables)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Condensed Parent Company Statement of Profit/(Loss) and Other Comprehensive Income	Condensed statement of profit/(loss) and other comprehensive income of the Parent Company For the year ended 31 December 2024     2024 $m     2023 $m     2022 $m Administrative expenses (2 ) (2 ) (2 ) Operating loss (2 ) (2 ) (2 ) Dividend income from subsidiary undertaking 762 1,877 858 Financial income 30 30 4 Financial expenses (81 ) (77 ) (85 ) Profit before tax 709 1,828 775 Tax 16 16 21 Profit for the year 725 1,844 796 Other comprehensive income Items that may be subsequently reclassified to profit or loss: (Losses)/gains on cash flow hedges, including related tax charge of $2m (2023: $1m charge; 2022: $2m credit) (51 ) (36 ) 36 Costs of hedging 1 2 3 Hedging losses/(gains) reclassified to financial expenses 57 35 (43 ) Exchange (losses)/gains on translation (38 ) 119 (110 ) Total other comprehensive (loss)/income for the year (31 ) 120 (114 ) Total comprehensive income for the year 694 1,964 682 Total comprehensive income for the year is entirely attributable to the equity holders of the Parent Company.
Condensed Parent Company Statement of Financial Position	Condensed statement of financial position of the Parent Company 31 December 2024     2024 $m     2023 $m ASSETS Investments in subsidiary undertakings 4,077 4,113 Derivative financial instruments – 1 Deferred tax assets 53 55 Total non-current 4,130 4,169 Amounts due from related parties 193 1,107 Other receivables 16 9 Total current assets 209 1,116 Total assets 4,339 5,285 LIABILITIES Loans and other borrowings (381 ) (555 ) Amounts due to related parties (1 ) – Derivative financial instruments – (26 ) Total current liabilities (382 ) (581 ) Loans and other borrowings (1,469 ) (1,904 ) Non-current (2 ) – Derivative financial instruments (14 ) – Total non-current (1,485 ) (1,904 ) Total liabilities (1,867 ) (2,485 ) Net assets 2,472 2,800 EQUITY Called up share capital 43 46 Share premium account 94 95 Currency translation reserve (250 ) (212 ) Other reserves 759 707 Retained earnings 1,826 2,164 Total equity 2,472 2,800
Condensed Parent Company Statement of Cash Flows	Condensed statement of cash flows of the Parent Company For the year ended 31 December 2024     2024 $m     2023 $m     2022 $m Profit for the year 725 1,844 796 Adjustments for: Administrative expenses funded by subsidiaries 2 2 2 Net financial expenses 51 47 81 Dividend income from subsidiary undertaking (762 ) (1,877 ) (858 ) Income tax credit (16 ) (16 ) (21 ) Total adjustments (725 ) (1,844 ) (796 ) Changes in amounts due from related parties: operating activities 7 9 10 Cash flow from operations 7 9 10 Interest received 30 29 4 Interest paid (84 ) (74 ) (80 ) Net cash from operating activities (47 ) (36 ) (66 ) Cash flow from investing activities Dividend received from subsidiary undertaking 762 1,877 858 Changes in amounts due from related parties: investing activities 930 (824 ) 132 Net cash from investing activities 1,692 1,053 990 Cash flow from financing activities Repurchase of shares, including taxes and transaction costs (804 ) (790 ) (482 ) Dividends paid to shareholders (259 ) (245 ) (233 ) Repayment of long-term bonds (547 ) – (209 ) Settlement of currency swaps (45 ) – – Changes in amounts due from related parties: financing activities 10 18 – Net cash from financing activities (1,645 ) (1,017 ) (924 ) Net movement in cash and cash equivalents in the year – – – Cash and cash equivalents at beginning of the year – – – Exchange rate effects – – – Cash and cash equivalents at end of the year – – –
Schedule of Material Contingencies of the Parent Company	Contingencies of the Parent Company The following UK subsidiaries will take advantage of the audit exemption set out within Section 479A of the Companies Act 2006 for the year ended 31 December 2024: Company name Company number Asia Pacific Holdings Limited 03941780 Hotel InterContinental London (Holdings) Limited 06451128 IHC May Fair Hotel Limited 02323039 IHC Overseas (U.K.) Limited 02322038 IHG PS Nominees Limited 07092523 InterContinental (PB) 1 06724223 InterContinental (PB) 3 Limited 06947603 SC Leisure Group Limited 00658907 Six Continents Holdings Limited 03211009 Six Continents Hotels International Limited 00722401 Six Continents Investments Limited 00694156 Six Continents Overseas Holdings Limited 02661055
Company Provided Guarantees in Respect of Certain Borrowings of Subsidiaries	As at 31 December 2024, 2023 and 2022 the Company had provided guarantees in respect of certain borrowings of subsidiaries, the carrying values of which are as follows: Description Maturity date    2024 $m    2023 $m    2022 $m € 28 November 2029 623 663 – € 27 September 2031 784 – – 1,407 663 –
Company Provided Maturity Profile of Borrowings of the Parent Company and Borrowings of Subsidiaries Carrying Value	Maturity profile of borrowings of the Parent Company The public bonds issued by the parent company are all due within five years. The principal values to be repaid on maturity are shown below: Description Maturity date     2025 $m     2026 $m     2027 $m     2028 $m £300m 3.75% bonds 2025 14 August 2025 376 – – – £350m 2.125% bonds 2026 24 August 2026 – 439 – – € 15 May 2027 – – 521 – £400m 3.375% bonds 2028 8 October 2028 – – – 502 376 439 521 502

Accounting policies - Additiona

Accounting policies - Additional Information (Detail) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2024 EUR (€)	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)	Nov. 30, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Accounting policies [line items]
Depreciation method, property, plant and equipment	All depreciation is charged on a straight-line basis.
Payment terms of trade receivables	30 days
Outstanding letters of credit	$ 84			$ 68
2028 [member]
Accounting policies [line items]
Revolving credit facility exercised	$ 1,350
EUR500m 1.625% bonds 2024 [member]
Accounting policies [line items]
Notional amount | €		€ 500
Amount of debt under consideration | €		300
EUR600m 4.375% bonds 2029 [member]
Accounting policies [line items]
Notional amount | €		€ 600	€ 750		€ 600
Intercontinental Hotels Boston [Member]
Accounting policies [line items]
Percentage of margin before the asset gets impaired fully	25%
Loyalty programme liability [member]
Accounting policies [line items]
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, liabilities	$ 86
Loyalty programme liability [member] | System Fund [member]
Accounting policies [line items]
Deferred revenue	$ 1,653			$ 1,529		$ 1,411
Buildings [member]
Accounting policies [line items]
Estimated useful lives	50 years
Software [member]
Accounting policies [line items]
Amortisation method, intangible assets other than goodwill	straight-line basis
Bottom of range [member] | Fixtures, fittings and equipment [member]
Accounting policies [line items]
Estimated useful lives	3 years
Bottom of range [member] | Software [member]
Accounting policies [line items]
Estimated useful lives	3 years
Bottom of range [member] | Software [member] | Guest Reservation System [member]
Accounting policies [line items]
Estimated useful lives	7 years
Top of range [member] | Fixtures, fittings and equipment [member]
Accounting policies [line items]
Estimated useful lives	25 years
Top of range [member] | Software [member]
Accounting policies [line items]
Estimated useful lives	5 years
Top of range [member] | Software [member] | Guest Reservation System [member]
Accounting policies [line items]
Estimated useful lives	10 years

Exchange rates - Schedule of Fo

Exchange rates - Schedule of Foreign Exchange Rate (Detail)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Sterling [member]
Disclosure of exchange rates [line items]
Average	0.78	0.8	0.81
Closing	0.8	0.78	0.83
Euro [member]
Disclosure of exchange rates [line items]
Average	0.92	0.92	0.95
Closing	0.96	0.9	0.94

Segmental Information - Additio

Segmental Information - Additional Information (Detail) - Geographic concentration risk2 [member]	12 Months Ended
	Dec. 31, 2024
Revenue [member]
Disclosure of reportable segments [line items]
Concentration risk benchmark	revenue relating to an individual country is separately disclosed when it represents 10% or more of total revenue.
Concentration risk percentage	10%
Non-current Assets [member]
Disclosure of reportable segments [line items]
Concentration risk benchmark	non-current assets relating to an individual country are separately disclosed when they represent 10% or more of total non-current assets
Concentration risk percentage	10%

Segmental Information - Summary

Segmental Information - Summary of Information by Reportable Segment - Result (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reportable segments [line items]
System Fund and reimbursable revenues		$ 2,611	$ 2,460	$ 2,049
Revenue		4,923	4,624	3,892
Operating profit		1,041	1,066	628
Net financial expenses		(140)	(52)	(96)
Fair value (losses)/gains on contingent purchase consideration		(4)	(4)	8
Profit/(loss) before tax		897	1,010	540
Tax	[1]	(269)	(260)	(164)
Profit for the year		628	750	376
Exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		0	28	(95)
Tax		0	7	(26)
Reportable segments [member]
Disclosure of reportable segments [line items]
Revenue		2,312	2,164	1,843
Reportable segments [member] | Before exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		1,124	1,019	828
System Fund and Reimbursable Result [member] | Exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		(83)	19	(105)
Americas [member] | Exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		4	27	(46)
Americas [member] | Reportable segments [member]
Disclosure of reportable segments [line items]
Revenue		1,141	1,105	1,005
Americas [member] | Reportable segments [member] | Before exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		828	815	761
EMEAA [member] | Exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		(4)	1	(49)
EMEAA [member] | Reportable segments [member]
Disclosure of reportable segments [line items]
Revenue		748	677	552
EMEAA [member] | Reportable segments [member] | Before exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		270	215	152
Greater China [member] | Reportable segments [member]
Disclosure of reportable segments [line items]
Revenue		161	161	87
Greater China [member] | Reportable segments [member] | Before exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		98	96	23
Central [member] | Reportable segments [member]
Disclosure of reportable segments [line items]
Revenue		262	221	199
Central [member] | Reportable segments [member] | Before exceptional items [member]
Disclosure of reportable segments [line items]
Operating profit		$ (72)	$ (107)	$ (108)
[1]‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.

Segmental Information - Summa_2

Segmental Information - Summary of Information by Reportable Segment - Other Segmental Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reportable segments [line items]
Depreciation and amortisation	$ 65	$ 67	$ 68
Contract assets deduction in revenue	43	37	32
Equity-settled share-based payments cost	37	31	28
Share of profit of associates and joint ventures	(10)	(31)	59
Excluding exceptional items [member]
Disclosure of reportable segments [line items]
Share of profit of associates and joint ventures	(10)	(13)	(1)
Americas [member]
Disclosure of reportable segments [line items]
Depreciation and amortisation	24	24	23
Contract assets deduction in revenue	24	21	18
Equity-settled share-based payments cost	10	9	8
Share of profit of associates and joint ventures	(4)
Americas [member] | Excluding exceptional items [member]
Disclosure of reportable segments [line items]
Share of profit of associates and joint ventures		(5)	(1)
EMEAA [member]
Disclosure of reportable segments [line items]
Depreciation and amortisation	12	12	13
Contract assets deduction in revenue	18	15	13
Equity-settled share-based payments cost	5	4	4
Share of profit of associates and joint ventures	(6)
EMEAA [member] | Excluding exceptional items [member]
Disclosure of reportable segments [line items]
Share of profit of associates and joint ventures		(8)
Greater China [member]
Disclosure of reportable segments [line items]
Depreciation and amortisation	3	4	4
Contract assets deduction in revenue	1	1	1
Equity-settled share-based payments cost	3	2	2
Share of profit of associates and joint ventures	0
Central [member]
Disclosure of reportable segments [line items]
Depreciation and amortisation	26	27	28
Contract assets deduction in revenue	0
Equity-settled share-based payments cost	19	$ 16	$ 14
Share of profit of associates and joint ventures	$ 0

Segmental Information - Summa_3

Segmental Information - Summary of Information by Reportable Segment - Other Segmental Information (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reportable segments [line items]
Depreciation and amortisation	$ 65	$ 67	$ 68
System fund and reimbursables depreciation and amortisation	80	83	86
Cost of sales in owned lease and managed lease hotels [member]
Disclosure of reportable segments [line items]
Depreciation and amortisation	16	17	15
Cost of sales in other assets [member]
Disclosure of reportable segments [line items]
Depreciation and amortisation	$ 49	$ 50	$ 53

Segmental Information - Summa_4

Segmental Information - Summary of Geographical Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of geographical areas [line items]
System Fund	$ 1,611	$ 1,564	$ 1,217
Revenue	4,923	4,624	3,892
Non-current assets	2,252	2,092
Before system funds [member]
Disclosure of geographical areas [line items]
Revenue	3,312	3,060	2,675
United Kingdom [member]
Disclosure of geographical areas [line items]
Revenue	291	263	243
Non-current assets	104	100
United States [member]
Disclosure of geographical areas [line items]
Revenue	1,902	1,777	1,659
Non-current assets	1,370	1,332
Rest of world [member]
Disclosure of geographical areas [line items]
Revenue	1,119	1,020	$ 773
Non-current assets	$ 778	$ 660

Revenue - Summary of Group Reve

Revenue - Summary of Group Revenue Disaggregated By Type of Revenue Stream and By Reportable Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Franchise and base management fees	$ 1,357	$ 1,304	$ 1,147
Incentive management fees	178	168	103
Central revenue	239	200	184
Revenue from fee business	1,774	1,672	1,434
Revenue from owned, leased and managed lease hotels	515	471	394
Revenue from insurance activities	23	21	15
System Fund revenues (note [31])	1,611	1,564	1,217
Reimbursable revenues (note [31])	1,000	896	832
Total revenue	4,923	4,624	3,892
Reportable segments [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue	2,312	2,164	1,843
Americas [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Franchise and base management fees	958	936	861
Incentive management fees	21	21	18
Revenue from fee business	979	957	879
Revenue from owned, leased and managed lease hotels	162	148	126
Americas [member] | Reportable segments [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue	1,141	1,105	1,005
EMEAA [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Franchise and base management fees	277	253	215
Incentive management fees	118	101	69
Revenue from fee business	395	354	284
Revenue from owned, leased and managed lease hotels	353	323	268
EMEAA [member] | Reportable segments [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue	748	677	552
Greater China [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Franchise and base management fees	122	115	71
Incentive management fees	39	46	16
Revenue from fee business	161	161	87
Greater China [member] | Reportable segments [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue	161	161	87
Central [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Central revenue	239	200	184
Revenue from fee business	239	200	184
Revenue from insurance activities	23	21	15
Central [member] | Reportable segments [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue	$ 262	$ 221	$ 199

Revenue - Summary of Informatio

Revenue - Summary of Information About Trade Receivables, Contract Assets, and Deferred Revenue (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Receivables from contracts with customers [abstract]
Trade receivables (note [16])	$ 651	$ 580
Contract assets	650	459	$ 367
Deferred revenue	$ (2,060)	$ (1,848)	$ (1,724)

Revenue - Summary of Informat_2

Revenue - Summary of Information About Contract Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Contract assets [abstract]
Contract assets, Beginning balance	$ 459	$ 367
Additions	237	129
Recognised as a deduction to revenue	(43)	(37)
Impairment reversals (note [6])	3
Repayments		(7)
Exchange and other adjustments	(6)	7
Current	38	35
Non-current	612	424
Contract assets, Ending balance	$ 650	$ 459

Revenue - Summary of Changes in

Revenue - Summary of Changes in Deferred Revenue (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of changes in contact liabilities [line items]
Deferred revenue beginning balance	$ 1,848	$ 1,724
Increase in deferred revenue	907	762
Recognised as revenue	(691)	(636)
Exchange and other adjustments	(4)	(2)
Deferred revenue ending balance	2,060	1,848
Current	766	752
Non-current	1,294	1,096
Deferred revenue ending balance	2,060	1,848
Loyalty programme [member]
Disclosure of changes in contact liabilities [line items]
Deferred revenue beginning balance	1,529	1,411
Increase in deferred revenue	726	672
Recognised as revenue	(602)	(554)
Deferred revenue ending balance	1,653	1,529
Current	661	649
Non-current	992	880
Deferred revenue ending balance	1,653	1,529
Other co-brand fees [member]
Disclosure of changes in contact liabilities [line items]
Deferred revenue beginning balance	22	33
Increase in deferred revenue	97
Recognised as revenue	(8)	(11)
Deferred revenue ending balance	111	22
Current	12	11
Non-current	99	11
Deferred revenue ending balance	111	22
Application & re-licensing fees [member]
Disclosure of changes in contact liabilities [line items]
Deferred revenue beginning balance	171	167
Increase in deferred revenue	23	27
Recognised as revenue	(23)	(23)
Deferred revenue ending balance	171	171
Current	23	22
Non-current	148	149
Deferred revenue ending balance	171	171
Other [member]
Disclosure of changes in contact liabilities [line items]
Deferred revenue beginning balance	126	113
Increase in deferred revenue	61	63
Recognised as revenue	(58)	(48)
Exchange and other adjustments	(4)	(2)
Deferred revenue ending balance	125	126
Current	70	70
Non-current	55	56
Deferred revenue ending balance	$ 125	$ 126

Revenue - Amounts Received and

Revenue - Amounts Received and Not Yet Recognized Related to Performance Obligations (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	$ 2,060	$ 1,848
Less than one year [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	766	752
Between one and two years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	398	389
Between two and three years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	244	227
Between three and four years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	164	142
Between four and five years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	117	93
More than five years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	371	245
Loyalty and co-brand [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	1,764	1,551
Loyalty and co-brand [member] | Less than one year [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	673	660
Loyalty and co-brand [member] | Between one and two years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	355	346
Loyalty and co-brand [member] | Between two and three years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	214	195
Loyalty and co-brand [member] | Between three and four years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	140	118
Loyalty and co-brand [member] | Between four and five years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	95	73
Loyalty and co-brand [member] | More than five years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	287	159
Other [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	296	297
Other [member] | Less than one year [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	93	92
Other [member] | Between one and two years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	43	43
Other [member] | Between two and three years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	30	32
Other [member] | Between three and four years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	24	24
Other [member] | Between four and five years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	22	20
Other [member] | More than five years [member]
Disclosure of transaction price allocated to remaining performance obligations [line items]
Transaction price allocated to remaining performance obligations	$ 84	$ 86

Revenue - Movements in Contract

Revenue - Movements in Contract Costs, Typically Developer Commissions (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [abstract]
Contract costs beginning balance	$ 87	$ 80
Costs incurred	18	15
Charged to income statement	(8)	(8)
Exchange and other adjustments	(2)
Contract costs ending balance	95	87
Contract costs disclosed as:
Current	5	5
Non-current	90	82
Total contract costs	$ 95	$ 87

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of disaggregation of revenue from contracts with customers [line items]
Percentage of proceeds from points sold	50%
Revenue from business fee	$ 25
Percentage of increase in reimbursable revenue	100%
Performance Guarantees [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Maximum exposure to credit risk	$ 77	$ 80

Staff costs and Directors' re_3

Staff costs and Directors' remuneration - Summary of Staff Costs (Detail) - Costs by employer [member] - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Costs
Wages and salaries		$ 1,890	$ 1,752	$ 1,558
Social security costs		159	143	117
Share-based payment costs		67	56	46
Pension and other post-retirement benefits:
Defined benefit plans (note [26])		7	4	2
Defined contribution plans		62	58	53
Total staff costs		2,185	2,013	1,776
Expenses borne by IHG [member]
Pension and other post-retirement benefits:
Total staff costs	[1]	800	747	646
Expenses borne by system fund or reimbursed [member]
Pension and other post-retirement benefits:
Total staff costs		$ 1,385	$ 1,266	$ 1,130
[1]In 2022, included $1m classified as exceptional relating to the costs of ceasing operations in Russia.

Staff costs and Directors' re_4

Staff costs and Directors' remuneration - Summary of Staff Costs (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Exceptional items [member] | Reorganisation programmes [member]
Disclosure of information about employees and directors [Line Items]
Exceptional items	$ 1

Staff costs and Directors' re_5

Staff costs and Directors' remuneration - Summary of Average Number of Employees (Detail) - Employee	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of average number of employees [line items]
Average number of employees, including part-time employees	28,139	27,598	25,880
Costs borne by IHG [member]
Disclosure of average number of employees [line items]
Average number of employees, including part-time employees	7,387	7,292	7,047
Employees whose costs are borne by the System Fund or are reimbursed [member]
Disclosure of average number of employees [line items]
Average number of employees, including part-time employees	20,752	20,306	18,833
Americas [member] | Costs borne by IHG [member]
Disclosure of average number of employees [line items]
Average number of employees, including part-time employees	1,612	1,578	1,548
EMEAA [member] | Costs borne by IHG [member]
Disclosure of average number of employees [line items]
Average number of employees, including part-time employees	3,635	3,642	3,638
Greater China [member] | Costs borne by IHG [member]
Disclosure of average number of employees [line items]
Average number of employees, including part-time employees	357	352	333
Central [member] | Costs borne by IHG [member]
Disclosure of average number of employees [line items]
Average number of employees, including part-time employees	1,783	1,720	1,528

Staff costs and Directors' re_6

Staff costs and Directors' remuneration - Summary of Director's Emoluments (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Director [member]
Disclosure of Directors Emoluments [Line Items]
Base salaries, fees, performance payments and benefits	$ 6.9	$ 6.9	$ 7.9

Auditor's remuneration paid t_3

Auditor's remuneration paid to Pricewaterhouse Coopers LLP - Summary of Auditor's Remuneration Paid (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Auditors Remuneration [Line Items]
Audit of the Financial Statements		$ 7	$ 7	$ 6
Audit of subsidiaries		3	3	2
Other assurance services	[1]	1	1	1
Total expense related to remuneration		11	11	9
SEC Regulations [Member]
Auditors Remuneration [Line Items]
Audit of the Financial Statements		10	10	8
Other audit-related		1	1	1
Total expense related to remuneration		$ 11	$ 11	$ 9
[1]Other assurance services consists of IT assurance and audit of System Fund financial information.

Exceptional Items - Summary of

Exceptional Items - Summary of Exceptional Items (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Administrative expenses:
Administrative expenses		$ (359)	$ (338)	$ (353)
Impairment reversal on financial assets		6
Other net impairment reversals/(charges):
Contract assets (Charge)				(5)
Contract assets (Reversal)		3		3
Other impairment charges		0	0	5
Tax	[1]	269	260	164
Operating exceptional items		0	28	(95)
Operating exceptional items analysed as:
Operating exceptional profit before tax		1,041	1,066	628
Exceptional items [member]
Administrative expenses:
Costs of ceasing operations in Russia		0		(12)
Commercial litigation and disputes		(12)		(28)
Administrative expenses		(12)		(40)
Share of profits/(losses) of associate		0	18	(60)
Other operating income		0	10
Impairment reversal on financial assets		6
Other net impairment reversals/(charges):
Property plant and equipment (Charge)		0		(10)
Property, plant and equipment (Reversal)		3		3
Contract assets (Charge)		0		(5)
Contract assets (Reversal)		3		3
Other impairment charges		6		5
Tax on exceptional items		0	(7)	26
Tax		0	(7)	26
Operating exceptional items analysed as:
Operating exceptional profit before tax		0	28	(95)
Exceptional items [member] | Right-of-use assets [member]
Other net impairment reversals/(charges):
Impairment (Charge)		0		(2)
Impairment (Reversal)		0		2
Exceptional items [member] | Management agreements [member]
Other net impairment reversals/(charges):
Management agreements (Reversal)		0		12
Exceptional items [member] | Associates [member]
Other net impairment reversals/(charges):
Impairment (Reversal)		0		2
Operating exceptional items analysed as:
Operating exceptional profit before tax				42
Exceptional items [member] | Americas [member]
Operating exceptional items analysed as:
Operating exceptional profit before tax		4	27	(46)
Exceptional items [member] | EMEAA [member]
Operating exceptional items analysed as:
Operating exceptional profit before tax		$ (4)	$ 1	$ (49)
[1]‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.

Exceptional Items - Additional

Exceptional Items - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Exceptional Items [line items]
Adjustments for impairment losses (reversal of impairment losses) recognised in profit or loss, financial assets		$ 6
Current tax benefit	[1]	316	$ 261	$ 183
Contract assets (Charge)				(5)
Reversal of impairment of contract assets		$ 3		3
Associates [member]
Disclosure Of Exceptional Items [line items]
Additional Expenses Allocated				60
Current tax benefit				15
Liability Recognised Reflecting Unavoidable Obligation Amount				$ 18
[1]Includes $2m (2023: $nil, 2022: $nil) in respect of taxes arising under the Pillar Two framework.

Exceptional items - Summary o_2

Exceptional items - Summary of Tax Impacts On Exceptional Items (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense	[1]	$ 316	$ 261	$ 183
Deferred tax expense		(47)	(13)	(12)
Total current and deferred tax	[2]	269	260	164
Exceptional Items [member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense		0	(3)	33
Deferred tax expense		0	(4)	(7)
Total current and deferred tax		0	(7)	26
Costs of ceasing operations in Russia [Member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense		0		3
Deferred tax expense		0
Commercial litigation and disputes [Member] | Exceptional Items [member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense		0	0	8
Deferred tax expense		2	0	(2)
Share of (profits)/losses of associate [Member] | Exceptional Items [member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense		0	0	15
Deferred tax expense		0	(4)	0
Other operating income [Member] | Exceptional Items [member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense		0	(3)
Deferred tax expense		0
Impairment reversal on financial assets [Member] | Exceptional Items [member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense		0
Deferred tax expense		(1)
Other net impairment reversals/(charges) [Member] | Exceptional Items [member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense		0	0	1
Deferred tax expense		(1)	0	(5)
Adjustments in respect of prior years [Member] | Exceptional Items [member]
Disclosure of tax impacts on exceptional items [Line Items]
Current tax expense	[3]	0	0	6
Deferred tax expense	[3]	$ 0	$ 0	$ 0
[1]Includes $2m (2023: $nil, 2022: $nil) in respect of taxes arising under the Pillar Two framework.[2]‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.[3]In 2022, related to the release of tax contingencies no longer needed; one of these was as a result of the closure of a tax audit of the 2014 US federal income tax return.

Financial income and expenses -

Financial income and expenses - Summary of Financial Income and Expenses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Detailed Finance (Income) Costs Explanatory [line items]
Financial income on deposits and money market funds	$ 48	$ 33	$ 17
Interest income on loans and other assets	15	6	5
Financial income	63	39	22
Interest expense on bonds and syndicated facility	131	85	92
Interest expense on lease liabilities	30	29	29
Unwind of discount on deferred purchase consideration	0	1	0
Foreign exchange losses/(gains)	25	(35)	(10)
Other charges	17	11	7
Financial expenses	$ 203	$ 91	$ 118

Financial income and expenses_2

Financial income and expenses - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Detailed Finance (Income) Costs Explanatory [line items]
Interest income on financial assets held at amortised costs	$ 47	$ 24	$ 12
Finance income relating to financial assets held at fair value through profit or loss	16	15	10
System Fund [member]
Disclosure Of Detailed Finance (Income) Costs Explanatory [line items]
Interest expense	1	1	1
IHG Rewards club loyalty programme [member]
Disclosure Of Detailed Finance (Income) Costs Explanatory [line items]
Interest payable to IHG rewards club	$ 49	$ 43	$ 15

Tax - Summary of Tax on (Loss)_

Tax - Summary of Tax on (Loss)/Profit (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income tax [line items]
Current period	[1]	$ 316	$ 261	$ 183
Adjustments in respect of prior periods		0	12	(7)
Current tax		316	273	176
Origination and reversal of temporary differences		(45)	(20)	(7)
Changes in tax rates and tax laws		0	2	0
Adjustments to unprovided or unrecognised deferred tax	[2]	0	5	(2)
Adjustments in respect of prior periods		(2)	0	(3)
Deferred tax		(47)	(13)	(12)
Income tax charge for the year	[3]	269	260	164
United Kingdom [member]
Income tax [line items]
Current period	[1]	24	16	6
Adjustments in respect of prior periods		0	0	(2)
Current tax		24	16	4
Origination and reversal of temporary differences		11	1	(1)
Changes in tax rates and tax laws		0	0	0
Adjustments to unprovided or unrecognised deferred tax	[2]	0	0	(2)
Adjustments in respect of prior periods		(2)	1	2
Deferred tax		9	2	(1)
Income tax charge for the year	[3]	33	18	3
Foreign tax [member]
Income tax [line items]
Current period	[1]	292	245	177
Adjustments in respect of prior periods		0	12	(5)
Current tax		292	257	172
Origination and reversal of temporary differences		(56)	(21)	(6)
Changes in tax rates and tax laws		0	2
Adjustments to unprovided or unrecognised deferred tax	[2]	0	5
Adjustments in respect of prior periods		0	(1)	(5)
Deferred tax		(56)	(15)	(11)
Income tax charge for the year	[3]	$ 236	$ 242	$ 161
[1]Includes $2m (2023: $nil, 2022: $nil) in respect of taxes arising under the Pillar Two framework.[2]Represents a reassessment of the recovery of deferred taxes in line with the Group’s profit forecasts.[3]‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.

Tax - Summary of Tax on (Loss_2

Tax - Summary of Tax on (Loss)/Profit (Parenthetical) (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income tax [line items]
Current period	[1]	$ 316	$ 261	$ 183
Total income tax charge for the year	[2]	269	260	164
Pillar Two Tax [Member]
Income tax [line items]
Current period		2	0	0
Before exceptional items [member] | United States [member]
Income tax [line items]
Total income tax charge for the year		$ 169	$ 172	$ 134
[1]Includes $2m (2023: $nil, 2022: $nil) in respect of taxes arising under the Pillar Two framework.[2]‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.

Tax - Summary of Reconciliation

Tax - Summary of Reconciliation of Tax Charge (Detail)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of income tax reconciliation [line items]
Income tax rate	25%	23.50%	19%
Tax credits	(0.60%)	(0.50%)	(0.10%)
System Fund	1.20%	(1.30%)	3.10%
Foreign exchange losses/(gains)	1%	(1.00%)	(0.90%)
Other permanent differences	(0.50%)	0.90%	0.50%
Non-recoverable foreign taxes	2.40%	1.30%	3.50%
Net effect of different rates of tax	1.50%	1.50%	6.30%
Effects of substantive enactment of UAE tax rates and laws	0%	(0.90%)
Effect of changes in other tax rates and laws	0%	0.20%	0.10%
Items on which deferred tax arose but where no deferred tax is recognised	0.20%	0.20%	1.20%
Effect of adjustments to unprovided or unrecognised deferred taxes	0%	0.50%	(0.40%)
Adjustment to tax charge in respect of prior periods	(0.20%)	1.30%	(1.90%)
Average effective tax rate	30%	25.70%	30.40%

Tax - Summary of Reconciliati_2

Tax - Summary of Reconciliation of Tax Charge (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of income tax reconciliation [line items]
Other permanent differences	(0.50%)	0.90%	0.50%
Net effect of different rates of tax in overseas business	1.50%	1.50%	6.30%
Aggregate percentage points		0.70%
Deferred tax assets	$ 122	$ 134
UAE [Member]
Disclosure of income tax reconciliation [line items]
Deferred tax assets	$ 9
Before exceptional items and System Funds [member] | United States [member]
Disclosure of income tax reconciliation [line items]
Net effect of different rates of tax in overseas business	1.20%	1.30%	6.90%
Before Exceptional Items System Funds And Foreign Exchange Gains [Member]
Disclosure of income tax reconciliation [line items]
Other permanent differences	1%	0.60%	1%

Tax - Summary of Tabular Form o

Tax - Summary of Tabular Form of Taxes Paid Based on Geographical Area (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure In Tabular Form Of Taxes Paid Based On Geographical Area [Line Items]
Tax paid excluding tax deducted at source	$ 271	$ 206	$ 189
Taxes withheld at source	38	37	22
Tax paid per cash flow	309	243	211
China [member]
Disclosure In Tabular Form Of Taxes Paid Based On Geographical Area [Line Items]
Tax paid excluding tax deducted at source	11	5	10
Singapore [member]
Disclosure In Tabular Form Of Taxes Paid Based On Geographical Area [Line Items]
Tax paid excluding tax deducted at source	7	4	1
United Kingdom [member]
Disclosure In Tabular Form Of Taxes Paid Based On Geographical Area [Line Items]
Tax paid excluding tax deducted at source	10	8	3
United States [member]
Disclosure In Tabular Form Of Taxes Paid Based On Geographical Area [Line Items]
Tax paid excluding tax deducted at source	220	171	165
Other Jursidictions [Member]
Disclosure In Tabular Form Of Taxes Paid Based On Geographical Area [Line Items]
Tax paid excluding tax deducted at source	$ 23	$ 18	$ 10

Tax - Tax Paid - Additional Inf

Tax - Tax Paid - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
United Kingdom [member]
Disclosure of income tax reconciliation [line items]
Direct tax paid	$ 5

Tax - Summary of Reconciliati_3

Tax - Summary of Reconciliation of Tax Paid to Total Current Tax Charge in Income Statement (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation Of Tax Paid [abstract]
Current tax charge in the Group income statement	$ 316	$ 273	$ 176
Current tax credit in the Group statement of comprehensive income	(3)	(6)	(2)
Current tax credit taken directly to equity	(6)	(5)
Total current tax charge	307	262	174
Movements to tax contingencies	(4)	(2)	10
Timing differences of cash tax paid and foreign exchange differences	6	(17)	27
Tax paid per cash flow	$ 309	$ 243	$ 211

Tax - Current Tax - Additional

Tax - Current Tax - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of uncertain tax positions within current tax [line items]
Uncertain tax positions included within current tax liability	$ 9	$ 14
Tax rate effect of foreign tax rates	1.50%	1.50%	6.30%
Effective minimum tax rate	15%
Pillar Two Tax [Member]
Disclosure of uncertain tax positions within current tax [line items]
Estimated Tax Liabilities	$ 2
Largest single contingency does not exceed [member]
Disclosure of uncertain tax positions within current tax [line items]
Uncertain tax positions included within current tax liability	$ 3	$ 3
Maximum [Member]
Disclosure of uncertain tax positions within current tax [line items]
Tax rate effect of foreign tax rates	25%

Tax - Summary of Deferred Tax (

Tax - Summary of Deferred Tax (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of income tax reconciliation [line items]
Beginning balance	$ 66	$ 48
Group income statement	47	13
Group statement of comprehensive income	(16)	(11)
Group statement of changes in equity	9	6
Exchange and other adjustments	(2)	10
Ending balance	104	66
Deferred gains on loan notes [member]
Disclosure of income tax reconciliation [line items]
Beginning balance	(34)	(34)
Group income statement	0	0
Group statement of comprehensive income	0	0
Group statement of changes in equity	0	0
Exchange and other adjustments	0
Ending balance	(34)	(34)
Associates [member]
Disclosure of income tax reconciliation [line items]
Beginning balance	(60)	(59)
Group income statement	1	(1)
Group statement of comprehensive income	0	0
Group statement of changes in equity	0	0
Exchange and other adjustments	0
Ending balance	(59)	(60)
Losses [member]
Disclosure of income tax reconciliation [line items]
Beginning balance	76	79
Group income statement	(7)	0
Group statement of comprehensive income	(3)	(6)
Group statement of changes in equity	0	0
Exchange and other adjustments	(1)	3
Ending balance	65	76
Employee benefits [member]
Disclosure of income tax reconciliation [line items]
Beginning balance	95	84
Group income statement	9	4
Group statement of comprehensive income	0	0
Group statement of changes in equity	9	6
Exchange and other adjustments	0	1
Ending balance	113	95
Deferred compensation [member]
Disclosure of income tax reconciliation [line items]
Beginning balance	0	0
Group income statement	30	0
Group statement of comprehensive income	0	0
Group statement of changes in equity	0	0
Exchange and other adjustments	0
Ending balance	30	0
Other short-term temporary differences [member]
Disclosure of income tax reconciliation [line items]
Beginning balance	8	22
Group income statement	(11)	(11)
Group statement of comprehensive income	(13)	(5)
Group statement of changes in equity	0	0
Exchange and other adjustments	(1)	2
Ending balance	(17)	8
Research and development [Member]
Disclosure of income tax reconciliation [line items]
Beginning balance	15	8
Group income statement	18	7
Group statement of comprehensive income	0	0
Group statement of changes in equity	0	0
Exchange and other adjustments	0	0
Ending balance	33	15
Property, plant, equipment and software [member]
Disclosure of income tax reconciliation [line items]
Beginning balance	(30)	(53)
Group income statement	21	22
Group statement of comprehensive income	0	0
Group statement of changes in equity	0	0
Exchange and other adjustments	0	1
Ending balance	(9)	(30)
Application Fees [Member]
Disclosure of income tax reconciliation [line items]
Beginning balance	42	41
Group income statement	0	1
Group statement of comprehensive income	0	0
Group statement of changes in equity	0	0
Exchange and other adjustments	0
Ending balance	42	42
Intangible Assets Excluding Software [Member]
Disclosure of income tax reconciliation [line items]
Beginning balance	(46)	(40)
Group income statement	(14)	(9)
Group statement of comprehensive income	0	0
Group statement of changes in equity	0	0
Exchange and other adjustments	0	3
Ending balance	$ (60)	$ (46)

Tax - Summary of Deferred Tax_2

Tax - Summary of Deferred Tax (Parenthetical) (Detail) $ in Millions	Dec. 31, 2024 USD ($)
Disclosure of income tax reconciliation [line items]
Deferred tax assets liabilities net threshold	$ 10
Other Short-term Temporary Difference [member]
Disclosure of income tax reconciliation [line items]
Deferred tax assets liabilities net threshold	$ 20

Tax - Deferred Tax - Additional

Tax - Deferred Tax - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of income tax reconciliation [line items]
Deferred tax assets	$ 122	$ 134
Deferred tax assets recognized related to legal entities which suffered tax loss	3	0
Deferred tax assets liabilities net threshold	10
United Kingdom [member]
Disclosure of income tax reconciliation [line items]
Deferred tax assets	$ 99	113
Deferred Tax Asset Offset Percentage On Annual Profits (50% restriction on deferred tax losses)	50%
Deferred Tax Assets Relating To Revenue Losses	$ 62	$ 73
United Kingdom [member] | Bottom of range [member]
Disclosure of income tax reconciliation [line items]
Deferred Tax Asset Reverse Period	6 years	7 years
United Kingdom [member] | Top of range [member]
Disclosure of income tax reconciliation [line items]
Deferred Tax Asset Reverse Period	10 years	10 years
Unprovided deferred tax on unremitted earnings [member]
Disclosure of income tax reconciliation [line items]
Unremitted earnings on which no deferred tax provided	$ 500	$ 500

Tax - Summary of Deferred Tax B

Tax - Summary of Deferred Tax Balance After Offset of Assets and Liabilities and Analysis by Key Territory (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of deferred taxes [line items]
Deferred tax assets	$ 122	$ 134
Deferred tax liabilities	(18)	(68)
Deferred tax liability asset	104	66	$ 48
United Kingdom [member]
Disclosure of deferred taxes [line items]
Deferred tax assets	99	113
Deferred tax liability asset	99	113
United States [member]
Disclosure of deferred taxes [line items]
Deferred tax liability asset	0	(53)
United Arab Emirates [member]
Disclosure of deferred taxes [line items]
Deferred tax assets	9
Deferred tax liability asset	12	9
Other Countries [member]
Disclosure of deferred taxes [line items]
Deferred tax liability asset	$ (7)	$ (3)

Tax - Summary of Unrecognised D

Tax - Summary of Unrecognised Deferred Tax Position (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Unrecognised deferred tax position [line items]
Unrecognised deferred tax	$ 274	$ 262
Gross carrying amount	1,080	1,078
Revenue losses [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	432	450
Unrecognised deferred tax	75	79
Capital losses [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	580	580
Unrecognised deferred tax	146	146
Total losses [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	1,012	1,030
Unrecognised deferred tax	221	225
Tax credits [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	46	32
Unrecognised tax credits deferred tax	46	32
Other [member]
Unrecognised deferred tax position [line items]
Unrecognised deferred tax	7	5
Gross carrying amount	$ 22	$ 16

Tax - Summary of Unrecognized D

Tax - Summary of Unrecognized Deferred Tax Based on Expiry Date (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
2024 [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	$ 0	$ 6
Unrecognised deferred tax	0	1
2025 [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	11	11
Unrecognised deferred tax	2	2
2026 [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	7	7
Unrecognised deferred tax	1	1
2027 [Member]
Unrecognised deferred tax position [line items]
Gross carrying amount	7	7
Unrecognised deferred tax	1	1
2028 [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	0	6
Unrecognised deferred tax	0	1
2029 [member]
Unrecognised deferred tax position [line items]
Gross carrying amount	10	10
Unrecognised deferred tax	10	10
After 2031 [Member]
Unrecognised deferred tax position [line items]
Gross carrying amount	36	22
Unrecognised deferred tax	$ 36	$ 22

Dividends - Summary of Dividend

Dividends - Summary of Dividends Paid (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Dividends Paid and Proposed [abstract]
Final (declared for previous year)	$ 1.04	$ 0.945	$ 0.859
Interim	0.532	0.483	0.439
Dividends paid	$ 1.572	$ 1.428	$ 1.298
Final (declared for previous year)	$ 172	$ 166	$ 154
Interim	87	79	79
Dividends paid	$ 259	$ 245	$ 233

Dividends - Additional Informat

Dividends - Additional Information (Detail) - Proposed dividends [member] $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares
Disclosure of dividends paid and proposed [line items]
Final Proposed (not recognised as a liability at 31 December) | $ / shares	$ 1.144
Final proposed dividend record date	May 08, 2025
Final proposed amount | $	$ 180

Earnings per ordinary share - S

Earnings per ordinary share - Summary of Earnings Per Ordinary Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic earnings/(loss) per ordinary share
Profit available for equity holders		$ 628	$ 750	$ 375
Basic weighted average number of ordinary shares (millions)		161.2	169	181
Basic earnings per ordinary share		$ 3.896	$ 4.438	$ 2.072
Diluted earnings/(loss) per ordinary share
Profit available for equity holders		$ 628	$ 750	$ 375
Diluted weighted average number of ordinary shares (millions)		163	170	182
Diluted earnings per ordinary share		$ 3.853	$ 4.412	$ 2.06
Basic and diluted share denominators are calculated as follows:
Weighted average number of ordinary shares in issue		168.6	177	187
Weighted average number of treasury shares	[1]	(7.4)	(8)	(6)
Basic weighted average number of ordinary shares		161.2	169	181
Dilutive potential ordinary shares		1.8	1	1
Diluted weighted average number of ordinary shares		163	170	182
[1]Includes other shares that do not receive dividends

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	$ 1,099	$ 1,144
Ending balance	1,042	1,099
Cost [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	1,926	1,925
Additions	49	53
Fully amortised assets written off	(50)	(55)
Disposals	(4)	(1)
Exchange and other adjustments	(5)	4
Ending balance	1,916	1,926
Amortisation and impairment [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	(827)	(781)
Fully amortised assets written off	50	55
Disposals	4	1
Exchange and other adjustments	1	(4)
Provided	(19)	(21)
System Fund expense	(78)	(77)
Impairment charge	(2)
System Fund impairment charge	(3)
Ending balance	(874)	(827)
Goodwill [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	336	335
Ending balance	331	336
Goodwill [member] | Cost [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	516	513
Disposals		0
Exchange and other adjustments	(5)	3
Ending balance	511	516
Goodwill [member] | Amortisation and impairment [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	(180)	(178)
Disposals		0
Exchange and other adjustments		(2)
Ending balance	(180)	(180)
Brands [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	439	439
Ending balance	439	439
Brands [member] | Cost [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	439	439
Ending balance	439	439
Brands [member] | Amortisation and impairment [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	0
Ending balance	0	0
Software [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	297	339
Ending balance	247	297
Software [member] | Cost [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	825	825
Additions	48	52
Fully amortised assets written off	(49)	(52)
Disposals	(4)	(1)
Exchange and other adjustments		1
Ending balance	820	825
Software [member] | Amortisation and impairment [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	(528)	(486)
Fully amortised assets written off	49	52
Disposals	4	1
Exchange and other adjustments	1	(1)
Provided	(17)	(18)
System Fund expense	(77)	(76)
Impairment charge	(2)
System Fund impairment charge	(3)
Ending balance	(573)	(528)
Management contracts [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	19	21
Ending balance	18	19
Management contracts [member] | Cost [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	122	122
Ending balance	122	122
Management contracts [member] | Amortisation and impairment [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	(103)	(101)
Exchange and other adjustments		(1)
Provided	(1)	(1)
Ending balance	(104)	(103)
Other intangibles [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	8	10
Ending balance	7	8
Other intangibles [member] | Cost [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	24	26
Additions	1	1
Fully amortised assets written off	(1)	(3)
Ending balance	24	24
Other intangibles [member] | Amortisation and impairment [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance	(16)	(16)
Fully amortised assets written off	1	3
Exchange and other adjustments		0
Provided	(1)	(2)
System Fund expense	(1)	(1)
Ending balance	$ (17)	$ (16)

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Summary of Carrying Value of Goodwill and Indefinite Life Brands were Allocated to CGUs for Year-end Impairment Testing (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of information for cash-generating units [Line Items]
Goodwill	$ 331
Brands	439
Cash-generating units [member]
Disclosure of information for cash-generating units [Line Items]
Opening goodwill and brands	775	$ 774
Exchange adjustments	(5)	1
Closing goodwill and brands	770	775
Americas [Member]
Disclosure of information for cash-generating units [Line Items]
Goodwill	132
Brands	287
Americas [Member] | Cash-generating units [member]
Disclosure of information for cash-generating units [Line Items]
Opening goodwill and brands	419	419
Closing goodwill and brands	419	419
EMEAA [Member]
Disclosure of information for cash-generating units [Line Items]
Goodwill	191
Brands	136
EMEAA [Member] | Cash-generating units [member]
Disclosure of information for cash-generating units [Line Items]
Opening goodwill and brands	332	331
Exchange adjustments	(5)	1
Closing goodwill and brands	327	332
Greater China [member]
Disclosure of information for cash-generating units [Line Items]
Goodwill	8
Brands	16
Greater China [member] | Cash-generating units [member]
Disclosure of information for cash-generating units [Line Items]
Opening goodwill and brands	24	24
Closing goodwill and brands	$ 24	$ 24

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Summary of Terminal Growth Rates and Discount Rates Used in Impairment Tests (Detail)	Dec. 31, 2024	Dec. 31, 2023
Americas [member]
Disclosure of information for cash-generating units [Line Items]
Terminal growth rate	2.10%	1.60%
Pre-tax discount rate	11.60%	13%
EMEAA [member]
Disclosure of information for cash-generating units [Line Items]
Terminal growth rate	2.50%	2.40%
Pre-tax discount rate	13.60%	15.10%
Greater China [member]
Disclosure of information for cash-generating units [Line Items]
Terminal growth rate	2.50%	2.50%
Pre-tax discount rate	10.50%	12.10%

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Information whether recoverable amount of asset is fair value less costs of disposal or value in use	The recoverable amounts of the CGUs, or groups of CGUs, have been determined from value in use calculations.
Description of key assumptions on which management has based cash flow projections	The key assumptions are RevPAR growth (detailed on page 197 within ‘Going concern’), terminal growth rates and pre-tax discount rates.
Description of growth rates used to extrapolate cash flow projections	terminal growth rates that do not exceed the average long-term growth rates for the relevant markets.
Description of discount rates of applied to cash flow projections	pre-tax rates that are based on the Group’s weighted average cost of capital and incorporate adjustments reflecting risks specific to the territory of the CGU
Impairment Loss Recognised In Replaced Asset	$ 5
Cash-generating units [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Impairment Charge	$ 0
Management agreements [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average remaining amortisation period	13 years	14 years
Kimpton Management Agreement Portfolio [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Explanation of impairment charge	strong trading conditions in 2022 and significantly improved industry forecasts.
Kimpton Management Agreement Portfolio [Member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Impairment reversal			$ 12
Intangible asset material to entity [member] | Computer software [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Goodwill and other intangible assets	$ 102
Intangible asset material to entity [member] | Computer software [member] | Internally generated [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Goodwill and other intangible assets	$ 80
Intangible asset material to entity [member] | Computer software [member] | Internally generated [member] | Minimum [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average amortisation period	7 years
Weighted average remaining period	4 years
Intangible asset material to entity [member] | Computer software [member] | Internally generated [member] | Maximum [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average amortisation period	10 years
Weighted average remaining period	4 years
Intangible asset material to entity [member] | Computer software [member] | Remaining Project Value [Member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average amortisation period	5 years
Brands [member] | Kimpton [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions of intangible asset	$ 193
Brands [member] | Six Senses [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions of intangible asset	189
Regent [member] | Brands [member]
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions of intangible asset	$ 57

Property, plant and equipment -

Property, plant and equipment - Summary of Net Book Value of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	$ 153	$ 157
Ending balance	146	153
Cost [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	411	404
Additions	27	21
Fully depreciated assets written off	(30)	(15)
Disposals	(16)	(5)
Exchange and other adjustments	(5)	6
Ending balance	387	411
Accumulated depreciation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(258)	(247)
Fully depreciated assets written off	30	15
Disposals	8	5
Exchange and other adjustments	4	(3)
Provided	(24)	(24)
System Fund expense	(4)	(4)
Impairment reversal	3
Ending balance	(241)	(258)
Land and buildings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	57	61
Ending balance	46	57
Land and buildings [member] | Cost [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	111	112
Additions	0	1
Fully depreciated assets written off	(3)
Disposals	(8)	(2)
Exchange and other adjustments	(1)
Ending balance	99	111
Land and buildings [member] | Accumulated depreciation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(54)	(51)
Fully depreciated assets written off	3
Disposals		2
Exchange and other adjustments	1	1
Provided	(3)	(6)
Ending balance	(53)	(54)
Fixtures, fittings and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	96	96
Ending balance	100	96
Fixtures, fittings and equipment [member] | Cost [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	300	292
Additions	27	20
Fully depreciated assets written off	(27)	(15)
Disposals	(8)	(3)
Exchange and other adjustments	(4)	6
Ending balance	288	300
Fixtures, fittings and equipment [member] | Accumulated depreciation and impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(204)	(196)
Fully depreciated assets written off	27	15
Disposals	8	3
Exchange and other adjustments	3	(4)
Provided	(21)	(18)
System Fund expense	(4)	(4)
Impairment reversal	3
Ending balance	$ (188)	$ (204)

Property, plant and equipment_2

Property, plant and equipment - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Hotel	Dec. 31, 2023 USD ($) Hotel	Dec. 31, 2022 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Number of open hotels | Hotel	17	17
Property, plant and equipment	$ 146	$ 153	$ 157
US
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	99	107
EMEAA [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss recognised in profit or loss, property, plant and equipment		10
Right-of-use assets [member] | EMEAA [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Impairment Charge		$ 2
UK Portfolio [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Reversal of impairment loss recognised in profit or loss, property, plant and equipment	$ 3		$ 3

Leases - Disclosure of quantita

Leases - Disclosure of quantitative information about right-of-use assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	$ 273	$ 280
Provided	22	22	$ 25
System Fund expense, Right-of-use assets	(2)	2	3
Ending balance, Right-of-use assets	276	273	280
Accumulated depreciation, amortisation and impairment [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	(316)	(343)
Provided	(22)	(22)
System Fund expense, Right-of-use assets	2	(2)
Transfer, Right-of-use assets	21
Terminations, Right-of-use assets	12	52
Exchange and other adjustments, Right-of-use assets	5	(1)
Ending balance, Right-of-use assets	(298)	(316)	(343)
Gross carrying amount [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	589	623
Additions and other re-measurements, Right-of-use assets	33	17
Transfer, Right-of-use assets	(31)
Terminations, Right-of-use assets	(12)	(52)
Exchange and other adjustments, Right-of-use assets	(5)	1
Ending balance, Right-of-use assets	574	589	623
Land and buildings [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	268	277
Ending balance, Right-of-use assets	272	268	277
Land and buildings [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	(266)	(294)
Provided	(21)	(22)
System Fund expense, Right-of-use assets	2	(2)
Transfer, Right-of-use assets	8	2
Terminations, Right-of-use assets	11	51
Exchange and other adjustments, Right-of-use assets	5	(1)
Ending balance, Right-of-use assets	(261)	(266)	(294)
Land and buildings [member] | Gross carrying amount [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	534	571
Additions and other re-measurements, Right-of-use assets	28	15
Transfer, Right-of-use assets	(13)	(2)
Terminations, Right-of-use assets	(11)	(51)
Exchange and other adjustments, Right-of-use assets	(5)	1
Ending balance, Right-of-use assets	533	534	571
Investment property [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	3	3
Ending balance, Right-of-use assets	2	3	3
Investment property [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	(49)	(47)
Transfer, Right-of-use assets	13	(2)
Ending balance, Right-of-use assets	(36)	(49)	(47)
Investment property [member] | Gross carrying amount [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	52	50
Transfer, Right-of-use assets	(14)	2
Ending balance, Right-of-use assets	38	52	50
Other [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	2
Ending balance, Right-of-use assets	2	2
Other [member] | Accumulated depreciation, amortisation and impairment [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	(1)	(2)
Provided	(1)
Terminations, Right-of-use assets	1	1
Ending balance, Right-of-use assets	(1)	(1)	(2)
Other [member] | Gross carrying amount [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning balance, Right-of-use assets	3	2
Additions and other re-measurements, Right-of-use assets	5	2
Transfer, Right-of-use assets	(4)
Terminations, Right-of-use assets	(1)	(1)
Ending balance, Right-of-use assets	$ 3	$ 3	$ 2

Leases - Disclosure Of Lease Li

Leases - Disclosure Of Lease Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Information Relating To Lease Liabilities [Line Items]
Current	$ 26	$ 30
Non-current	388	396
Total	414	426
US dollars [member]
Disclosure Of Information Relating To Lease Liabilities [Line Items]
Total	357	357
Sterling [member]
Disclosure Of Information Relating To Lease Liabilities [Line Items]
Total	31	32
Euros [member]
Disclosure Of Information Relating To Lease Liabilities [Line Items]
Total	3	4
Others [member]
Disclosure Of Information Relating To Lease Liabilities [Line Items]
Total	$ 23	$ 33

Leases - Dislosure Of Lease Exp

Leases - Dislosure Of Lease Expenditure Recognised Explanatory (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Presentation of leases for lessee [abstract]
Depreciation of right-of-use assets	$ 22	$ 22	$ 25
System Fund depreciation of right-of-use assets	(2)	2	3
Expense relating to variable lease payments	77	62	47
Expense relating to short-term leases and low-value assets	1	2	1
Income from operating subleases	(3)	(2)	(1)
Recognised in operating profit	95	86	75
Interest on lease liabilities	30	29	29
Total recognised in the Group income statement	$ 125	$ 115	$ 104

Leases - Disclosure of Detailed

Leases - Disclosure of Detailed Information About Lease Liabilities Recognized in Cash Flow Statement Explanatory (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Presentation of leases for lessee [abstract]
Operating activities	$ 108	$ 92	$ 72
Investing activities	(4)	0	(6)
Financing activities	46	28	36
Net cash paid	$ 150	$ 120	$ 102

Leases - Additional Information

Leases - Additional Information (Detail) £ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Leases	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 GBP (£) Leases
Disclosure Of Information Leases [Line Items]
Weighted average remaining lease term	56 years	56 years
Percentage of right of use assets value	95%	94%		95%
Lease liabilities	$ 414	$ 426
Undiscounted rent payable amount	3,366	3,403
Remaining undiscounted cash flows	$ 3,191	$ 3,212
Percentage of undiscounted cash flows relating to lease liabilities	95%	94%		95%
Percentage Of Lease Liabilities Implicit Rate	9.70%
EMEAA [Member]
Disclosure Of Information Leases [Line Items]
Impairment reversal			$ 2
Right-of-use assets [member]
Disclosure Of Information Leases [Line Items]
Description of extended lease term	20
Right-of-use assets [member] | EMEAA [Member]
Disclosure Of Information Leases [Line Items]
Impairment reversal			$ 2
Eight Priority Leases [member]
Disclosure Of Information Leases [Line Items]
Number of top leases | Leases	8			8
Undiscounted rent payable amount	$ 301
Operating Leases Excluding Inter Continental Boston lease [Member]
Disclosure Of Information Leases [Line Items]
Weighted average remaining lease term	7 years	8 years
InterContinental Boston and the US corporate headquarters [Member]
Disclosure Of Information Leases [Line Items]
Lease liabilities	$ 335	$ 342
UK Portfolio leases [Member]
Disclosure Of Information Leases [Line Items]
Annual Rent Payment | £				£ 34
Variable lease payment termination year	2043
Bottom of range [member]
Disclosure Of Information Leases [Line Items]
Lease Term	1 year
Top of range [member]
Disclosure Of Information Leases [Line Items]
Lease Term	99 years
Lease Incremental borrowing rates	10%			10%

Investment in Associates and _3

Investment in Associates and joint ventures - Summary of Investments in Associates (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates and joint ventures [line items]
Beginning balance		$ 48
Share of profits		(10)	$ (31)	$ 59
Ending balance		51	48
Investments accounted for using equity method		51	48
Cost [member]
Disclosure of associates and joint ventures [line items]
Beginning balance		101	89
Additions		6	3
Share of profits	[1]	10	13
System Fund share of losses		(2)	(3)
Dividends and distributions		(7)	(1)
Ending balance		108	101	89
Accumulated impairment [member]
Disclosure of associates and joint ventures [line items]
Beginning balance		(53)	(53)
Impairment reversal		(4)
Ending balance		(57)	(53)	$ (53)
Joint ventures [member]
Disclosure of associates and joint ventures [line items]
Investments accounted for using equity method		5	2
Barclay associate [member]
Disclosure of associates and joint ventures [line items]
Investments accounted for using equity method		7	3
Other associates [Member]
Disclosure of associates and joint ventures [line items]
Investments accounted for using equity method		$ 39	$ 43
[1]In 2023 and 2022, the total share of profits/(losses) from associates and joint ventures in the Group income statement included $18m gain and $18m loss, respectively, due to the liability recognised in 2022 and its subsequent reversal (see note 6). In 2022, $42m was included within exceptional items in addition to the $18m.

Investment in Associates and _4

Investment in Associates and joint ventures - Summary of Investments in Associates (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates and joint ventures [line items]
Profit (loss) from operating activities	$ 1,041	$ 1,066	$ 628
Exceptional Items [member]
Disclosure of associates and joint ventures [line items]
Profit (loss) from operating activities	$ 0	28	(95)
Associates [member]
Disclosure of associates and joint ventures [line items]
Obligations created for special allocation of expenses			18
Associates [member] | Exceptional Items [member]
Disclosure of associates and joint ventures [line items]
Profit (loss) from operating activities			42
Joint ventures [member] | Associates [member]
Disclosure of associates and joint ventures [line items]
Profit (loss) from operating activities		$ 18	$ (18)

Investment in Associates and _5

Investment in Associates and joint ventures - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Associate	Dec. 31, 2023	Dec. 31, 2022 USD ($)
Disclosure of investment in associates and joint ventures [line items]
Number of material associate | Associate	1
Americas Region [Member]
Disclosure of investment in associates and joint ventures [line items]
Investment in associates impairment reversal			$ 2
111 East 48th Street Holdings LLC [member]
Disclosure of investment in associates and joint ventures [line items]
Material associate investment interest	19.90%
Name of associate	111 East 48th Street Holdings LLC
Barclay associate [member]
Disclosure of investment in associates and joint ventures [line items]
Material associate investment interest	19.90%	19.90%
Description of nature of entity's relationship with associate	The Group held one associate investment which had a significant impact on profit for the prior year, a 19.9% interest in 111 East 48th Street Holdings, LLC (the ‘Barclay associate’) which owns InterContinental New York Barclay, a hotel managed by the Group. The investment is classified as an associate and equity accounted. While the Group has the ability to exercise significant influence through certain decision rights, approval rights relating to the hotel’s operating and capital budgets rest solely with the 80.1% majority member. The Group’s ability to receive cash dividends is dependent on the hotel generating sufficient income to satisfy specified owner returns.
Barclay associate [member] | 111 East 48th Street Holdings LLC [member]
Disclosure of investment in associates and joint ventures [line items]
Name of associate	111 East 48th Street Holdings
Material associate investment interest held by majority member	80.10%
American Associate [Member]
Disclosure of investment in associates and joint ventures [line items]
Impairment loss	$ 4

Investment in Associates and _6

Investment in Associates and joint ventures - Summary of Financial Information of Material Associate Investment (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Non-current assets		$ 2,879	$ 2,684
Current assets		1,869	2,129
Current liabilities		(1,928)	(2,190)
Non-current liabilities		(5,128)	(4,569)
Net assets		(2,308)	(1,946)
Revenue		4,923	4,624	$ 3,892
Profit from continuing operations and total comprehensive income for the year		628	750	$ 376
Barclay associate [member]
Disclosure of associates [line items]
Non-current assets		449	462
Current assets		112	86
Current liabilities		(21)	(23)
Non-current liabilities		(236)	(256)
Net assets		304	269
Effect of specially allocated expenses		(42)	(42)
Revenue		130	131
Profit from continuing operations and total comprehensive income for the year		15	15
Group's share of profit for the year	[1]	4	3
Barclay associate [member] | Group share of reported net assets at 19.9% [member]
Disclosure of associates [line items]
Net assets		60	53
Adjustments to reflect impairment, capitalised costs, and additional rights and obligations under the shareholder agreement		(11)	(8)
Carrying amount		$ 7	$ 3
[1]Includes specially allocated expenses and the cost of funding owner returns.

Investment in Associates and _7

Investment in Associates and joint ventures - Summary of Financial Information of Material Associate Investment (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Barclay associate [member]
Disclosure of associates [line items]
Net asset percentage	19.90%	19.90%

Other Financial Assets - Schedu

Other Financial Assets - Schedule of Other Financial Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of financial assets [line items]
Current	$ 7	$ 7
Non-current	212	185
Other financial assets	219	192
Equity security [member]
Disclosure of financial assets [line items]
Other financial assets	97	102
Restricted funds [member]
Disclosure of financial assets [line items]
Other financial assets	43	50
Ring fenced amounts to satisfy insurance claims, Cash [member] | Restricted funds [member]
Disclosure of financial assets [line items]
Other financial assets	1	2
Ring fenced amounts to satisfy insurance claims, Money market funds [member] | Restricted funds [member]
Disclosure of financial assets [line items]
Other financial assets	10	14
Accounts pledged as security | Restricted funds [member]
Disclosure of financial assets [line items]
Other financial assets	31	32
Other [member] | Restricted funds [member]
Disclosure of financial assets [line items]
Other financial assets	1	2
Trade and other receivables [member]
Disclosure of financial assets [line items]
Other financial assets	$ 79	$ 40

Other Financial Assets - Sche_2

Other Financial Assets - Schedule of Fair Value and Dividend Income of Significant Investments (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items]
Dividend income	$ 10	$ 21	$ 29
InterContinental The Willard Washington DC [member]
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items]
Equity securities measured at fair value	27	27
Dividend income	1	1
InterContinental Grand Stanford Hong Kong [member]
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items]
Equity securities measured at fair value	36	37
Dividend income	$ 0	$ 0

Other Financial Assets - Additi

Other Financial Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of financial assets [line items]
Other financial assets	$ 219	$ 192
Other Financial Asset [Member]
Disclosure of financial assets [line items]
Other financial assets	50	68
Trade deposits and loans [member]
Disclosure of financial assets [line items]
Gross amounts of trade deposits and loans	51	40
Provision for expected credit loss allowance financial assets	$ 3	$ 9

Trade and other receivables - S

Trade and other receivables - Summary of Trade and Other Receivables (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current
Trade receivables	$ 651	$ 580
Other receivables	41	68
Prepayments	93	92
Total	785	740
Non-current
Finance lease receivables	12	6
Other receivables	5	3
Prepayments	18	4
Total	$ 35	$ 13

Trade and other receivables - A

Trade and other receivables - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Maximum exposure to credit risk	$ 709	$ 657

Trade and other receivables -

Trade and other receivables - Summary of Ageing of Trade and Other Receivables (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financial assets at end of period
Gross	$ 771	$ 686
Credit loss allowance	(120)	(106)	$ (117)
Net	651	580
Past due 1 to 30 days [member]
Financial assets at end of period
Gross	90	88
Credit loss allowance	(4)	(5)
Net	86	83
Past due 31 to 90 days [member]
Financial assets at end of period
Gross	80	69
Credit loss allowance	(5)	(6)
Net	75	63
Past due 91 to 180 days [member]
Financial assets at end of period
Gross	53	51
Credit loss allowance	(8)	(8)
Net	45	43
Past due 181 to 360 days [member]
Financial assets at end of period
Gross	66	38
Credit loss allowance	(19)	(11)
Net	47	27
Past due more than 361 days [member]
Financial assets at end of period
Gross	98	86
Credit loss allowance	(84)	(75)
Net	$ 14	$ 11

Trade and other receivables -_2

Trade and other receivables - Summary of Movement in Allowance for Expected Lifetime Credit Losses of Trade and Other Receivables (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Trade and other receivables [abstract]
At 1 January	$ (106)	$ (117)
Impairment reversal/(loss)	(16)	1
System Fund impairment loss	(9)	0
Amounts written off	8	9
Exchange and other adjustments	3	1
At 31 December	$ (120)	$ (106)

Cash and cash equivalents - Sum

Cash and cash equivalents - Summary of Cash and Cash Equivalents in the Statement of Cash Flows (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents [abstract]
Cash at bank and in hand	$ 142	$ 179
Short-term deposits	411	632
Money market funds	415	375
Repurchase agreements	40	136
Cash and cash equivalents as recorded in the Group statement of financial position	1,008	1,322
Bank overdrafts	(17)	(44)
Cash and cash equivalents as recorded in the Group statement of cash flows	$ 991	$ 1,278	$ 921	$ 1,391

Cash and cash equivalents - S_2

Cash and cash equivalents - Summary of Restricted Cash and Cash Equivalents (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of Restricted Cash And Cash Equivalents [Line Items]
Restricted cash and cash equivalents	$ 22	$ 56
Local Countries [Member]
Disclosure of Restricted Cash And Cash Equivalents [Line Items]
Restricted cash and cash equivalents	2	30
UK Portfolio [member]
Disclosure of Restricted Cash And Cash Equivalents [Line Items]
Restricted cash and cash equivalents	15	14
Other Restrictions [Member]
Disclosure of Restricted Cash And Cash Equivalents [Line Items]
Restricted cash and cash equivalents	$ 5	$ 12

Cash and cash equivalents - Add

Cash and cash equivalents - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Cash and cash equivalents [line items]
Bank balances	$ 33	$ 51
Bank overdrafts	$ 17	$ 44

Trade and other payables - Summ

Trade and other payables - Summary of Trade and Other Payables (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current
Trade payables	$ 111	$ 127
Other tax and social security payable	61	47
Other payables	116	135
Deferred purchase consideration	0	13
Accruals	362	389
Trade and other current payables	650	711
Non-current
Other payables	5	6
Contingent purchase consideration	73	69
Trade and other non current payables	$ 78	$ 75

Trade and other payables - Addi

Trade and other payables - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Statement [Line Items]
Guarantees of loans made to equity accounted investments	$ 31	$ 50
Guarantees of loans made to equity accounted investments gross	0	0
Top of range [member]
Statement [Line Items]
Guarantees of loans made to equity accounted investments	$ 21	$ 21

Provisions - Summary of Provisi

Provisions - Summary of Provisions (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Disclosure of other provisions [Line Items]
Provisions, beginning balance	$ 36
Provided	18
Utilised	(9)
Released	(5)
Exchange and other adjustments	(1)
Provisions, ending balance	39
Litigation [member]
Disclosure of other provisions [Line Items]
Provisions, beginning balance	7
Provided	10
Utilised	0
Released	(3)
Exchange and other adjustments	0
Provisions, ending balance	14
Self insurance reserves [member]
Disclosure of other provisions [Line Items]
Provisions, beginning balance	14
Provided	4
Utilised	(9)
Released	0
Exchange and other adjustments	0
Provisions, ending balance	9
Other [member]
Disclosure of other provisions [Line Items]
Provisions, beginning balance	15
Provided	4
Utilised	0
Released	(2)
Exchange and other adjustments	(1)
Provisions, ending balance	$ 16

Provisions - Summary of Provi_2

Provisions - Summary of Provisions Analysed as Current and Non-Current (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of other provisions [line items]
Current	$ 22	$ 10
Non-current	17	26
Provisions current and non-current	39	36
Litigation [member]
Disclosure of other provisions [line items]
Current	13
Non-current	1
Provisions current and non-current	14	7
Self insurance reserves [member]
Disclosure of other provisions [line items]
Current	3
Non-current	6
Provisions current and non-current	9	14
Other [member]
Disclosure of other provisions [line items]
Current	6
Non-current	10
Provisions current and non-current	$ 16	$ 15

Provisions - Additional Informa

Provisions - Additional Information (Detail) $ in Millions	Dec. 31, 2024 USD ($)
Liabilities for incurred claims [member]
Statements [Line Items]
Liability for self insurance	$ 6
Reported but not settled claims [member]
Statements [Line Items]
Liability for self insurance	3
Employment related obligations [Member]
Statements [Line Items]
Liability for self insurance	7
Owned and leased properties [Member]
Statements [Line Items]
Maximum liabilities last five policy years	$ 103

Insurance - Summary of Reconcil

Insurance - Summary of Reconciliation of Changes In Insurance Contracts (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Beginning balance		$ 37	$ 32
Insurance expenses		28	21
Claims and other amounts paid		(23)	(15)
Impact of discounting and other changes		(3)	(1)
Ending balance		39	37
Current		14	12
Non-current		25	25
Total		39	37
Incurred but not reported claims (‘IBNR') [member]
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Beginning balance	[1]	20
Ending balance	[1]	18	20
Total	[1]	18	20
Reported but not settled claims [member]
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Beginning balance		17
Ending balance		21	17
Total		$ 21	$ 17
[1]Includes unallocated loss expenses.

Insurance - Additional Informat

Insurance - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statements [Line Items]
Insurance contracts that are liabilities	$ 39	$ 37	$ 32
International general liability principally for managed hotels [member]
Statements [Line Items]
Insurance contracts that are liabilities	15	19
Managed hotels [member]
Statements [Line Items]
Maximum liabilities last five policy years	17	14
Owned and leased properties [member]
Statements [Line Items]
Maximum liabilities last five policy years	$ 71	$ 49

Insurance - Summary of Analysis

Insurance - Summary of Analysis of Insurance Revenue (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Insurances [Abstract]
Revenue from insurance activities	$ 23	$ 21	$ 15
Insurance expenses (inclusive of overhead costs)	(29)	(23)
Insurance result	$ (6)	$ (2)

Loans and Other Borrowings - Su

Loans and Other Borrowings - Summary of Loans and Other Borrowings (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about borrowings [line items]
Current	$ 398	$ 599
Non-current	2,876	2,567
Total	3,274	3,166
EUR500m 1.625% bonds 2024 [member]
Disclosure of detailed information about borrowings [line items]
Current	$ 0	555
Maturity date	8 October 2024
Discount at issue %	0.437%
GBP300m 3.75% bonds 2025 [member]
Disclosure of detailed information about borrowings [line items]
Current	$ 381	0
Non-current	0	387
Total	$ 381	387
Maturity date	14 August 2025
Discount at issue %	0.986%
GBP350m 2.125% bonds 2026 [member]
Disclosure of detailed information about borrowings [line items]
Non-current	$ 441	449
Total	$ 441	449
Maturity date	24 August 2026
Discount at issue %	0.55%
EUR500m 2.125% bonds 2027 [member]
Disclosure of detailed information about borrowings [line items]
Non-current	$ 526	559
Total	$ 526	559
Maturity date	15 May 2027
Discount at issue %	0.47%
GBP400m 3.375% bonds 2028 [member]
Disclosure of detailed information about borrowings [line items]
Non-current	$ 502	509
Maturity date	8 October 2028
Discount at issue %	1.034%
EUR600m 4.375% bonds 2029 [member]
Disclosure of detailed information about borrowings [line items]
Non-current	$ 623	663
Maturity date	28 November 2029
Discount at issue %	0.098%
EUR750m 3.625% bonds 2031 [Member]
Disclosure of detailed information about borrowings [line items]
Non-current	$ 784
Maturity date	27 September 2031
Discount at issue %	0.116%
Bank Overdrafts [member]
Disclosure of detailed information about borrowings [line items]
Current	$ 17	44
Sterling [member]
Disclosure of detailed information about borrowings [line items]
Total	1,324	1,345
US dollars [member]
Disclosure of detailed information about borrowings [line items]
Total	16	44
Euros [member]
Disclosure of detailed information about borrowings [line items]
Total	1,933	1,777
Other currencies [member]
Disclosure of detailed information about borrowings [line items]
Total	$ 1	$ 0

Loans and Other Borrowings - Ad

Loans and Other Borrowings - Additional Information (Detail) - Revolving Credit Facilities [Member] - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about borrowings [line items]
Line of credit facility maximum borrowings capacity	$ 1,350
Uncommitted facility [member]
Disclosure of detailed information about borrowings [line items]
Unutilised facilities provided by banks	0	$ 0
Utilised facilities	$ 0	$ 0

Net Debt - Summary of Net Debt

Net Debt - Summary of Net Debt (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of net debt [abstract]
Cash and cash equivalents	$ 1,008	$ 1,322
Loans and other borrowings - current	(398)	(599)
Loans and other borrowings - non-current	(2,876)	(2,567)
Lease liabilities-current	(26)	(30)
Lease liabilities-non current	(388)	(396)
Principal amounts payable on maturity of derivative financial instruments (note 23)	(102)	(2)
Net debt	$ (2,782)	$ (2,272)	$ (1,851)

Net Debt - Summary of Movement

Net Debt - Summary of Movement in Net Debt (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Movement in net debt
Net increase/(decrease) in cash and cash equivalents, net of overdrafts	$ (269)	$ 339	$ (393)
Add back financing cash flows in respect of other components of net debt:
Principal element of lease payments	46	28
Issue of long-term bonds	(834)	(657)
Repayment of long-term bonds	547	0	209
Settlement of currency swaps	45	0
Total financing cash flows in respect of other components of net debt	(196)	(629)
Increase in net debt arising from cash flows	(465)	(290)
Other movements:
Lease liabilities	(36)	(25)
Increase in accrued interest	(6)	(2)
Exchange and other adjustments	(3)	(104)
Total other movements	(45)	(131)
(Increase)/decrease in net debt	(510)	(421)
Net debt at beginning of the year	(2,272)	(1,851)
Net debt at end of the year	$ (2,782)	$ (2,272)	$ (1,851)

Net Debt - Summary of Loans and

Net Debt - Summary of Loans and Other Borrowings and Currency Swaps, Excluding Bank Overdrafts (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about borrowings [line items]
Beginning balance	$ 3,553	$ 2,772
Cash flows	196	629
Exchange adjustment	(159)	125
Other	155	27
Ending balance	3,745	3,553
Lease liabilities [member]
Disclosure of detailed information about borrowings [line items]
Beginning balance	426	427
Cash flows	(46)	(28)
Exchange adjustment	(2)	2
Other	36	25
Ending balance	414	426
Currency swaps [member]
Disclosure of detailed information about borrowings [line items]
Beginning balance	20	4
Other		16
Ending balance		20
Currency Swaps Exchange Of Principal [Member]
Disclosure of detailed information about borrowings [line items]
Beginning balance	20
Cash flows	(45)
Exchange adjustment	0
Other	103
Ending balance	78	20
Currency forwards [member]
Disclosure of detailed information about borrowings [line items]
Beginning balance	(15)
Cash flows	0
Exchange adjustment	0
Other	11	(15)
Ending balance	(4)	(15)
Loans and other borrowings before currency swaps (excluding bank overdrafts) [member]
Disclosure of detailed information about borrowings [line items]
Beginning balance	3,548	2,768
Cash flows	241	629
Exchange adjustment	(159)	125
Other	41	26
Ending balance	3,671	3,548
Bond [Member]
Disclosure of detailed information about borrowings [line items]
Beginning balance	3,122	2,341
Cash flows	287	657
Exchange adjustment	(157)	123
Other	5	1
Ending balance	$ 3,257	$ 3,122

Financial risk management and_3

Financial risk management and derivative financial instruments - Additional Information (Detail) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 EUR (€)	Sep. 30, 2024 EUR (€)	Nov. 30, 2023 EUR (€)
Disclosure of financial risk management [line items]
Change in value of hedged item used as basis for recognising hedge ineffectiveness	$ (7)	$ 15	$ (6)
Funds held in foreign countries where repatriation is restricted	$ 22	$ 56
Cash flow leverage ratio	2.34	2.09		2.34
Ratio between the hedged item and the hedging instrument	1			1
Currency swaps [member]
Disclosure of financial risk management [line items]
Other fair value elements of currency swaps	$ (28)	$ (3)
Currency swaps [member] | Carrying Amounts [Member]
Disclosure of financial risk management [line items]
Gain (loss) on carrying amount	$ (102)	$ (2)
EUR500m 2.125% bonds 2027 [member]
Disclosure of financial risk management [line items]
Swaps held by Group | €				€ 500
Interest rate	2.125%			2.125%
EUR500m 1.625% bonds 2024 [member]
Disclosure of financial risk management [line items]
Swaps held by Group | €				€ 500
Interest rate	1.625%			1.625%
EUR750m 3.625% bonds 2031 [member]
Disclosure of financial risk management [line items]
Swaps held by Group | €					€ 750
Interest rate					3.625%
EUR600m 4.375% bonds 2029 [member]
Disclosure of financial risk management [line items]
Swaps held by Group | €				€ 600	€ 750	€ 600
Interest rate	4.375%			4.375%		4.375%
Revolving Credit Facilities [Member]
Disclosure of financial risk management [line items]
Interest margin payable	0.60%			0.60%
Interest rate risk [member]
Disclosure of financial risk management [line items]
Interest rate on deposits	1%			1%
Interest rate risk [member] | Fixed interest rate [member]
Disclosure of financial risk management [line items]
Description of fixed Interest rate borrowings	The Group’s policy requires a minimum of 50% fixed rate debt.
Fixed Interest rate borrowings	100%	100%		100%
Liquidity risk [member]
Disclosure of financial risk management [line items]
Funds held in foreign countries where repatriation is restricted	$ 2	$ 30
Number of financial covenants	two

Financial risk management and_4

Financial risk management and derivative financial instruments - Summary of Derivative Financial Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Derivative Financial Instruments [line items]
Derivative financial instruments	$ (74)	$ (5)
Non-current assets [member]
Disclosure Of Derivative Financial Instruments [line items]
Derivative financial instruments	4	20
Current liabilities [Member]
Disclosure Of Derivative Financial Instruments [line items]
Derivative financial instruments	0	(25)
Non-current liabilities [member]
Disclosure Of Derivative Financial Instruments [line items]
Derivative financial instruments	(78)
Currency swaps [member]
Disclosure Of Derivative Financial Instruments [line items]
Derivative financial instruments	(78)	(20)
Currency forwards [member]
Disclosure Of Derivative Financial Instruments [line items]
Derivative financial instruments	$ 4	$ 15

Financial risk management and_5

Financial risk management and derivative financial instruments - Disclosure of Detailed Information About Hedging Instruments (Detail) £ in Millions, Euro in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Euro GBP (£)	Dec. 31, 2023 USD ($)
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Fair value | $	$ (90)	$ (14)
Cash flow hedge of November 2018 [Member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Maturity	May 2027
Hedging instrument-Risk	Foreign exchange
Hedging instrument-Type	Cash flow
Hedging instrument-Hedged item	€500m 2.125% bonds 2027
Cash flow hedge of November 2018 [Member] | Pay Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Payleg | £	436
Cash flow hedge of November 2018 [Member] | Pay Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	3.50%
Cash flow hedge of November 2018 [Member] | Receive Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Receive leg | Euro	500
Cash flow hedge of November 2018 [Member] | Receive Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	2.125%
Cash flow hedge of October 2020 [Member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Maturity	October 2024
Hedging instrument-Risk	Foreign exchange
Hedging instrument-Type	Cash flow
Hedging instrument-Hedged item	€500m 1.625% bonds 2024
Cash flow hedge of October 2020 [Member] | Pay Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Payleg | £	454
Cash flow hedge of October 2020 [Member] | Pay Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	2.70%
Cash flow hedge of October 2020 [Member] | Receive Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Receive leg | Euro	500
Cash flow hedge of October 2020 [Member] | Receive Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	1.625%
Cash flow hedge of November 2023 [Member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Maturity	November 2029
Hedging instrument-Risk	Foreign exchange
Hedging instrument-Type	Cash flow
Hedging instrument-Hedged item	€600m 4.375% bonds 2029
Cash flow hedge of November 2023 [Member] | Pay Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Payleg | $	657
Cash flow hedge of November 2023 [Member] | Pay Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	6%
Cash flow hedge of November 2023 [Member] | Receive Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Receive leg | Euro	600
Cash flow hedge of November 2023 [Member] | Receive Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	4.375%
Cash flow hedge of September 2024 [Member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Maturity	September 2031
Hedging instrument-Risk	Foreign exchange
Hedging instrument-Type	Cash flow
Hedging instrument-Hedged item	€750m 3.625% bonds 2031
Cash flow hedge of September 2024 [Member] | Pay Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Payleg | $	834
Cash flow hedge of September 2024 [Member] | Pay Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	4.90%
Cash flow hedge of September 2024 [Member] | Receive Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Receive leg | Euro	750
Cash flow hedge of September 2024 [Member] | Receive Hedging Instrument [member] | Fixed interest rate [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Interest rate	3.625%
Net investment hedge of October 2023 [Member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument - Maturity	October 2028
Hedging instrument-Risk	Spot foreign exchange
Hedging instrument-Type	Net investment
Hedging instrument-Hedged item	Net assets of specified subsidiaries with US dollar foreign currency
Net investment hedge of October 2023 [Member] | Pay Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Payleg | $	425
Net investment hedge of October 2023 [Member] | Receive Hedging Instrument [member]
Disclosure of detailed information about hedging instruments [line items]
Hedging instrument- Receive leg | £	344

Financial risk management and_6

Financial risk management and derivative financial instruments - Summary of Interest and Foreign Exchange Risk Sensitivities (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Impact on (loss) profit before tax [member] | Currency risk [member] | Sterling US dollar exchange rate [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Impact of 5 cent fall in exchange rate	$ (38)	$ (14)	$ (3)
Impact on (loss) profit before tax [member] | Currency risk [member] | Euro US dollar exchange rate [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Impact of 5 cent fall in exchange rate	(7)	(3)
Impact on (loss) profit before tax [member] | Interest rate risk [member] | US dollar interest rates [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Impact of 1% increase interest rates	4	2	4
Impact on (loss) profit before tax [member] | Interest rate risk [member] | Sterling interest rates [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Impact of 1% increase interest rates	3	9	4
Impact on net liabilities [member] | Currency risk [member] | Sterling US dollar exchange rate [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Impact of 5 cent fall in exchange rate	3	(12)	27
Impact on net liabilities [member] | Currency risk [member] | Euro US dollar exchange rate [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Impact of 5 cent fall in exchange rate	25	49	50
Impact on net liabilities [member] | Currency risk [member] | Sterling: Euro exchange rate [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Impact of 5 cent fall in exchange rate	$ 31	$ 64	$ 60

Financial risk management and_7

Financial risk management and derivative financial instruments - Summary of Amended Covenant Test Levels For Syndicated and Bilateral Facilities (Detail)	12 Months Ended
	Dec. 31, 2024
Minimum [Member]
Amended covenant test levels for revolving credit facility [Line Items]
Interest cover	3.5
Maximum [Member]
Amended covenant test levels for revolving credit facility [Line Items]
Leverage	4

Financial risk management and_8

Financial risk management and derivative financial instruments - Summary of covenant tests (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Disclosure Of Detailed Information About Covenant Tests [Line Items]
Covenant net debt	$ 2,782	$ 2,272	$ 1,851
Covenant Measures [Member]
Disclosure Of Detailed Information About Covenant Tests [Line Items]
Covenant EBITDA	1,195	1,086	896
Covenant net debt	2,804	2,328	1,898
Covenant interest payable	$ 123	$ 88	$ 109
Leverage	2.35	2.14	2.12
Interest cover	9.72	12.34	8.22

Financial risk management and_9

Financial risk management and derivative financial instruments - Summary of Undiscounted Contractual Cash Flows of Financial Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Non-derivative financial liabilities:
Lease liabilities	$ 3,366	$ 3,403
Forward currency contract inflows [Member]
Derivative financial instruments:
Currency swaps hedging	(431)	(438)
Forward currency contract outflows [Member]
Derivative financial instruments:
Currency swaps hedging	425	425
Currency swaps hedging bonds inflows [member]
Derivative financial instruments:
Currency swaps hedging	(2,293)	(2,003)
Currency swaps hedging bonds outflows [member]
Derivative financial instruments:
Currency swaps hedging	2,574	2,112
Deferred and contingent purchase consideration [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities		94
Bank Overdrafts [member]
Non-derivative financial liabilities:
Borrowings	17	44
Trade Payables [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	594	657
Bonds [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	3,709	3,483
Contingent purchase consideration [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	81
Financial Guarantee Contracts [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	31	50
Due within one year [member]
Non-derivative financial liabilities:
Lease liabilities	52	57
Due within one year [member] | Currency swaps hedging bonds inflows [member]
Derivative financial instruments:
Currency swaps hedging	(66)	(604)
Due within one year [member] | Currency swaps hedging bonds outflows [member]
Derivative financial instruments:
Currency swaps hedging	101	653
Due within one year [member] | Deferred and contingent purchase consideration [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities		13
Due within one year [member] | Bank Overdrafts [member]
Non-derivative financial liabilities:
Borrowings	17	44
Due within one year [member] | Trade Payables [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	589	651
Due within one year [member] | Bonds [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	482	644
Due within one year [member] | Financial Guarantee Contracts [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	31	50
Between 1 and 2 years [member]
Non-derivative financial liabilities:
Lease liabilities	50	52
Between 1 and 2 years [member] | Currency swaps hedging bonds inflows [member]
Derivative financial instruments:
Currency swaps hedging	(66)	(41)
Between 1 and 2 years [member] | Currency swaps hedging bonds outflows [member]
Derivative financial instruments:
Currency swaps hedging	100	59
Between 1 and 2 years [member] | Trade Payables [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	1	1
Between 1 and 2 years [member] | Bonds [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	531	464
Between 1 and 2 years [member] | Contingent purchase consideration [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	39
After two but before five years [member]
Non-derivative financial liabilities:
Lease liabilities	139	130
After two but before five years [member] | Forward currency contract inflows [Member]
Derivative financial instruments:
Currency swaps hedging	(431)	(438)
After two but before five years [member] | Forward currency contract outflows [Member]
Derivative financial instruments:
Currency swaps hedging	425	425
After two but before five years [member] | Currency swaps hedging bonds inflows [member]
Derivative financial instruments:
Currency swaps hedging	(1,324)	(664)
After two but before five years [member] | Currency swaps hedging bonds outflows [member]
Derivative financial instruments:
Currency swaps hedging	1,457	704
After two but before five years [member] | Deferred and contingent purchase consideration [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities		81
After two but before five years [member] | Trade Payables [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	1	3
After two but before five years [member] | Bonds [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	1,859	1,681
After two but before five years [member] | Contingent purchase consideration [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	42
More than 5 years [member]
Non-derivative financial liabilities:
Lease liabilities	3,125	3,164
More than 5 years [member] | Currency swaps hedging bonds inflows [member]
Derivative financial instruments:
Currency swaps hedging	(837)	(694)
More than 5 years [member] | Currency swaps hedging bonds outflows [member]
Derivative financial instruments:
Currency swaps hedging	916	696
More than 5 years [member] | Trade Payables [Member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	3	2
More than 5 years [member] | Bonds [member]
Non-derivative financial liabilities:
Non-derivative financial liabilities	$ 837	$ 694

Financial risk management an_10

Financial risk management and derivative financial instruments - Disclosure of Short-term Deposits by Counterparty Credit Rating (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of credit risk exposure [line items]
Short-term deposits	$ 411	$ 632
Money market funds	415	375
Repurchase agreement collateral	40	136
AAA credit rating [member]
Disclosure of credit risk exposure [line items]
Short-term deposits	0	0
Money market funds	415	375
Repurchase agreement collateral	26	110
AA plus credit rating [member]
Disclosure of credit risk exposure [line items]
Short-term deposits	0	0
Money market funds	0	0
Repurchase agreement collateral	9	6
AA credit rating [member]
Disclosure of credit risk exposure [line items]
Short-term deposits	0	0
Money market funds	0	0
Repurchase agreement collateral	2	0
AA minus Credit Rating [member]
Disclosure of credit risk exposure [line items]
Short-term deposits	41	129
Money market funds	0	0
Repurchase agreement collateral	3	20
A plus credit rating [member]
Disclosure of credit risk exposure [line items]
Short-term deposits	107	147
Money market funds	0	0
Repurchase agreement collateral	0	0
A credit rating [member]
Disclosure of credit risk exposure [line items]
Short-term deposits	249	258
Money market funds	0	0
Repurchase agreement collateral	0	0
A minus credit rating [member]
Disclosure of credit risk exposure [line items]
Short-term deposits	0	77
Money market funds	0	0
Repurchase agreement collateral	0	0
BBB plus and below [Member]
Disclosure of credit risk exposure [line items]
Short-term deposits	14	21
Money market funds	0	0
Repurchase agreement collateral	$ 0	$ 0

Classification and measuremen_3

Classification and measurement of financial instruments - Summary of Carrying Amounts and Fair Values of Financial Assets and Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of fair value measurement of assets [line items]
Other financial assets	$ 212	$ 185
Level 1 [member]
Disclosure of fair value measurement of assets [line items]
Other financial assets	43	14
Level 3 [member]
Disclosure of fair value measurement of assets [line items]
Other financial assets	126	110
Derivative financial instruments [Member]
Disclosure of fair value measurement of assets [line items]
Financial liabilities, at fair value	(78)	25
Financial Liabilities	(78)	25
Deferred compensation plan liabilities [Member]
Disclosure of fair value measurement of assets [line items]
Financial liabilities, at fair value	(286)	250
Financial Liabilities	(286)	250
Loans and other borrowings [Member]
Disclosure of fair value measurement of assets [line items]
Financial liabilities at amortised cost	(3,274)	(3,166)
Financial Liabilities	(3,274)	3,166
Trade and other payables [Member]
Disclosure of fair value measurement of assets [line items]
Financial liabilities, at fair value	(73)	69
Financial liabilities at amortised cost	(594)	(670)
Financial liabilities, Not categorised as a financial instrument	(61)	47
Financial Liabilities	(728)	786
Other financial assets [member]
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	169	124
Financial assets at amortised cost	50	68
Financial assets	219	192
Cash and cash equivalent [member]
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	415	375
Financial assets at amortised cost	593	947
Financial assets	1,008	1,322
Derivative financial instruments [Member]
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	4	20
Financial assets	4	20
Deferred Compensation Plan Investments [Member]
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	286	250
Financial assets	286	250
Trade and other receivables [member]
Disclosure of fair value measurement of assets [line items]
Financial assets at amortised cost	697	651
Financial assets, Not categorised as a financial instrument	123	102
Financial assets	820	753
Equity Security [Member]
Disclosure of fair value measurement of assets [line items]
Other financial assets	$ 89	$ 87

Classification and measuremen_4

Classification and measurement of financial instruments - Summary of Fair Value Measurement Hierarchy of Assets and Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Liabilities
Loans and other borrowings	$ 3,274	$ 3,166
EUR500m 1.625% bonds 2024 [member]
Liabilities
Loans and other borrowings	0	555
GBP300m 3.75% bonds 2025 [member]
Liabilities
Loans and other borrowings	381	387
GBP350m 2.125% bonds 2026 [member]
Liabilities
Loans and other borrowings	441	449
EUR500m 2.125% bonds 2027 [member]
Liabilities
Loans and other borrowings	526	559
GBP400m 3.375% bonds 2028 [member]
Liabilities
Loans and other borrowings	502	509
EUR600m 4.375% bonds 2029 [member]
Liabilities
Loans and other borrowings	623	663
EUR750m 3.625% bonds 2031 [member]
Liabilities
Loans and other borrowings	784
Fair value [member] | EUR500m 1.625% bonds 2024 [member]
Liabilities
Loans and other borrowings	0	545
Fair value [member] | GBP300m 3.75% bonds 2025 [member]
Liabilities
Loans and other borrowings	373	373
Fair value [member] | GBP350m 2.125% bonds 2026 [member]
Liabilities
Loans and other borrowings	418	416
Fair value [member] | EUR500m 2.125% bonds 2027 [member]
Liabilities
Loans and other borrowings	513	535
Fair value [member] | GBP400m 3.375% bonds 2028 [member]
Liabilities
Loans and other borrowings	471	476
Fair value [member] | EUR600m 4.375% bonds 2029 [member]
Liabilities
Loans and other borrowings	658	$ 689
Fair value [member] | EUR750m 3.625% bonds 2031 [member]
Liabilities
Loans and other borrowings	$ 786

Classification and measuremen_5

Classification and measurement of financial instruments - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2018
Disclosure of fair value measurement of assets and liabilities [line items]
Contingent Consideration change description	The significant unobservable inputs used to determine the fair value of the contingent purchase consideration are the projected trailing revenues of RHW and the date of exercising the options. If the annual trailing revenue of RHW were to exceed the floor by 10%, the amount of the contingent purchase consideration recognised in the Group Financial Statements would increase by $7m (2023: $7m). If the date for exercising the options is assumed to be 2033 and the amount payable is based on the floor, the amount of the undiscounted contingent purchase consideration would be $86m (2023: $86m).
Contingent purchase consideration	$ 73	$ 69
Expected trade receivables and loans	31
Barclay associate [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Put Option Value Of Investment In Associate	$ 0	$ 0
Regent Hospitality Worldwide Inc [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Percentage of voting equity interests acquired			51%
Ownership Percentage			100%
Bottom of range [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Non-marketability factor	20%	20%
Top of range [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Non-marketability factor	30%	30%
Regent [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Beneficial interest			49%
Regent [member] | Bottom of range [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Disclosure of significant unobservable inputs used in fair value measurement of liabilities	$ 81
Regent [member] | Top of range [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Disclosure of significant unobservable inputs used in fair value measurement of liabilities	261
Payable 2024 [member] | Regent [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Liabilities incurred	13
Payment due in 2026 [member] | Regent [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Cash consideration	$ 39
Payment due in 2026 [member] | Regent [member] | Regent Hospitality Worldwide Inc [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Beneficial interest	25%
Cash consideration years	2026
Payment due in 2028 [member] | Regent [member] | Regent Hospitality Worldwide Inc [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Beneficial interest	24%
Cash consideration	$ 42
Cash consideration years	2028
Discount rate, measurement input [member] | Bottom of range [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Percentage of possible increase in unobservable input, liabilities	6.40%	6.40%
Discount rate, measurement input [member] | Top of range [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Percentage of possible increase in unobservable input, liabilities	10%	10%
Annual trailing revenue exceeding the floor [Member] | Regent [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Sensitivity analysis annual trailing revenue exceeding the floor	10%
Increase (decrease) in contingent consideration	$ 7	$ 7
Exercising the options in 2033 [Member] | Regent [member]
Disclosure of fair value measurement of assets and liabilities [line items]
Contingent purchase consideration	$ 86	$ 86

Classification and measuremen_6

Classification and measurement of financial instruments - Summary of Reconciliation of Movements in the Fair Values of Financial Instruments Classified as Level 3 (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Disclosure of fair value measurement of assets and liabilities [line items]
At 1 January	$ 4,813
At 31 December	4,748	$ 4,813
At 1 January	(6,759)
Unrealised changes in fair value	(4)	(4)		$ 8
At 31 December	(7,056)	(6,759)
Other financial assets [member]
Disclosure of fair value measurement of assets and liabilities [line items]
At 1 January	110	103
Valuation losses recognised in other comprehensive income		(2)
Additions	20	8
Unrealised changes in fair value	0
Repayment and disposals	(4)
Exchange and other adjustments		1
At 31 December	126	110		103
Contingent purchase consideration [Member]
Disclosure of fair value measurement of assets and liabilities [line items]
Repayment and disposals	0
At 1 January	(69)	(65)
Additions	0
Unrealised changes in fair value	(4)	(4)	[1]
Exchange and other adjustments		0
At 31 December	(73)	(69)		(65)
Other Payables [Member]
Disclosure of fair value measurement of assets and liabilities [line items]
Repayment and disposals	0
At 1 January	0	(18)
Additions	0
Unrealised changes in fair value	0	18	[1]
Exchange and other adjustments		0
At 31 December	$ 0	$ 0		$ (18)
[1]The change in the fair value of other payables was recognised within share of profits/(losses) from associates and joint ventures in the Group income statement and was presented as an exceptional item (see note [6]).

Reconciliation of profit for _3

Reconciliation of profit for the year to cash flow from operations - Summary of Reconciliation of Profit for the Year to Cash Flow From Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of profit (loss) to net cash flows from operating activities [Line Items]
Profit for the year	$ 628	$ 750	$ 376
Adjustments for:
Net financial expenses	140	52	96
Fair value losses/(gains) on contingent purchase consideration	4	4	(8)
Income tax charge	269	260	164
Operating profit adjustments:
Impairment loss/(reversal) on financial assets	10	(1)	5
Other net impairment (reversals)/charges	0	0	(5)
Other operating exceptional items	12	(28)	100
Depreciation and amortisation	65	67	68
Operating profit adjustments	87	38	168
Contract assets deduction in revenue	43	37	32
Share-based payments cost	44	36	30
Share of profits of associates and joint ventures (before exceptional items)	(10)	(31)	59
Other adjustments for non-cash items	77	60	61
System Fund adjustments:
Depreciation and amortisation	80	83	86
Impairment loss on financial assets	9	0	7
Other impairment charges	3	0	0
Share-based payments cost	23	20	16
Share of losses of associates	2	3	1
System fund adjustments	117	106	110
Working capital and other adjustments:
Increase in deferred revenue	214	123	108
Increase in trade and other receivables	(106)	(70)	(132)
(Decrease)/increase in trade and other payables	(45)	31	121
Other adjustments	(7)	(5)	4
Working capital and other adjustments	56	79	101
Cash flows relating to exceptional items	8	(29)	(43)
Contract acquisition costs, net of repayments	(237)	(101)	(64)
Total adjustments	521	469	585
Cash flow from operations	1,149	1,219	961
Excluding exceptional items [member]
Operating profit adjustments:
Share of profits of associates and joint ventures (before exceptional items)	$ (10)	$ (13)	$ (1)

Reconciliation of profit for _4

Reconciliation of profit for the year to cash flow from operations before contract acquisition costs - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of profit (loss) to net cash flows from operating activities [Line Items]
Adjustment For Increase Decrease In Deferred Income	$ 214	$ 123	$ 108
Co branding [Member]
Reconciliation of profit (loss) to net cash flows from operating activities [Line Items]
Adjustment For Increase Decrease In Deferred Income	$ 100

Retirement benefits - Additiona

Retirement benefits - Additional Information (Detail) £ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2024 GBP (£)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Actuarial assumption of expected rates of mortality [Member]
Disclosure of defined benefit plans [line items]
Mortality - per annum long term trend	1.25%
Other Overseas Pension Plans [member]
Disclosure of defined benefit plans [line items]
Description of retirement benefit plan	The Group also operates a number of smaller pension plans outside the UK, the most significant of which is a defined contribution plan in the US which is designed to comply with the requirements of the Internal Revenue Code Section 409A.
Description of mortality assumptions	Mortality is the most significant demographic assumption. The current assumptions for the UK are based on the S3PA ‘light’ year of birth tables with projected mortality improvements using the CMI_2023 model and a 1.25% per annum long-term trend and a smoothing parameter (‘s-kappa’) of 7.0 with weightings of 92% and 86% for pensioners and 87% and 86% for non-pensioners, male and female respectively. In the US, the current assumptions use rates from the Pri-2012 Mortality Study and Generationally Projected with Scale MP-2021 mortality tables.
Pensioners male [member]
Disclosure of defined benefit plans [line items]
Actuarial assumption of mortality rates	92	92
Pensioners female [member]
Disclosure of defined benefit plans [line items]
Actuarial assumption of mortality rates	86	86
Non-pensioners male [member]
Disclosure of defined benefit plans [line items]
Actuarial assumption of mortality rates	87	87
Non-pensioners female [member]
Disclosure of defined benefit plans [line items]
Actuarial assumption of mortality rates	86	86
United Kingdom [member]
Disclosure of defined benefit plans [line items]
Explanation of changes in description of retirement benefit plan	The former defined benefit plan, the InterContinental Hotels UK Pension Plan, was wound up in 2015 following the completion of the buy-out and transfer of the defined benefit obligations to Rothesay Life.
Approximate extinguishment of the unfunded pension obligations	70%
Bank accounts pledged as security	$ 31	£ 25
Philippines [member]
Disclosure of defined benefit plans [line items]
Net retirement benefit asset	3		$ 3
Plan assets	13		12
Defined benefit obligation	10		9
Wholly unfunded defined benefit plans [member] | Net Defined Asset Liability [Member] | Non United States [Member]
Disclosure of defined benefit plans [line items]
Defined Benefit Obligation Value Of Unfunded Post Employment Plans	$ 7		$ 0	$ 0

Retirement benefits - Defined B

Retirement benefits - Defined Benefit Plan (Detail) - Net defined benefit liability (asset) [member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statements [Line Items]
At 1 January	$ 66	$ 66	$ 92
Interest expense	5	3	2
Total	5	3	2
Demographic assumptions	0	(1)	(1)
Financial assumptions	(3)	2	(22)
Experience adjustments	(1)	1	2
Re-measurement (gain)/loss	(4)	2	(21)
Exchange and other adjustments	7	0	(2)
Total	3	2	(23)
Group contributions	(6)	(5)	(5)
Total	(6)	(5)	(5)
At 31 December	68	66	66
United Kingdom [member] | Unfunded Plans [member]
Statements [Line Items]
Unfunded Plans	17	19	18
United States [member] | Unfunded Plans [member]
Statements [Line Items]
Unfunded Plans	31	34	35
Unfunded post-employment plans	13	13	13
Other post-employment benefit plans	13	13	13
Non United States [Member] | Unfunded Plans [member]
Statements [Line Items]
Unfunded post-employment plans	7	0	0
Other post-employment benefit plans	$ 7	$ 0	$ 0

Retirement benefits - Summary o

Retirement benefits - Summary of Principal Financial Assumptions Used to Determine Benefit Obligations (Detail)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
United Kingdom [member]
Disclosure of defined benefit plan actuarial assumptions [line items]
Pension increases	3.20%	3.10%	3.20%
Inflation rate	3.20%	3.10%	3.20%
Discount rate	5.60%	4.80%	5%
United States [member]
Disclosure of defined benefit plan actuarial assumptions [line items]
Discount rate	5.30%	4.70%	4.90%
Ultimate rate that the cost trend rate trends to	4.50%	4.50%	4.50%
United States [member] | Pre 65 [member]
Disclosure of defined benefit plan actuarial assumptions [line items]
Healthcare cost trend rate	8.60%	7.80%	6.90%
United States [member] | Post 65 [member]
Disclosure of defined benefit plan actuarial assumptions [line items]
Healthcare cost trend rate	9.70%	8.60%	7.30%
US post-retirement plan [member]
Disclosure of defined benefit plan actuarial assumptions [line items]
Discount rate	5.30%	4.70%	4.90%

Retirement benefits - Defined_2

Retirement benefits - Defined Benefit Plans - Life Expectancy Assumptions at Retirement Age (Detail) - Plan [member]		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
United Kingdom [member] | Current pensioners at 65 - male [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[1]	23 years	23 years	24 years
United Kingdom [member] | Current pensioners at 65 - female [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[1]	25 years	25 years	26 years
United Kingdom [member] | Future pensioners at 65 - male [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[2]	23 years	23 years	25 years
United Kingdom [member] | Future pensioners at 65 - female [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[2]	25 years	25 years	27 years
United States [member] | Current pensioners at 65 - male [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[1]	22 years	22 years	22 years
United States [member] | Current pensioners at 65 - female [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[1]	23 years	23 years	23 years
United States [member] | Future pensioners at 65 - male [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[2]	23 years	23 years	23 years
United States [member] | Future pensioners at 65 - female [member]
Disclosure Of Forecast Life Expectancies [line items]
Actuarial assumption of life expectancy after retirement	[2]	25 years	25 years	25 years
[1]Relates to assumptions based on longevity following retirement at the end of the reporting period.[2]Relates to assumptions based on longevity relating to an employee retiring in 2044.

Retirement benefits - Defined_3

Retirement benefits - Defined Benefit Plans - Sensitivity Analysis of Actuarial Assumptions (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Discount rate [member]
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Percentage of reasonably possible decrease in actuarial assumption	1%
Percentage of reasonably possible increase in actuarial assumption	1%
Decrease in liabilities	$ 5	$ 6
Increase in liabilities	$ (5)	(6)
Inflation rate [member]
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Percentage of reasonably possible decrease in actuarial assumption	0.25%
Percentage of reasonably possible increase in actuarial assumption	0.25%
Decrease in liabilities	$ (1)	(1)
Increase in liabilities	$ 0	1
Mortality rate [member]
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Year of reasonably possible increase in actuarial assumption	One-year
Increase in liabilities	$ 2	3
Healthcare costs trend rate [Member]
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Percentage of reasonably possible decrease in actuarial assumption	1%
Percentage of reasonably possible increase in actuarial assumption	1%
Decrease in liabilities	$ (1)	(1)
Increase in liabilities	$ 1	$ 1

Retirement benefits - Summary_2

Retirement benefits - Summary of Estimated Future Benefit Payments (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of net defined benefit liability/asset [line items]
Estimated future benefit payments	$ 106	$ 112
Due within one year [member]
Disclosure of net defined benefit liability/asset [line items]
Estimated future benefit payments	5	5
Between one and five years [member]
Disclosure of net defined benefit liability/asset [line items]
Estimated future benefit payments	20	21
More than 5 years [member]
Disclosure of net defined benefit liability/asset [line items]
Estimated future benefit payments	$ 81	$ 86
Plan [member] | United Kingdom [member]
Disclosure of net defined benefit liability/asset [line items]
Average duration of obligation (years)	12 years	13 years
Plan [member] | United States [member]
Disclosure of net defined benefit liability/asset [line items]
Average duration of obligation (years)	7 years 1 month 6 days	7 years 6 months
US post-retirement plan [member]
Disclosure of net defined benefit liability/asset [line items]
Average duration of obligation (years)	7 years 4 months 24 days	8 years

Share-based payments - Addition

Share-based payments - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [Line Items]
Vesting period of share awards		3 years
Weighted average share price at exercise date	$ 8,225.7	$ 5,470.3	$ 4,950.5
Liabilities from share-based payment transactions	$ 0	$ 0	$ 0
Maximum [member]
Disclosure of terms and conditions of share-based payment arrangement [Line Items]
IHG share price	$ 10,180	$ 7,118	$ 5,338
Minimum [member]
Disclosure of terms and conditions of share-based payment arrangement [Line Items]
IHG share price	7,016	4,832	4,193
Closing [member]
Disclosure of terms and conditions of share-based payment arrangement [Line Items]
IHG share price	$ 9,954	$ 7,090	$ 4,744

Share-based payments - Summary

Share-based payments - Summary of Cost Related to Share-Based Payment Transactions (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statements [Line Items]
Equity-settled	$ 60	$ 51	$ 44
Total	67	56	46
Operating profit [Member]
Statements [Line Items]
Equity-settled	37	31	28
Cash-settled	7	5	2
System Fund [member]
Statements [Line Items]
Equity-settled	$ 23	$ 20	$ 16

Share-based payments - Summar_2

Share-based payments - Summary of Information about Awards Granted (Detail)	12 Months Ended
	Dec. 31, 2024 yr £ / shares	Dec. 31, 2023 yr £ / shares	Dec. 31, 2023 yr $ / shares	Dec. 31, 2022 yr £ / shares	Dec. 31, 2022 yr $ / shares
Annual Performance Plan [member]
Information regarding option pricing models and assumptions used for grants during the year [line items]
Weighted average share price (pence) | (per share)	£ 84.818		$ 5,571.7		$ 5,018.3
Term (years)	2.2	2.3	2.3	1.7	1.7
Long Term Incentive Plan [member]
Information regarding option pricing models and assumptions used for grants during the year [line items]
Weighted average share price (pence) | £ / shares	£ 79.40	£ 53.18		£ 48.75
Expected dividend yield	2.12%
Risk-free interest rate	4.20%	3.85%	3.85%	1.29%	1.29%
Volatility	26%
Term (years)	3	3	3	3	3
Long Term Incentive Plan [member] | Bottom of range [member]
Information regarding option pricing models and assumptions used for grants during the year [line items]
Expected dividend yield		2.52%	2.52%	2.29%	2.29%
Volatility		29%	29%	35%	35%
Long Term Incentive Plan [member] | Top of range [member]
Information regarding option pricing models and assumptions used for grants during the year [line items]
Expected dividend yield		2.77%	2.77%	2.67%	2.67%
Volatility		30%	30%	45%	45%

Share-based payments - Summar_3

Share-based payments - Summary of Movements in Awards Outstanding Under the Schemes (Detail)	12 Months Ended
	Dec. 31, 2024 USD ($) award	Dec. 31, 2023 USD ($) award	Dec. 31, 2022 USD ($) award
Annual Performance Plan [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Beginning balance	332,000	321,000	348,000
Granted	104,000	214,000	236,000
Vested	(44,000)	(186,000)	(254,000)
Lapsed or cancelled	(6,000)	(17,000)	(9,000)
Ending balance	386,000	332,000	321,000
Fair value of awards granted during the year | $	$ 108.376	$ 69.264	$ 61.802
Weighted average remaining contract life (years)	10 months 24 days	1 year 6 months	1 year
LTIP Performance-related awards [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Beginning balance	836,000	933,000	872,000
Granted	279,000	329,000	323,000
Vested	(136,000)	(180,000)	(23,000)
Lapsed or cancelled	(148,000)	(246,000)	(239,000)
Ending balance	831,000	836,000	933,000
Fair value of awards granted during the year | $	$ 58.126	$ 31.697	$ 37.70
Weighted average remaining contract life (years)	1 year 1 month 6 days	1 year 3 months 18 days	1 year 1 month 6 days
LTIP Restricted stock units [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Beginning balance	1,662,000	1,575,000	1,350,000
Granted	495,000	683,000	706,000
Vested	(402,000)	(533,000)	(391,000)
Lapsed or cancelled	(106,000)	(63,000)	(90,000)
Ending balance	1,649,000	1,662,000	1,575,000
Fair value of awards granted during the year | $	$ 103.023	$ 63.51	$ 56.564
Weighted average remaining contract life (years)	1 year 1 month 6 days	1 year 3 months 18 days	1 year 2 months 12 days

Equity - Summary of Equity Shar

Equity - Summary of Equity Share Capital (Detail) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [line items]
Number of shares beginning balance	172	183	187
Beginning balance	$ (1,946)	$ (1,608)	$ (1,474)
Repurchased and cancelled under share repurchase programme	(7)	(11)	(4)
Exchange adjustments	$ 0
Number of shares ending balance	165	172	183
Ending balance	$ (2,308)	$ (1,946)	$ (1,608)
Nominal value [Member]
Disclosure of classes of share capital [line items]
Beginning balance	46	46	53
Repurchased and cancelled under share repurchase programme	(2)	(3)	(1)
Exchange adjustments	(1)	3	(6)
Ending balance	43	46	46
Share premium [Member]
Disclosure of classes of share capital [line items]
Beginning balance	95	91	101
Repurchased and cancelled under share repurchase programme	0	0
Exchange adjustments	(1)	4	(10)
Ending balance	94	95	91
Equity share capital [member]
Disclosure of classes of share capital [line items]
Beginning balance	141	137	154
Repurchased and cancelled under share repurchase programme	(2)	(3)	(1)
Exchange adjustments	(2)	7	(16)
Ending balance	$ 137	$ 141	$ 137

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 01, 2025	Dec. 27, 2024	Feb. 01, 2024	Dec. 29, 2023	Feb. 01, 2023	Jan. 31, 2023	Aug. 01, 2022
Disclosure of reserves within equity [line items]
Authorised share capital	0
Total return of funds announced to shareholders				$ 900		$ 800		$ 750		$ 500
Reclassified from OCI to profit or loss - included in financial expenses	$ 165	$ 28	$ (43)
Return of funds to shareholders completed					$ 800		$ 750		$ 500
Number of shares	1,200,000	800,000	1,100,000
Transaction costs relating to treasury shares	$ 20	$ 28	$ 2
Increase (decrease) through share repurchase programme, Number of shares	7,500,000	10,900,000	9,100,000
Repurchase of shares	$ 812	$ 790	$ 482
2022 programme [member]
Disclosure of reserves within equity [line items]
Repurchase of shares		38
2023 programme [member]
Disclosure of reserves within equity [line items]
Repurchase of shares		752
Cash flow hedge reserves [member]
Disclosure of reserves within equity [line items]
Reclassified from OCI to profit or loss - included in financial expenses	165	28	$ (43)
Held as treasury shares [Member]
Disclosure of reserves within equity [line items]
Increase (decrease) through share repurchase programme, Number of shares			4,500,000
Subsequently cancelled [Member]
Disclosure of reserves within equity [line items]
Increase (decrease) through share repurchase programme, Number of shares			4,600,000
EUR bonds [member] | Cash flow hedge reserves [member]
Disclosure of reserves within equity [line items]
Reclassified from OCI to profit or loss - included in financial expenses	28	14	$ 14
Change in fair value of currency swaps recognised in OCI	$ (137)	$ (14)	$ 57
Nominee Account [Member]
Disclosure of reserves within equity [line items]
Number of shares	200,000	200,000

Equity - Summary of Shares Held

Equity - Summary of Shares Held By Employee Share Trusts (Detail) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Number of shares	1.2	0.8	1.1
Carrying value	$ 63	$ 35	$ 37
Market value	$ 144.9	$ 73.6	$ 62.8

Equity - Summary of Treasury sh

Equity - Summary of Treasury shares (Detail) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Treasury Shares [Line Items]
Repurchased under share repurchase programme (Shares)	7.5	10.9	9.1
Number of shares [Member] | Treasury shares [member]
Disclosure Of Treasury Shares [Line Items]
Beginning Balance (Shares)	7	7.5	3.7
Transferred to employee share trusts (Shares)	(0.8)	(0.5)	(0.7)
Repurchased under share repurchase programme (Shares)			4.5
Exchange adjustments (Share)	0	0
Ending Balance (Shares)	6.2	7	7.5
Nominal value [Member] | Treasury shares [member]
Disclosure Of Treasury Shares [Line Items]
Beginning Balance	$ 1.9	$ 1.9	$ 1
Transferred to employee share trusts	(0.2)	(0.1)	(0.2)
Repurchased under share repurchase programme			1.1
Exchange adjustments	(0.1)	0.1
Ending Balance	$ 1.6	$ 1.9	$ 1.9

Equity share capital - Summary

Equity share capital - Summary of Cash Flow Hedge Reserves (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about hedged items [line items]
Costs of hedging deferred and recognised in OCI	$ (11)	$ 0	$ 3
Deferred tax	(11)	0	2
Reserve of Cash Flow Hedges [member]
Disclosure of detailed information about hedged items [line items]
Reserve Of Cash flow Hedges Beginning Balance	(2)	0	5
Costs of hedging deferred and recognised in OCI	(11)		3
Change in fair value of currency swaps recognised in OCI	(113)	(30)	33
Reclassified from OCI to profit or loss - included in financial expenses	165	28	(43)
Deferred tax	(11)		2
Reserve Of Cash flow Hedges Ending Balance	28	(2)	0
Reserve of Cash Flow Hedges [member] | Cash flow hedge reserves [Member]
Disclosure of detailed information about hedged items [line items]
Reserve Of Cash flow Hedges Beginning Balance	6	8	16
Change in fair value of currency swaps recognised in OCI	(113)	(30)	33
Reclassified from OCI to profit or loss - included in financial expenses	165	28	(43)
Deferred tax	(11)		2
Reserve Of Cash flow Hedges Ending Balance	47	6	8
Reserve of Cash Flow Hedges [member] | Costs of hedging reserve [member]
Disclosure of detailed information about hedged items [line items]
Reserve Of Cash flow Hedges Beginning Balance	(8)	(8)	(11)
Costs of hedging deferred and recognised in OCI	(11)		3
Change in fair value of currency swaps recognised in OCI	0
Reclassified from OCI to profit or loss - included in financial expenses	0
Deferred tax	0
Reserve Of Cash flow Hedges Ending Balance	$ (19)	$ (8)	$ (8)

Contingencies and commitments -

Contingencies and commitments - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disclosure of contingent liabilities [line items]
Total commitments for capital expenditure	$ 8	$ 10
Joint ventures [member]
Disclosure of contingent liabilities [line items]
Capital and other commitments	$ 16
Associates [member]
Disclosure of contingent liabilities [line items]
Capital and other commitments		$ 3

Related party disclosures - Sum

Related party disclosures - Summary of Total Compensation of Key Management Personnel (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Compensation of key management personnel [abstract]
Short-term employment benefits	$ 20.1	$ 18.6	$ 18.7
Contributions to defined contribution pension plans	0.4	0.5	0.5
Equity compensation benefits	16.4	15.8	13.4
Total compensation of key management personnel	$ 36.9	$ 34.9	$ 32.6

Related party disclosures - S_2

Related party disclosures - Summary of Related Party Disclosures for Associates and Joint Ventures (Detail) - Associates [member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [Line Items]
Fee revenue	$ 12	$ 11	$ 9
Amounts receivable (net)	$ 41	19	$ 10
Amounts payable		$ (10)

Related party disclosures - Add

Related party disclosures - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of transactions between related parties [Line Items]
Outstanding commitments made by entity, related party transactions	$ 4	$ 6
Associates [member] | Investment in preferred shares of associates [member]
Disclosure of transactions between related parties [Line Items]
Amounts receivable, related party transactions	43
Other cash payments to acquire equity or debt instruments of other entities, classified as investing activities	34	12
Barclay associate [member]
Disclosure of transactions between related parties [Line Items]
Loan to and from material associate investment (offset in accordance with IAS32)	$ 237	$ 237
Average interest rate on interest payable and receivable relating to loan to and from material associate investment	4.10%	4%

System Fund and reimbursables -

System Fund and reimbursables - Summary of System Fund and Reimbursable Revenues and Expenses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
System Fund And Reimbursables [Abstract]
System Fund revenues	$ 1,611	$ 1,564	$ 1,217
Reimbursable revenues	1,000	896	832
System Fund and reimbursable revenues	2,611	2,460	2,049
System Fund expense	(1,694)	(1,545)	(1,322)
Reimbursable expenses	(1,000)	(896)	(832)
System Fund and reimbursable expenses	$ (2,694)	$ (2,441)	$ (2,154)

System Fund and reimbursables_2

System Fund and reimbursables - Summary of System Fund Revenues (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
System Fund And Reimbursables [Line Items]
System Fund revenues	$ 1,611	$ 1,564	$ 1,217
Loyalty programme revenues, net of the cost of point redemptions [member]
System Fund And Reimbursables [Line Items]
System Fund revenues	355	379	228
Marketing, reservation and other hotel fees [member]
System Fund And Reimbursables [Line Items]
System Fund revenues	$ 1,256	$ 1,185	$ 989

System Fund and reimbursables_3

System Fund and reimbursables - Summary of System Fund Expenses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
System Fund And Reimbursables [Line Items]
Depreciation and amortisation	$ 80	$ 83	$ 86
Impairment loss on trade receivables	10	(1)	5
System Fund [member]
System Fund And Reimbursables [Line Items]
Marketing	520	498	408
Depreciation and amortisation	80	83	86
Impairment loss on trade receivables	9		7
Other net impairment charges	3
Costs are borne by the System Fund [member] | System Fund [member]
System Fund And Reimbursables [Line Items]
Staff costs	$ 436	$ 399	$ 341

Events after the Reporting Pe_2

Events after the Reporting Period - Additional Information (Detail) - Feb. 17, 2025 - Ruby Brand [member] - Major business combination [member] € in Millions, $ in Millions	EUR (€)	USD ($)
Disclosure of Events After Reporting Period [line items]
Total purchase consideration	€ 110.5	$ 116
Contingent consideration recognised as of acquisition date	€ 181	$ 190

Group Companies - Summary of In

Group Companies - Summary of Investment in Subsidiaries (Detail)	12 Months Ended
	Dec. 31, 2024
10000 Champion Acquisition LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	10000 Champion Acquisition LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
24th Street JV Development LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	24th Street JV Development LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
24th Street Operator Sub, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	24th Street Operator Sub, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
2250 Blake Street Hotel, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	2250 Blake Street Hotel, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
36th Street IHG Sub, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	36th Street IHG Sub, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
426 Main Ave, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	426 Main Ave, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
46 Nevins Street Associates, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	46 Nevins Street Associates, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Alpha Kimball Hotel, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Alpha Kimball Hotel, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Asia Pacific Holdings Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Asia Pacific Holdings Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Barclay Operating Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Barclay Operating Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
BHMC Canada Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	BHMC Canada Inc.
Registered addresses	333 Bay Street, Suite 400, Toronto M5H 2R2, Ontario, Canada
Ownership Percentage	100%
BHR Holdings B.V. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	BHR Holdings B.V.
Registered addresses	Kingsfordweg 151, 1043 GR Amsterdam, The Netherlands
Ownership Percentage	100%
BHR Pacific Holdings, Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	BHR Pacific Holdings, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
BHTC Canada Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	BHTC Canada Inc.
Registered addresses	333 Bay Street, Suite 400, Toronto M5H 2R2, Ontario, Canada
Ownership Percentage	100%
Blythswood Square Glasgow Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Blythswood Square Glasgow Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
BOC Barclay Sub LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	BOC Barclay Sub LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Bristol Oakbrook Tenant Company [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Bristol Oakbrook Tenant Company
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Cambridge Lodging LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Cambridge Lodging LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Capital Lodging LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Capital Lodging LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
CECNY Land Holdings LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	CECNY Land Holdings LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
CF Irving Owner, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	CF Irving Owner, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
CF McKinney Owner, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	CF McKinney Owner, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Compania Inter-Continental De Hoteles El Salvador SA [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Compañia Inter-Continental De Hoteles El Salvador SA
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Crowne Plaza, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Crowne Plaza, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Cumberland Akers Hotel, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Cumberland Akers Hotel, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Dunwoody Operations, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Dunwoody Operations, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Edinburgh George Street Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Edinburgh George Street Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
EVEN Real Estate Holding LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	EVEN Real Estate Holding LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Grand Central Glasgow Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Grand Central Glasgow Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Guangzhou SC Hotels Services Ltd. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Guangzhou SC Hotels Services Ltd.
Registered addresses	Building 4, No 13 Xiao Gang Zhong Ma Road, Zhuhai District, Guangzhou, Guangdong, P.R. China
Ownership Percentage	100%
Hawthorne Land Holdings LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Hawthorne Land Holdings LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
HC International Holdings, Inc [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	HC International Holdings, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
HH France Holdings SAS [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	HH France Holdings SAS
Registered addresses	31–33 rue Mogador, 75009 Paris, France
Ownership Percentage	100%
HH Hotels (EMEA) B.V. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	HH Hotels (EMEA) B.V.
Registered addresses	Kingsfordweg 151, 1043 GR Amsterdam, The Netherlands
Ownership Percentage	100%
HH Hotels (Romania) SRL [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	HH Hotels (Romania) SRL
Registered addresses	Bucharest, 2nd District, 2 Gara Herăstrău Street, 2nd floor, module 33, Romania
Ownership Percentage	100%
HIM (Aruba) NV [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	HIM (Aruba) NV
Registered addresses	J E Irausquin Boulevard 93, 1Eagle/ Paardenbaai, Oranjestad West, Aruba
Ownership Percentage	100%
Hoft Properties LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Hoft Properties LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Hospitality Franchising, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Hospitality Franchising, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inn Mexicana S.A. [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inn Mexicana S.A.
Registered addresses	Ontario # 1050, Col. Providencia, Guadalajara, Jalisco CP44630, Mexico
Ownership Percentage	100%
Holiday Inns (China) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (China) Limited
Registered addresses	Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Ownership Percentage	100%
Holiday Inns (Courtalin) Holdings [member]
Disclosure of Composition of Group [Line Items]
Registered addresses	31–33 rue Mogador, 75009 Paris, France
Holiday Inns (Courtalin) Holding SAS [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Courtalin) Holding SAS
Registered addresses	31–33 rue Mogador, 75009 Paris, France
Ownership Percentage	100%
Holiday Inns (Courtalin) SAS [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Courtalin) SAS
Registered addresses	31–33 rue Mogador, 75009 Paris, France
Ownership Percentage	100%
Holiday Inns (Germany), LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Germany), LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inns (Jamaica), Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Jamaica), Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inns (Middle East) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Middle East) Limited
Registered addresses	Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Ownership Percentage	100%
Holiday Inns (Philippines), Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Philippines), Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inns (Saudi Arabia), Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Saudi Arabia), Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inns (Thailand) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (Thailand) Limited
Registered addresses	Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Ownership Percentage	100%
Holiday Inns (U.K.), Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns (U.K.), Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inns Crowne Plaza (Hong Kong), Inc.[member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns Crowne Plaza (Hong Kong), Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inns Holdings (Australia) Pty Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns Holdings (Australia) Pty Limited
Registered addresses	Level 11, 20 Bond Street, Sydney NSW 2000, Australia
Ownership Percentage	100%
Holiday Inns, Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Inns of Belgium N.V. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Inns of Belgium N.V.
Registered addresses	Rond-Point Robert Schuman 11, 1040 Brussels, Belgium
Ownership Percentage	100%
Holiday Pacific Equity Corporation [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Pacific Equity Corporation
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Pacific Limited Liability Company [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Pacific Limited Liability Company
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Holiday Pacific Partners Limited Partnership [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Holiday Pacific Partners Limited Partnership
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Hotel InterContinental London (Holdings) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Hotel InterContinental London (Holdings) Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Hotel Inter-Continental London Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Hotel Inter-Continental London Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Hoteles Y Turismo HIH SRL [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Hoteles Y Turismo HIH SRL
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
IC Hotelbetriebsfuhrungs GmbH [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IC Hotelbetriebsführungs GmbH
Registered addresses	QBC 4 – Am Belvedere 4, 1100, Vienna, Austria
Ownership Percentage	100%
IC Hotels Management (Portugal) Unipessoal, Lda [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IC Hotels Management (Portugal) Unipessoal, Lda
Registered addresses	Avenida da Republica, no 52 – 9, 1069 – 211, Lisbon, Portugal
Ownership Percentage	100%
IC International Hotels Limited Liability Company [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IC International Hotels Limited Liability Company
Registered addresses	Room 60, Section 11 Floor 3 Premises I, Building 1, House 125, Varshavskoye shosse Str, Vn.Ter.G. Municipal District Severnoye Chertanovo, Moscow City, 117587, Russia
Ownership Percentage	100%
IHC Arabia for Management, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC Arabia for Management, LLC
Registered addresses	Building 7229, Al Aqeeq District, Riyadh 13519, Saudi Arabia
Ownership Percentage	100%
IHC Hopkins (Holdings) Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC Hopkins (Holdings) Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHC Hotel Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC Hotel Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
IHC Hotel Management (EGY) LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC Hotel Management (EGY) LLC
Registered addresses	Administrative unit no. 8, the ground floor of the building F1, El Emdad and El Tamween Street, Nasr City, Cairo, the Arab Republic of Egypt
Ownership Percentage	100%
IHC London (Holdings) [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC London (Holdings)
Registered addresses	c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK
Ownership Percentage	100%
IHC May Fair Hotel Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC May Fair Hotel Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
IHC M-H (Holdings) Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC M-H (Holdings) Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHC Overseas (U.K.) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC Overseas (U.K.) Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
IHC Willard (Holdings) Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHC Willard (Holdings) Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHG (Marseille) SAS [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG (Marseille) SAS
Registered addresses	31–33 rue Mogador, 75009 Paris, France
Ownership Percentage	100%
IHG (Myanmar) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG (Myanmar) Limited
Registered addresses	No. 84, Pan Haliain Street, Unit #1, Level 8, Uniteam Marine Office Building, Sanchuang Township, Yangon, Myanmar
Ownership Percentage	100%
IHG (Thailand) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG (Thailand) Limited
Registered addresses	971, 973 Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330, Thailand
Ownership Percentage	100%
IHG Bangkok Ltd.[member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Bangkok Ltd.
Registered addresses	Flemming House, Wickhams Cay, P.O. Box 662, Road Town, Tortola VG1110, British Virgin Islands
Ownership Percentage	100%
IHG Brasil Administracao de Hoteis e Servicos Ltda [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Brasil Administracao de Hoteis e Servicos Ltda
Registered addresses	Alameda Jau 536, Suite 3S-B, 01420-000 São Paulo, Brazil
Ownership Percentage	100%
IHG Commissions Services SRL [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Commissions Services SRL
Registered addresses	Suite 1, Ground Floor, The Financial Services Centre, Bishops Court Hill, St. Michael, BB14004, Barbados
Ownership Percentage	100%
IHG de Argentina SA [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG de Argentina SA
Registered addresses	Avenida Cordoba 1547, piso 8, oficina A, 1055 Buenos Aires, Argentina
Ownership Percentage	100%
IHG ECS (Barbados) SRL [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG ECS (Barbados) SRL
Registered addresses	Suite 1, Ground Floor, The Financial Services Centre, Bishops Court Hill, St. Michael, BB14004, Barbados
Ownership Percentage	100%
IHG Finance LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Finance LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHG Franchising Brasil Ltda. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Franchising Brasil Ltda.
Registered addresses	Alameda Jau 536, Suite 3S-D, 01420-000 São Paulo, Brazil
Ownership Percentage	100%
IHG Franchising DR Corporation [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Franchising DR Corporation
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHG Franchising, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Franchising, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHG Honduras S. de R.L. [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Honduras S. de R.L.
Registered addresses	Blvd, Morazan, Centro Comercial El Dorado, 6th Floor, Tegucigalpa, Honduras
Ownership Percentage	100%
IHG Hotels (New Zealand) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Hotels (New Zealand) Limited
Registered addresses	Level 10, 55 Shortland Street, Auckland Central, Auckland 1010, New Zealand
Ownership Percentage	100%
IHG Hotels Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Hotels Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
IHG Hotels Management (Australia) Pty Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Hotels Management (Australia) Pty Limited
Registered addresses	Level 11, 20 Bond Street, Sydney NSW 2000, Australia
Ownership Percentage	100%
IHG Hotels Nigeria Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Hotels Nigeria Limited
Registered addresses	1, Murtala Muhammed Drive, Ikoyi, Lagos, Nigeria
Ownership Percentage	100%
IHG Hotels South Africa (Pty) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Hotels South Africa (Pty) Limited
Registered addresses	Central Office Park Unit 4, 257 Jean Avenue, Centurion 0157, South Africa
Ownership Percentage	100%
IHG International Partnership [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG International Partnership
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
IHG Istanbul Otel Ynetim Limited Sirketi [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Istanbul Otel Yönetim Limited Sirketi
Registered addresses	Maslak Mah. Eski Büyükdere Cad. Orjin Maslak İŞ, Merkezi Sitesi No: 27 IC KapiI No: 4 Sariyer/Istanbul, Turkey
Ownership Percentage	100%
IHG Japan (Management), LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Japan (Management), LLC
Registered addresses	20th Floor, Toranomon Kotoshira Tower, 2–8, Toranomon 1-chom, Minato-ku, 105-0001, Tokyo, Japan
Ownership Percentage	100%
IHG Japan (Osaka), LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Japan (Osaka), LLC
Registered addresses	20th Floor, Toranomon Kotoshira Tower, 2–8, Toranomon 1-chom, Minato-ku, 105-0001, Tokyo, Japan
Ownership Percentage	100%
IHG Management (Maryland), LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Management (Maryland), LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHG Management (Netherlands) B.V. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Management (Netherlands) B.V.
Registered addresses	Kingsfordweg 151, 1043 GR Amsterdam, The Netherlands
Ownership Percentage	100%
IHG Management d.o.o. Beograd [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Management d.o.o. Beograd
Registered addresses	Krunska 73, 3rd floor, office no.3, Vračar, 11000 Belgrade, Serbia
Ownership Percentage	100%
IHG Management MD Barclay Sub LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Management MD Barclay Sub, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
IHG Management SL d.o.o. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Management SL d.o.o.
Registered addresses	Cesta v Mestni log 1, 1000 Ljubljana, Slovenia
Ownership Percentage	100%
IHG Mexico Operaciones SA de CV [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Mexico Operaciones SA de CV
Registered addresses	Ontario # 1050, Col. Providencia, Guadalajara, Jalisco CP44630, Mexico
Ownership Percentage	100%
IHG Middle East Management Consultancies LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Middle East Management Consultancies LLC
Registered addresses	Suite 2201, Festival Tower, Dubai Festival City, Al Rebbat St., P.O. Box 58191, Dubai, United Arab Emirates
Ownership Percentage	100%
IHG Peru SRL [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Peru SRL
Registered addresses	Bernard Monteagudo 201, 15076, Lima, Peru
Ownership Percentage	100%
IHG PS Nominees Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG PS Nominees Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
IHG Systems Pty Ltd. [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Systems Pty Ltd.
Registered addresses	Level 11, 20 Bond Street, Sydney NSW 2000, Australia
Ownership Percentage	100%
IHG Szalloda Budapest Szolgaltato Kft. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Szalloda Budapest Szolgaltato Kft.
Registered addresses	1103 Budapest, Köér utca 2/A. C. ép., Hungary
Ownership Percentage	100%
IHG Technology Solutions LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Technology Solutions, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
InterContinental Berlin Service Company GmbH [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Berlin Service Company GmbH
Registered addresses	Budapester Str. 2, 10787 Berlin, Germany
Ownership Percentage	100%
InterContinental (PB) 1 [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental (PB) 1
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
InterContinental (PB) 3 Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental (PB) 3 Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Inter-Continental D.C. Operating Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Intercontinental D.C. Operating Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Inter-Continental Florida Partner Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Inter-Continental Florida Partner Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
InterContinental Gestion Hotelera SLU [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Gestion Hotelera SLU
Registered addresses	Paseo de Recoletos 37 – 41, 28004 Madrid, Spain
InterContinental Hotel Berlin GmbH [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotel Berlin GmbH
Registered addresses	Budapester Str. 2, 10787 Berlin, Germany
Ownership Percentage	100%
Inter-Continental Hoteleira Limitada [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Inter-Continental Hoteleira Limitada
Registered addresses	Alameda Jau 536, Suite 3S-E, 01420-000 São Paulo, Brazil
Ownership Percentage	100%
Inter-Continental Hotels (Montreal) Operating Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Inter-Continental Hotels (Montreal) Operating Corp.
Registered addresses	1980 Pérodeau Street, Vaudreuil-Dorion, J7V 8P7, Quebec, Canada
Ownership Percentage	100%
InterContinental Hotels (Puerto Rico) Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels (Puerto Rico) Inc.
Registered addresses	361 San Francisco Street Penthouse, San Juan, PR 00901, Puerto Rico
Ownership Percentage	100%
Inter-Continental Hotels Corporation [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Inter-Continental Hotels Corporation
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Intercontinental Hotels Corporation Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Intercontinental Hotels Corporation Limited
Registered addresses	Clarendon House, 2 Church Street, Hamilton HM11, Bermuda
Ownership Percentage	100%
InterContinental Hotels Group (Asia Pacific) Pte Ltd. [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (Asia Pacific) Pte Ltd.
Registered addresses	230 Victoria Street, #13-00 Bugis Junction Towers, 188024, Singapore
Ownership Percentage	100%
InterContinental Hotels Group (Australia) Pty Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (Australia) Pty Limited
Registered addresses	Level 11, 20 Bond Street, Sydney NSW 2000, Australia
Ownership Percentage	100%
InterContinental Hotels Group (Canada) Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (Canada), Inc.
Registered addresses	333 Bay Street, Suite 400, Toronto M5H 2R2, Ontario, Canada
Ownership Percentage	100%
InterContinental Hotels Group (Greater China) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (Greater China) Limited
Registered addresses	Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Ownership Percentage	100%
InterContinental Hotels Group (India) Private Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (India) Private Limited
Registered addresses	11th Floor, Building No. 10, Tower C, DLF Phase-II, DLF Cyber City, Gurgaon, Haryana-122002, India
Ownership Percentage	100%
InterContinental Hotels Group (Japan) Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (Japan), Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
InterContinental Hotels Group (New Zealand) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (New Zealand) Limited
Registered addresses	Level 10, 55 Shortland Street, Auckland Central, Auckland 1010, New Zealand
Ownership Percentage	100%
InterContinental Hotels Group (Shanghai) Ltd. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (Shanghai) Ltd.
Registered addresses	22/F Citigroup Tower, No. 33 Huayanshiqiao Road, Lujiazui, Pudong New Area, 200120, Shanghai, P.R. China
Ownership Percentage	100%
InterContinental Hotels Group (Vietnam) Company Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group (Vietnam) Company Limited
Registered addresses	Room No. 23, Floor 16, Saigon Tower Building, 29 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam
Ownership Percentage	100%
InterContinental Hotels Group Customer Services Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group Customer Services Limited
Registered addresses	c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK
Ownership Percentage	100%
InterContinental Hotels Group do Brasil Limitada [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group do Brasil Limitada
Registered addresses	Alameda Jau 536, Suite 3S-C, 01420-000 São Paulo, Brazil
Ownership Percentage	100%
InterContinental Hotels Group Healthcare Trustee Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group Healthcare Trustee Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
InterContinental Hotels Group Operating Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group Operating Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Ownership interest type in subsidiaries	1⁄4 vote ordinary shares and ordinary shares
InterContinental Hotels Group Resources, LLC. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group Resources, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
InterContinental Hotels Group Services Company [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Group Services Company
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
InterContinental Hotels Italia, S.r.L. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Italia, S.r.L.
Registered addresses	Viale Monte Nero n.84, 20135 Milano, Italy
Ownership Percentage	100%
InterContinental Hotels Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Ownership interest type in subsidiaries	Directly owned by InterContinental Hotels Group PLC
InterContinental Hotels Managementgesellschaft mbH [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Managementgesellschaft mbH
Registered addresses	Thurn-und-Taxis-Platz 6 – 60313 Frankfurt am Main, Germany
Ownership Percentage	100%
InterContinental Hotels Management Montenegro d.o.o. [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Management Montenegro d.o.o.
Registered addresses	Bulevar Svetog Petra Cetinjskog 149 – 81000 Podgorica, Montenegro
Ownership Percentage	100%
InterContinental Hotels Nevada Corporation [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels Nevada Corporation
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
InterContinental Hotels of San Francisco Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Hotels of San Francisco, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
InterContinental IOHC (Mauritius) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Intercontinental IOHC (Mauritius) Limited
Registered addresses	Juris Tax Services Ltd. Level 12, NeX Teracom Tower II, Ebene, Mauritius
Ownership Percentage	100%
InterContinental Management AM, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Management AM, LLC
Registered addresses	23/6 D, Anhaght Str., Yerevan, 0069, Armenia
Ownership Percentage	100%
InterContinental Management Bulgaria EOOD [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Management Bulgaria EOOD
Registered addresses	37A Professor Fridtjof Nansen Street, 5th Floor, District Sredets, Sofia, 1142, Bulgaria
Ownership Percentage	100%
InterContinental Management France SAS [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Management France SAS
Registered addresses	31–33 rue Mogador, 75009 Paris, France
Ownership Percentage	100%
InterContinental Management Poland sp. Z.o.o [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Management Poland sp. z.o.o.
Registered addresses	Generation Park Z – ul. Towarowa 28, 00-839 Warsaw, Poland
Ownership Percentage	100%
InterContinental Overseas Holdings, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	InterContinental Overseas Holdings, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KG Benefits, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KG Benefits, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KG Gift Card Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KG Gift Card Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KG Liability, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KG Liability LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KG Technology, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KG Technology, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG 851 LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG 851 LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Aertson LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Aertson LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Allegro, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Allegro, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Argyle, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Argyle, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Atlanta Midtown LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Atlanta Midtown LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Austin Beverage Company, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Austin Beverage Company, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Baltimore, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Baltimore, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Born, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Born LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Boston Hotel, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Boston Hotel, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Bozeman, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Bozeman LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Buckhead, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Buckhead LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Canary, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Canary LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Cayman, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Cayman LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Cayman Employer Ltd. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Cayman Employer Ltd.
Registered addresses	PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands
Ownership Percentage	100%
KHRG Charlottesville LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Charlottesville LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Dallas, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Dallas LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Dallas Beverage Company, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Dallas Beverage Company, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Employer, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Employer, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Goleta, LLC [member]
Disclosure of Composition of Group [Line Items]
Ownership Percentage	100%
KHRG Gray, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Gray LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Gray U2, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Gray U2 LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Huntington Beach LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Huntington Beach LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Key West, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Key West LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG King Street, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG King Street, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG La Peer, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG La Peer LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Miami Beach, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Miami Beach LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG New Orleans, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG New Orleans LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG NPC, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG NPC LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Palladian, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Palladian LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Palomar Phoenix, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Palomar Phoenix LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Philly Monaco, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Philly Monaco LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Porsche Drive, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Porsche Drive LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Reynolds, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Reynolds LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Riverplace, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Riverplace LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Sacramento, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Sacramento LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Schofield, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Schofield LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG SFD, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG SFD LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG SF Wharf, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG SF Wharf LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG SF Wharf U2, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG SF Wharf U2 LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG South Beach, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG South Beach LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG State Street, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG State Street LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Sutter, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Sutter LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Sutter Union, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Sutter Union LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Taconic, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Taconic LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Tariff, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Tariff LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Texas Hospitality, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Texas Hospitality, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Texas Operations, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Texas Operations, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Tryon, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Tryon LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Vero Beach, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Vero Beach, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Vintage Park, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Vintage Park LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Wabash, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Wabash LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Westwood, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Westwood, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
KHRG Wilshire, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	KHRG Wilshire LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Kimpton Hollywood Licenses, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Kimpton Hollywood Licenses LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Kimpton Hotel & Restaurant Group, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Kimpton Hotel & Restaurant Group, LLC
Ownership Percentage	100%
Kimpton Hotel Frankfurt GmbH [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Kimpton Hotel Frankfurt GmbH
Ownership Percentage	100%
Kimpton Phoenix Licenses Holdings, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Kimpton Phoenix Licenses Holdings LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Louisiana Acquisitions Corp. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Louisiana Acquisitions Corp.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Luxury Resorts And Spas (France) SAS [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Luxury Resorts and Spas (France) SAS
Registered addresses	291 Rue des Tovets, Courchével 1850, 73120, Courchével, France
Ownership Percentage	100%
Manchester Oxford Street Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Manchester Oxford Street Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Mercer Fairview Holdings LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Mercer Fairview Holdings LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Met Leeds Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Met Leeds Hotel OpCo Limited
Registered addresses	c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK
Ownership Percentage	100%
MH Lodging LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	MH Lodging LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Oxford Spires Hotel OpCo Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Oxford Spires Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Oxford Thames Hotel OpCo Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Oxford Thames Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
PML Services LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	PML Services LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Pollstrong Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Pollstrong Limited
Ownership Percentage	100%
Powell Pine, Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Powell Pine, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Priscilla Holiday of Texas, Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Priscilla Holiday of Texas, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Project Capital Lending LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Project Capital Lending LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
PT Regent Indonesia [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	PT Regent Indonesia
Registered addresses	Menara Imperium 22nd Floor, Suite D, JI. HR. Rasuna Said Kav.1, Guntur Sub-district, Setiabudi District, South Jakarta 12980, Indonesia
Ownership Percentage	100%
PT SC Hotels & Resorts Indonesia [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	PT SC Hotels & Resorts Indonesia
Registered addresses	Menara Imperium 22nd Floor, Suite D, JI. HR. Rasuna Said Kav.1, Guntur Sub-district, Setiabudi District, South Jakarta 12980, Indonesia
Ownership Percentage	100%
Raison d'Etre Holdings (BVI) Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Raison d’Etre Holdings (BVI) Limited
Registered addresses	Flemming House, Wickhams Cay, P.O. Box 662, Road Town, Tortola VG1110, British Virgin Islands
Ownership Percentage	100%
Raison d'Etre Spas, LLC
Disclosure of Composition of Group [Line Items]
Registered addresses	Grevgatan 15, 11453 Stockholm, Sweden
Raison dEtre Spas Sweden AB [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Raison d’Etre Spas, Sweden AB
Ownership Percentage	100%
Ravinia Republica Dominicana SRL [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Ravinia Republica Dominicana SRL
Registered addresses	Max Henriquez Ureña N° 11, Ensanche Naco, Santo Domingo de Guzman, Distrito Nacional, Santo Domingo
Ownership Percentage	100%
Regent Asia Pacific Hotel Management Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Regent Asia Pacific Hotel Management Limited
Registered addresses	14th Floor, South China Building, 1–3 Wyndham Street, Hong Kong, SAR
Ownership Percentage	100%
Regent Asia Pacific Management Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Regent Asia Pacific Management Limited
Registered addresses	Brumby Centre, Lot 42, Jalan Muhibbah, 87000 Labuan F.T., Malaysia
Ownership Percentage	100%
Regent Berlin GmbH [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Regent Berlin GmbH
Registered addresses	Blvd, Morazan, Centro Comercial El Dorado, 6th Floor, Tegucigalpa, Honduras
Ownership Percentage	100%
Regent International Hotels Ltd [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Regent International Hotels Ltd
Registered addresses	14th Floor, South China Building, 1–3 Wyndham Street, Hong Kong, SAR
Ownership Percentage	100%
Roxburghe Hotel Edinburgh OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Roxburghe Hotel Edinburgh OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Russell London Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Russell London Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
SBS Maryland Beverage Company LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SBS Maryland Beverage Company LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
SC Leisure Group Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SC Leisure Group Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
SC NAS 2 Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SC NAS 2 Limited
Registered addresses	c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK
Ownership Percentage	100%
SC Quest Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SC Quest Limited
Registered addresses	c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK
Ownership Percentage	100%
SC Reservations (Philippines) Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SC Reservations (Philippines) Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
SCH Insurance Company [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SCH Insurance Company
Registered addresses	Primmer Piper Eggleston & Cramer PC, 30 Main St., Suite 500, P.O. Box 1489, Burlington, VT 05402-1489, USA
Ownership Percentage	100%
Semiramis for training of Hotel Personnel and Hotel Management SAE [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Semiramis for training of Hotel Personnel and Hotel Management SAE
Registered addresses	Ground Floor, Al Kamel Law Building, Plot 52-b, Banks Area, Six of October City, Egypt
Ownership Percentage	100%
Six Continents Holdings Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Holdings Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Six Continents Hotels Belize Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Hotels Belize Limited
Registered addresses	84 Albert Street, Belize City, Belize, C.A
Ownership Percentage	100%
Six Continents Hotels de Colombia SA [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Hotels de Colombia SA
Registered addresses	Calle 49, Sur 45 A 300, Oficina 1102, 055422 Envigado, Antioquia, Colombia
Ownership Percentage	100%
Six Continents Hotels International Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Hotels International Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Six Continents Hotels, Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Hotels, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Six Continents International Holdings B.V. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents International Holdings B.V.
Registered addresses	Kingsfordweg 151, 1043 GR Amsterdam, The Netherlands
Ownership Percentage	100%
Six Continents Investments Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Investments Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Ownership interest type in subsidiaries	Ordinary shares, 5% cumulative preference shares and 7% cumulative preference shares
Six Continents Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Six Continents Overseas Holdings Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Continents Overseas Holdings Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
SixCo North America, Inc. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SixCo North America, Inc.
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Six Senses America IP LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Senses Americas IP, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
Six Senses North America Management LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Six Senses North America Management, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
SLC Sustainable Luxury Cyprus Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SLC Sustainable Luxury Cyprus Limited
Registered addresses	ATS Services Limited, Capital Center, 9th Floor, 2–4 Arch, Makarios III Ave., 1065 Nicosia, Cyprus
Ownership Percentage	100%
SPHC Management Ltd. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SPHC Management Ltd.
Registered addresses	C/o Holiday Inn & Suites, Cnr Waigani Drive & Wards Road, Port Moresby, National Capital District, Papua New Guinea
Ownership Percentage	100%
SS Aetna Acquisition, LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	SS Aetna Acquisition, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
St. David's Cardiff Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	St. David’s Cardiff Hotel OpCo Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Sustainable Luxury Holdings (BVI) Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Holdings (BVI) Limited
Registered addresses	Flemming House, Wickhams Cay, P.O. Box 662, Road Town, Tortola VG1110, British Virgin Islands
Ownership Percentage	100%
Sustainable Luxury Lanka Private Ltd [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Lanka Private Ltd.
Registered addresses	Shop No. L3–6, Amity Building, No. 125 High Level Road, Maharagama, Colombo, Sri Lanka
Ownership Percentage	100%
Sustainable Luxury Holdings Thailand Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Holding (Thailand) Limited
Ownership Percentage	49%
Ownership interest type in subsidiaries	8% cumulative preference shares
Sustainable Luxury Hospitality Thailand Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Hospitality (Thailand) Limited
Ownership Percentage	73.99%
Ownership interest type in subsidiaries	8% cumulative preference shares
Sustainable Luxury Maldives Private Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Maldives Private Limited
Registered addresses	c/o Premier Corporate Services Limited, 3B, MA. Maadheli, Majeedhee Magu, Male, Republic of Maldives
Ownership Percentage	100%
Sustainable Luxury Management Thailand Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Management (Thailand) Limited
Registered addresses	57, 9th Floor, Park Ventures Ecoplex, Unit 902–904, Wireless Road, Limpini, Pathum Wan Bangkok 103330, Thailand
Ownership Percentage	73.99%
Ownership interest type in subsidiaries	Ordinary shares and preference shares; Minority interest relates to one or more individual shareholders who are employed or were previously employed by the entity
Sustainable Luxury Mauritius Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Mauritius Limited
Registered addresses	Venture Corporate Services (Mauritius) Ltd, Level 3, Tower 1, Nexteracom Towers, Cybercity, Ebene, Mauritius
Ownership Percentage	100%
Sustainable Luxury Operations Thailand Ltd [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Operations (Thailand) Limited
Registered addresses	57, 9th Floor, Park Ventures Ecoplex, Unit 902–904, Wireless Road, Limpini, Pathum Wan Bangkok 103330, Thailand
Ownership Percentage	99.9998%
Sustainable Luxury Services (BVI) Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Services (BVI) Limited
Registered addresses	Flemming House, Wickhams Cay, P.O. Box 662, Road Town, Tortola VG1110, British Virgin Islands
Ownership Percentage	100%
Sustainable Luxury Singapore Private Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury Singapore Private Limited
Registered addresses	230 Victoria Street, #13-00 Bugis Junction Towers, 188024, Singapore
Ownership Percentage	100%
Sustainable Luxury UK Limited [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Sustainable Luxury UK Limited
Registered addresses	1 Windsor Dials, Arthur Road, Windsor, Berkshire, SL4 1RS, UK
Ownership Percentage	100%
Harvard Business Services, Inc. 16192 Coastal Hwy, Lewes, Delaware 19958, USA [Member]
Disclosure of Composition of Group [Line Items]
Registered addresses	Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Max Henriquez Urea N 11, Ensanche Naco, Santo Domingo de Guzman, Distrito Nacional, Santo Domingo [Member]
Disclosure of Composition of Group [Line Items]
Registered addresses	Harvard Business Services, Inc. 16192 Coastal Hwy, Lewes, Delaware 19958, USA
IHG (Dominica) Ltd. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG (Dominica) Ltd.
Registered addresses	10 Kings Lane, Roseau, Dominica
Ownership Percentage	100%
IHG Korea Management LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Korea Management LLC
Registered addresses	Units 3082, 30th Floor,aYeongdong-daero, Gangnam-gu, Seoul, Republic of Korea
Ownership Percentage	100%
IHG Universal Blvd Member LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG Universal Blvd Member LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
World Trade Centre Montreal Hotel Corporation [member]
Disclosure of Composition of Group [Line Items]
Registered addresses	No. 56 Moo 5, Tambol Koh Yao Noi, Amphur Ko Yao, Pang-nga Province 82160, Thailand
Wotton House Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Wotton House Hotel OpCo Limited
Registered addresses	c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK
Ownership Percentage	100%
WY BLL Owner, LLC [Member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	WY BLL Owner, LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage	100%
York Station Road Hotel OpCo Limited [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	York Station Road Hotel OpCo Limited
Registered addresses	c/o BDO LLP, 5 Temple Square, Liverpool, L2 5RH, UK
Ownership Percentage	100%
IHG ANA Hotels Group Japan LLC [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG ANA Hotels Group Japan LLC
Registered addresses	20th Floor, Toranomon Kotoshira Tower, 2–8, Toranomon 1-chom, Minato-ku, 105-0001, Tokyo, Japan
Ownership Percentage	74.66%
IHG ANA Hotels Holdings Co., Ltd. [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	IHG ANA Hotels Holdings Co., Ltd.
Registered addresses	20th Floor, Toranomon Kotoshira Tower, 2–8, Toranomon 1-chom, Minato-ku, 105-0001, Tokyo, Japan
Ownership Percentage	66%
Regent Hospitality Worldwide Inc [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Regent Hospitality Worldwide, Inc.
Registered addresses	Maples Corporate Services Ltd. – PO Box 309, Ugland House, Grand Cayman – KY-1104, Cayman Islands
Ownership Percentage	51%
Sustainable Luxury Holdings Thailand Limited
Disclosure of Composition of Group [Line Items]
Registered addresses	57, 9th Floor, Park Ventures Ecoplex, Unit 902–904, Wireless Road, Limpini, Pathum Wan Bangkok 103330, Thailand
Universal de Hoteles SA [member]
Disclosure of Composition of Group [Line Items]
Name of subsidiary	Universal de Hoteles SA
Registered addresses	Calle 49, Sur 45 A 300, Oficina 1102, 055422 Envigado, Antioquia, Colombia
Ownership Percentage	99.99%
Ownership interest type in subsidiaries	Minority interest relates to one or more individual shareholders who are employed or were previously employed by the entity

Group Companies - Summary of _2

Group Companies - Summary of Investment in Associates (Detail)	12 Months Ended
	Dec. 31, 2024
111 East 48th Street Holdings LLC [member]
Disclosure of Composition of Group [Line Items]
Associates	111 East 48th Street Holdings LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage in associates	19.90%
Ownership interest type in associates	The entities do not have share capital and are governed by an operating agreement: Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement
131 West 23rd Owner, LLC
Disclosure of Composition of Group [Line Items]
Associates	131 West 23rd Owner, LLC
Registered addresses	Room 1928, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Ownership Percentage in associates	0%
Alkoer, S. de R.L. de C.V. [member]
Disclosure of Composition of Group [Line Items]
Associates	Alkoer, Sociedad de Responsabilidad Limitada de Capital Variable
Registered addresses	Avenida Ejercito Nacional Mexicano No. 769, Torre B Piso 8, Granada, Miguel Hidalgo, Ciudad de Mexico, CP 11520, Mexico
Ownership Percentage in associates	50%
Ownership interest type in associates	Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement
ASR-JV One, LLC Preferred Equity Interest [member]
Disclosure of Composition of Group [Line Items]
Associates	ASR-JV One, LLC
Registered addresses	251 Little Falls Drive, Suite 400, Wilmington, New Castle County, DE19808, USA
Ownership Percentage in associates	0%
Ownership interest type in associates	12.5% cumulative preference shares
Beijing Orient Express Hotel Co., Ltd. [member]
Disclosure of Composition of Group [Line Items]
Associates	Beijing Orient Express Hotel Co., Ltd.
Registered addresses	Room 311, Building 1, No. 6 East Wen Hua Yuan Road, Beijing Economy and Technology Development Zone, Beijing, P.R. China
Ownership Percentage in associates	16.25%
Blue Blood (Tianjin) Equity Investment Management Co., Limited [member]
Disclosure of Composition of Group [Line Items]
Associates	Blue Blood (Tianjin) Equity Investment Management Co., Limited
Registered addresses	Room N306, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China
Ownership Percentage in associates	30.05%
Carr SWW Subventure, LLC [Member]
Disclosure of Composition of Group [Line Items]
Associates	Carr SWW Subventure, LLC
Registered addresses	Carr Hospitality, LLC, 1455 Pennsylvania Avenue, NW, Suite 200, Washington, DC 20004, USA
Ownership Percentage in associates	26.67%
Ownership interest type in associates	The entities do not have share capital and are governed by an operating agreement
Carr Waterfront Hotel, LLC [member]
Disclosure of Composition of Group [Line Items]
Associates	Carr Waterfront Hotel, LLC
Registered addresses	Carr Hospitality, LLC, 1455 Pennsylvania Avenue, NW, Suite 200, Washington, DC 20004, USA
Ownership Percentage in associates	11.73%
Ownership interest type in associates	The entities do not have share capital and are governed by an operating agreement; Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement
China Hotel Investment Limited [member]
Disclosure of Composition of Group [Line Items]
Associates	China Hotel Investment Ltd.
Registered addresses	The Phoenix Centre, George Street, Belleville St. Michael, Barbados
Ownership Percentage in associates	30.05%
Ownership interest type in associates	Accounted for as an other financial asset due to IHG being unable to exercise significant influence over the financial and operating policy decisions of the entity
Desarrollo Alkoer Irapuato S. de R.L. de C.V. [member]
Disclosure of Composition of Group [Line Items]
Associates	Desarrollo Alkoer Irapuato S. de R.L. de C.V.
Registered addresses	Avenida Ejercito Nacional Mexicano No. 769, Torre B Piso 8, Granada, Miguel Hidalgo, Ciudad de Mexico, CP 11520, Mexico
Ownership Percentage in associates	50%
Desarrollo Alkoer Saltillo S. de R.L. de C.V. [member]
Disclosure of Composition of Group [Line Items]
Associates	Desarrollo Alkoer Saltillo S. de R.L. de C.V.
Registered addresses	Avenida Ejercito Nacional Mexicano No. 769, Torre B Piso 8, Granada, Miguel Hidalgo, Ciudad de Mexico, CP 11520, Mexico
Ownership Percentage in associates	50%
Desarrollo Alkoer Silao S. de R.L. de C.V. [member]
Disclosure of Composition of Group [Line Items]
Associates	Desarrollo Alkoer Silao S. de R.L. de C.V.
Registered addresses	Avenida Ejercito Nacional Mexicano No. 769, Torre B Piso 8, Granada, Miguel Hidalgo, Ciudad de Mexico, CP 11520, Mexico
Ownership Percentage in associates	50%
EDG Alpharetta EH, LLC [Member]
Disclosure of Composition of Group [Line Items]
Associates	EDG Alpharetta EH, LLC
Registered addresses	The Corporation Trust Centre, 1209 Orange Street, Wilmington, DE 19801, USA
Ownership Percentage in associates	0%
Ownership interest type in associates	12.5% cumulative preference shares
Gestion Hotelera Gestel, C.A. [member]
Disclosure of Composition of Group [Line Items]
Associates	Gestion Hotelera Gestel, C.A.
Registered addresses	Hotel Tamanaco Inter-Continental, Final Av. Ppal, Mercedes, Caracas, Venezuela
Ownership Percentage in associates	50%
Ownership interest type in associates	Ordinary A and ordinary B shares; Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement
Groups360, LLC [Member]
Disclosure of Composition of Group [Line Items]
Associates	Groups360, LLC
Registered addresses	251 Little Falls Drive, Suite 400, Wilmington, New Castle County, DE19808, USA
Ownership Percentage in associates	12.02%
Ownership interest type in associates	Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement
Inter-Continental Hotels Saudi Arabia Limited [member]
Disclosure of Composition of Group [Line Items]
Associates	Inter-Continental Hotels Saudi Arabia Ltd.
Registered addresses	Madinah Road, Jeddah, P.O Box 9456, Post Code 21413, Jeddah, Saudi Arabia
Ownership Percentage in associates	40%
Kimpton Hollywood Licenses LLC [member]
Disclosure of Composition of Group [Line Items]
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
NF III Seattle, LLC [member]
Disclosure of Composition of Group [Line Items]
Associates	NF III Seattle, LLC
Registered addresses	The Corporation Trust Centre, 1209 Orange Street, Wilmington, DE 19801, USA
Ownership Percentage in associates	25%
Ownership interest type in associates	The entities do not have share capital and are governed by an operating agreement
NF III Seattle Op Co, LLC [Member]
Disclosure of Composition of Group [Line Items]
Associates	NF III Seattle Op Co, LLC
Registered addresses	The Corporation Trust Centre, 1209 Orange Street, Wilmington, DE 19801, USA
Ownership Percentage in associates	25%
Ownership interest type in associates	The entities do not have share capital and are governed by an operating agreement
Nuevas Fronteras S.A. [member]
Disclosure of Composition of Group [Line Items]
Associates	Nuevas Fronteras S.A.
Registered addresses	Moreno 809 2 Piso, C1091AAQ Buenos Aires, Argentina
Ownership Percentage in associates	23.66%
President Hotel & Tower Co Ltd. [member]
Disclosure of Composition of Group [Line Items]
Associates	President Hotel & Tower Co Ltd.
Registered addresses	971, 973 Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330, Thailand
Ownership Percentage in associates	30%
Sustainable Luxury Gravity Global Private Limited [Member]
Disclosure of Composition of Group [Line Items]
Associates	Sustainable Luxury Gravity Global Private Limited
Registered addresses	B-11515 Bhikaj Cama Place, New Delhi, South Delhi, 110066 India
Ownership Percentage in associates	51%
Ownership interest type in associates	Accounted for as associates and joint ventures due to IHG’s decision-making rights contained in the partnership agreement
SURF Samui Pte Ltd [Member]
Disclosure of Composition of Group [Line Items]
Associates	SURF-Samui Pte. Ltd.
Registered addresses	168 Robinson Road, #16–01 SIF Building, 068899, Singapore
Ownership Percentage in associates	49%
Tianjin ICBCI IHG Equity Investment Fund Management Co., Limited [member]
Disclosure of Composition of Group [Line Items]
Associates	Tianjin ICBCI IHG Equity Investment Fund Management Co., Limited
Registered addresses	Room R316, 3rd Floor, Building 6, Binhai Financial Street, No. 52 West Xincheng Road, Tianjin Economy and Technology Development Zone, Tianjin, P.R. China
Ownership Percentage in associates	21.04%
Universal Blvd Hotel Venture LLC [Member]
Disclosure of Composition of Group [Line Items]
Associates	Universal Blvd Hotel Venture LLC
Registered addresses	Three Ravinia Drive, Suite 100, Atlanta, GA 30346, USA
Ownership Percentage in associates	25%

Condensed parent company fina_3

Condensed parent company financial information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Description of Mandatory Dividend or Redemption Provisions of Redeemable Stock of Registrant	there are no mandatory dividend or redemption requirements for redeemable stocks to disclose.
Description of Guarantees Given by Registrant	The Company will guarantee all outstanding liabilities of the above UK subsidiary undertakings as at the balance sheet date in accordance with Section 479C of the Companies Act 2006. The Company has assessed the probability of loss under the guarantees as remote.

Condensed parent company fina_4

Condensed parent company financial information - Condensed Parent Company Statement of Profit/(Loss) and Other Comprehensive Income (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Profit or loss [abstract]
Administrative expenses		$ (359)	$ (338)	$ (353)
Operating profit/loss		1,041	1,066	628
Financial income		63	39	22
Financial expenses		(203)	(91)	(118)
Profit/(loss) before tax		897	1,010	540
Tax	[1]	(269)	(260)	(164)
Profit for the year		628	750	376
Items that may be subsequently reclassified to profit or loss:
(Losses)/gains on cash flow hedges, including related tax charge of $2m (2023: $1m charge; 2022: $2m credit)		(124)	(30)	35
Costs of hedging		(11)	0	3
Hedging losses/(gains) reclassified to financial expenses		165	28	(43)
Exchange (losses)/gains on translation		4	(137)	187
Total other comprehensive income/(loss) for the year		33	(129)	192
Total comprehensive income for the year		661	621	568
Parent Company [member]
Profit or loss [abstract]
Administrative expenses		(2)	(2)	(2)
Operating profit/loss		(2)	(2)	(2)
Dividend income from subsidiary undertakings		762	1,877	858
Financial income		30	30	4
Financial expenses		(81)	(77)	(85)
Profit/(loss) before tax		709	1,828	775
Tax		16	16	21
Profit for the year		725	1,844	796
Items that may be subsequently reclassified to profit or loss:
(Losses)/gains on cash flow hedges, including related tax charge of $2m (2023: $1m charge; 2022: $2m credit)		(51)	(36)	36
Costs of hedging		1	2	3
Hedging losses/(gains) reclassified to financial expenses		57	35	(43)
Exchange (losses)/gains on translation		(38)	119	(110)
Total other comprehensive income/(loss) for the year		(31)	120	(114)
Total comprehensive income for the year		$ 694	$ 1,964	$ 682
[1]‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.

Condensed parent company fina_5

Condensed parent company financial information - Condensed Parent Company statement of profit/(loss) and other comprehensive income (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Parent Company Statement of Profit/(Loss) and Other Comprehensive Income [Line Items]
(Losses)/gains on cash flow hedges, including related tax	$ 0	$ 1	$ (2)
Parent Company [member]
Parent Company Statement of Profit/(Loss) and Other Comprehensive Income [Line Items]
(Losses)/gains on cash flow hedges, including related tax	$ 2	$ 1	$ (2)

Condensed parent company fina_6

Condensed parent company financial information - Condensed Parent Company statement of financial position (Detail) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Investments in subsidiary undertakings	$ 51	$ 48
Deferred tax assets	122	134
Total non-current assets	2,879	2,684
Other receivables	41	68
Total current assets	1,869	2,129
Total assets	4,748	4,813
LIABILITIES
Loans and other borrowings	(3,274)	(3,166)
Derivative financial instruments	0	(25)
Total current liabilities	(1,928)	(2,190)
Non-current payables	(78)	(75)
Derivative financial instruments	(78)	0
Total non-current liabilities	(5,128)	(4,569)
Total liabilities	(7,056)	(6,759)
Net assets (liabilities)	(2,308)	(1,946)
EQUITY
Total equity	(2,308)	(1,946)	$ (1,608)	$ (1,474)
Parent Company [member]
ASSETS
Investments in subsidiary undertakings	4,077	4,113
Derivative financial instruments	0	1
Deferred tax assets	53	55
Total non-current assets	4,130	4,169
Amounts due from related parties	193	1,107
Other receivables	16	9
Total current assets	209	1,116
Total assets	4,339	5,285
LIABILITIES
Loans and other borrowings	(381)	(555)
Amounts due to related parties	(1)	0
Derivative financial instruments	0	(26)
Total current liabilities	(382)	(581)
Loans and other borrowings	(1,469)	(1,904)
Non-current payables	(2)	0
Derivative financial instruments	(14)	0
Total non-current liabilities	(1,485)	(1,904)
Total liabilities	(1,867)	(2,485)
Net assets (liabilities)	2,472	2,800
EQUITY
Called up share capital	43	46
Share premium account	94	95
Currency translation reserve	(250)	(212)
Other reserves	759	707
Retained earnings	1,826	2,164
Total equity	$ 2,472	$ 2,800

Condensed parent company fina_7

Condensed parent company financial information - Condensed Parent Company statement of cash flows (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Parent Company Statement of Cash Flows [Line Items]
Profit for the year	$ 628	$ 750	$ 376
Adjustments for:
Administrative expenses	359	338	353
Net financial expenses	140	52	96
Income tax charge	269	260	164
Total adjustments	521	469	585
Cash flow from operations	1,149	1,219	961
Interest received	57	36	22
Interest paid	(170)	(119)	(126)
Net cash from operating activities	724	893	646
Cash flow from investing activities
Net cash from investing activities	(99)	(137)	(78)
Cash flow from financing activities
Repurchase of shares, including taxes and transaction costs	(804)	(790)	(482)
Dividends paid to shareholders	(259)	(245)	(233)
Repayment of long-term bonds	(547)	0	(209)
Settlement of currency swaps	(45)	0
Net cash from financing activities	(894)	(417)	(961)
Net movement in cash and cash equivalents in the year	(269)	339	(393)
Cash and cash equivalents at beginning of the year	1,278	921	1,391
Exchange rate effects	(18)	18	(77)
Cash and cash equivalents at end of the year	991	1,278	921
Parent Company [member]
Parent Company Statement of Cash Flows [Line Items]
Profit for the year	725	1,844	796
Adjustments for:
Administrative expenses	2	2	2
Net financial expenses	51	47	81
Dividend income from subsidiary undertakings	(762)	(1,877)	(858)
Income tax charge	(16)	(16)	(21)
Total adjustments	(725)	(1,844)	(796)
Changes in amounts due from related parties: operating activities	7	9	10
Cash flow from operations	7	9	10
Interest received	30	29	4
Interest paid	(84)	(74)	(80)
Net cash from operating activities	(47)	(36)	(66)
Cash flow from investing activities
Dividend received from subsidiary undertaking	762	1,877	858
Changes in amounts due from related parties: investing activities	930	(824)	132
Net cash from investing activities	1,692	1,053	990
Cash flow from financing activities
Repurchase of shares, including taxes and transaction costs	(804)	(790)	(482)
Dividends paid to shareholders	(259)	(245)	(233)
Repayment of long-term bonds	(547)	0	(209)
Settlement of currency swaps	(45)	0	0
Changes in amounts due from related parties: financing activities	10	18	0
Net cash from financing activities	(1,645)	(1,017)	(924)
Net movement in cash and cash equivalents in the year	0	0	0
Cash and cash equivalents at beginning of the year	0	0	0
Exchange rate effects	0	0	0
Cash and cash equivalents at end of the year	$ 0	$ 0	$ 0

Condensed parent company fina_8

Condensed parent company financial information - Company Provided Guarantees in Respect of Certain Borrowings of Subsidiaries (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 3,274	$ 3,166
EUR600m 4.375% bonds 2029 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	28 November 2029
EUR750m 3.625% bonds 2031 [Member]
Disclosure of detailed information about borrowings [line items]
Maturity date	27 September 2031
Parent [member]
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 1,407	663	$ 0
Parent [member] | EUR600m 4.375% bonds 2029 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	28 November 2029
Borrowings	$ 623	663	0
Parent [member] | EUR750m 3.625% bonds 2031 [Member]
Disclosure of detailed information about borrowings [line items]
Maturity date	27 September 2031
Borrowings	$ 784	$ 0	$ 0

Condensed parent company fina_9

Condensed parent company financial information - Company Provided Maturity Profile of Borrowings of the Parent Company and Borrowings of Subsidiaries Carrying Value (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 3,274	$ 3,166
GBP300m 3.75% bonds 2025 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	14 August 2025
Borrowings	$ 381	387
GBP350m 2.125% bonds 2026 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	24 August 2026
Borrowings	$ 441	449
EUR500m 2.125% bonds 2027 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	15 May 2027
Borrowings	$ 526	559
GBP400m 3.375% bonds 2028 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	8 October 2028
Parent Company [Member]
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 381	$ 555
Parent Company [Member] | 2025 [member]
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 376
Parent Company [Member] | 2025 [member] | GBP300m 3.75% bonds 2025 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	14 August 2025
Borrowings	$ 376
Parent Company [Member] | 2026 [member]
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 439
Parent Company [Member] | 2026 [member] | GBP350m 2.125% bonds 2026 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	24 August 2026
Borrowings	$ 439
Parent Company [Member] | 2027 [member]
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 521
Parent Company [Member] | 2027 [member] | EUR500m 2.125% bonds 2027 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	15 May 2027
Borrowings	$ 521
Parent Company [Member] | 2028 [member]
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 502
Parent Company [Member] | 2028 [member] | GBP400m 3.375% bonds 2028 [member]
Disclosure of detailed information about borrowings [line items]
Maturity date	8 October 2028
Borrowings	$ 502