IHG Hotels & Resorts' global hotel portfolio has grown to more than 1 million rooms, CEO Elie Maalouf said.
IHG is the third global hotel brand company to reach this portfolio milestone, together with Marriott International and Hilton. IHG's global hotel portfolio ended the first half of 2025 with approximately 999,000 open hotel rooms, then crossed the 1-million-threshhold between the end of June and before IHG's earnings conference call Thursday.
“Reaching one million rooms reflects the deep trust and confidence our guests, owners and investors place in IHG and our brands. But more than that, it’s a celebration of our colleagues,” Maalouf said in a statement.
Maalouf said IHG opened 207 hotels and more than 31,000 rooms in the first half of 2025. The company's global development pipeline has 2,276 hotels and 338,000 rooms as of the end of the second quarter.
In the past year, IHG Hotels & Resorts reached 4,000 operating hotels in the U.S. and 800 operating hotels in Greater China, Maalouf said.
Across the board, IHG posted positive results in the first six months of the year. Maalouf said the period showed “strong financial performance [and] excellent execution against our strategic framework.”
Year over year, IHG's revenue increased 6% to $1.17 billion and operating profit increased 13% to $604 million, said Michael Glover, IHG's chief financial officer.
IHG's first-half global hotel revenue per available room increased year over year by 1.8%. In Europe, Middle East, Africa and Asia, RevPAR rose 4.1% during the first half of the year. Globally, IHG's hotel occupancy increased 0.3% and average daily rate increased 1.4%.
“Fee business revenue increased 7%, and fee-business operating profit increased 14%. … Fee margins increased by [3.9%] to 64.7%,” Glover said. “Adjusted interest increased to $91 million, putting us on track for our full-year guidance range that we have narrowed to between $195 million and $205 million.”
Global economic and political headwinds appear to be subsiding, Maalouf said. He added this is encouraging for IHG's performance for the rest of the year and beyond.
In February, IHG added its 20th brand with the acquisition of German hotel firm Ruby Hotels. Ruby has 20 operating hotels and plans to scale that number to 120 hotels within 10 years.
Glover added that 47% of IHG’s $900-million share buyback program was completed by the end of the first half of the year. The company is on course to return more than $1.1 billion to shareholders this year through this program and in dividend payments.
As of press time, IHG stock was trading at £93.32 pounds ($124) a share, a 28.3% increase year over year. The London Stock Exchange’s FTSE 100 index was up 11.4% over the same period.