Stock Market News

Holiday Inn-owner IHG’s CEO Barr to step down

2023.05.05 02:46


© Reuters. FILE PHOTO: IHG logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – Holiday Inn owner IHG Plc said on Friday its CEO Keith Barr would step down on June 30 and the company’s Americas CEO Elie Maalouf would succeed him.

Barr, who has been with IHG for over 30 years, took over as the group CEO in July 2017.

“He has rallied a business around a clear strategy with hotel owners and guests at its heart, strengthened IHG’s enterprise platform, and placed the business on a path to long-term sustainable growth and to continue an excellent track record of shareholder value creation,” Chair Deanna Oppenheimer said in a statement.

Hotel operators, who had been grappling over the past year with an uneven recovery in Chinese demand, are now benefiting from pent-up demand in Greater China.

Separately, the Crowne Plaza, Regent and Hualuxe owner reported a 33% jump in first-quarter revenue per available room (RevPAR) – a key measure for a hotel’s top-line performance.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 82,896.21 0.28%
ethereum
Ethereum (ETH) $ 1,934.62 1.67%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.29 0.23%
bnb
BNB (BNB) $ 618.08 1.68%
solana
Solana (SOL) $ 125.92 1.43%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.706401 0.25%
dogecoin
Dogecoin (DOGE) $ 0.168614 0.49%
tron
TRON (TRX) $ 0.235749 6.27%
staked-ether
Lido Staked Ether (STETH) $ 1,933.03 1.75%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,811.19 0.23%
leo-token
LEO Token (LEO) $ 9.77 0.05%
chainlink
Chainlink (LINK) $ 13.93 0.72%
the-open-network
Toncoin (TON) $ 3.54 2.71%
stellar
Stellar (XLM) $ 0.278569 4.38%
usds
USDS (USDS) $ 1.00 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,312.83 1.57%
avalanche-2
Avalanche (AVAX) $ 19.18 3.49%
hedera-hashgraph
Hedera (HBAR) $ 0.18759 0.43%
pi-network
Pi Network (PI) $ 1.15 8.21%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.23%
sui
Sui (SUI) $ 2.32 0.97%
mantra-dao
MANTRA (OM) $ 7.05 2.97%
polkadot
Polkadot (DOT) $ 4.50 5.47%
litecoin
Litecoin (LTC) $ 90.27 0.34%
bitcoin-cash
Bitcoin Cash (BCH) $ 334.35 0.29%
bitget-token
Bitget Token (BGB) $ 4.63 4.49%
ethena-usde
Ethena USDe (USDE) $ 0.999779 0.03%
weth
WETH (WETH) $ 1,933.08 1.67%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998343 0.10%
hyperliquid
Hyperliquid (HYPE) $ 13.93 5.90%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,055.46 1.60%
whitebit
WhiteBIT Coin (WBT) $ 28.13 0.79%
monero
Monero (XMR) $ 209.56 0.05%
uniswap
Uniswap (UNI) $ 6.38 3.22%
susds
sUSDS (SUSDS) $ 1.04 0.11%
aptos
Aptos (APT) $ 5.49 4.73%
dai
Dai (DAI) $ 1.00 0.06%
okb
OKB (OKB) $ 52.64 1.42%
near
NEAR Protocol (NEAR) $ 2.59 1.37%
pepe
Pepe (PEPE) $ 0.000007 0.71%
internet-computer
Internet Computer (ICP) $ 5.84 0.45%
ethereum-classic
Ethereum Classic (ETC) $ 17.97 2.17%
gatechain-token
Gate (GT) $ 22.01 1.17%
mantle
Mantle (MNT) $ 0.801899 2.67%
ondo-finance
Ondo (ONDO) $ 0.841789 0.67%
aave
Aave (AAVE) $ 172.31 0.58%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,951.22 0.25%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.19 5.42%