Feb 18, 2025 / 09:30AM GMT
Elie Maalouf InterContinental Hotels Group PLC-CEO
-- take your first question. I will summarize our strong performance.
Our rev bar grew by 3%, with momentum improving across all regions in Q4. We delivered gross system growth of 6.2% and net system growth of 4.3%, representing the third consecutive year of accelerating system growth.
We signed 106,000 rooms across 714 hotels, delivering a 34% increase in signings over 2023. We expanded our fee margin by 190 basis points, driven by 130 basis points of uplift from operating leverage and 60 basis points of uplift from new ancillary fee agreements. EBIT grew 10% and adjusted EPS grew 15%.
We completed our $800 million share buyback program, which together with ordinary dividends, returned over $1 billion to shareholders. And today, we announced the launch of a new $900 million share buyback program, which together with dividend payments, is expected to return over $1.1 billion to shareholders in 2025. And we announced the acquisition of the Ruby brand for $116 million, a premium urban lifestyle brand.
In summary
Full Year 2024 InterContinental Hotels Group PLC Earnings Call Transcript
Feb 18, 2025
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