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INTERCONTINENTAL HOTELS GROUP PLC NEW

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

View on SEC.gov

About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2023 · Filed Feb 29, 2024

Use the contents to explore the available documents and sections.

IHG$178.75+1.8%Stored close · as of Nov 6, 2026
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Contents

Cover page

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 20-F

(Mark One)

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

or

For the fiscal year ended December 31,2023

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

or

☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number:1-10409

InterContinental Hotels Group PLC

(Exact name of registrant as specified in its charter)

England

and Wales

(Jurisdiction of incorporation or organization)

1 Windsor Dials,

Arthur Road,

Windsor, Berkshire

, SL4 1RS

(Address of principal executive offices)

General Counsel and Company Secretary

+44 (0)1753 972000

companysecretariat@ihg.com

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
American Depositary SharesOrdinary Shares of 20340⁄399 pence eachIHGIHGNew York Stock ExchangeNew York Stock Exchange*
  • Not for trading, but only in connection with the registration of American Depositary Shares, pursuant to the requirements of the Securities and Exchange Commission.

Securities registered or to be registered pursuant to Section 12(g) of the Act:

None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:

Ordinary Shares of 20340⁄399 pence each172,256,766

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act: Yes ☑ No ☐

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934: Yes ☐No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days: Yes ☑

No

☐

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☑Accelerated filer☐
Non-accelerated filer☐Emerging growth company☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to

Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to

§240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

US GAAP ☐International Financial Reporting Standards as issued bythe International Accounting Standards Board ☑Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item

the

registrant has elected to follow.

☐ Item 17 ☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):

Yes ☐ No☑

(Applicable only to Issuers involved in bankruptcy proceedings during the past five years).

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

☐ Yes ☐ No

Auditor Firm Id: 876Auditor Name: PricewaterhouseCoopers LLPAuditor Location: London, United Kingdom

True Hospitality for Good Annual Report and Form 20-F

Welcome Our purpose is to provide True Hospitality for Good. It brings our brands to life, shapes our culture and represents a commitment to make a difference to our people, guests and communities, and to protect the world around us. With strong stakeholder engagement, together we work towards common goals that help create shared value for all. Holiday Inn Resort, Phuket, Surin Beach, Thailand

What’s inside
Strategic Report
22023 in review
4Chair’s statement
6Chief Executive Officer’s review
8Industry overview
10Our business model
14Trends shaping our industry
16A brand for everyone
18Our strategy
36Our stakeholders
38Our culture – how we operate responsibly
42Our risk management
50Viability statement
52Delivering on the recommendations of TCFD
60Key performance indicators (KPIs)
64Chief Financial Officer’s review
65Performance
65Group
73Americas
77Europe, Middle East, Asia & Africa (EMEAA)
80Greater China
83Central
84Key performance measures and non-GAAP measures
Governance
90Chair’s overview
92Our Board of Directors
96Board and Committee membership and attendance in 2023
97Our Executive Committee
100Governance structure
101Board activities
101Key areas of focus during the year
102Key matters discussed in 2023 and Section 172 statement
104Our shareholders and investors
104Director appointments and induction
105Board effectiveness evaluation
107Audit Committee Report
112Responsible Business Committee Report
114Nomination Committee Report
116Directors’ Remuneration Report
141Statement of compliance
Group Financial Statements
144Statement of Directors’ Responsibilities
151Independent Auditor’s US Report
154Group Financial Statements
161Accounting policies
173Notes to the Group Financial Statements
Additional Information
226Other financial information
235Directors’ Report
242Group information
255Shareholder information
262Exhibits
263Forward-looking statements
264Form 20-F cross-reference guide
267Glossary
269Useful information
The Strategic Report on pages 2 to 88 wasapproved by the Board on 19 February 2024. Nicolette Henfrey Company Secretary
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.