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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
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
) 
       –  
Derivative financial instruments    
–
      (26 ) 
Total current liabilities
    
(382
) 
       (581 ) 
Loans and other borrowings    
(1,469
) 
       (1,904 ) 
Non-current
payables		    
(2
) 
       –  
Derivative financial instruments    
(14
) 
       –  
Total
non-current
liabilities
    
(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
  
€
600m 4.375% bonds 2029		      28 November 2029       
623
       663          –  
€
750m 3.625% bonds 2031		      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
 
–
 
–
€
500m 2.125% bonds 2027		   15 May 2027    
–
 
–
 
521
 
–
£400m 3.375% bonds 2028   8 October 2028    
–
 
–
 
–
 
502
         
376
 
439
 
521
 
502