IHG Initiates $950 Million Share Buyback Amid Positive Market Outlook

InterContinental Hotels Group (IHG) has announced a $950 million share buyback program, reflecting its confidence in the recovery of the travel sector in China and its optimistic outlook for the U.S. market. Bloomberg posted on X, highlighting IHG's strategic move as a sign of its belief in the ongoing rebound in travel demand. The company anticipates continued growth in both regions, driven by increasing consumer interest and economic recovery. IHG's decision underscores its commitment to enhancing shareholder value while capitalizing on favorable market conditions.