InterContinental Hotels Group PLC (IHG) Revenue History
Annual and quarterly revenue from 2000 to present
IHG Revenue Over Time (2000–2025)
IHG Revenue Growth History
16 of 25 years with positive growth- FY2000 revenue growth
- N/A
- FY2001 revenue growth
- -32.7%
- FY2002 revenue growth
- +55.8%
- FY2003 revenue growth
- +9.6%
- FY2004 revenue growth
- -32.0%
- FY2005 revenue growth
- -71.0%
- FY2006 revenue growth
- +25.5%
- FY2007 revenue growth
- +13.7%
- FY2008 revenue growth
- +5.9%
- FY2009 revenue growth
- -17.0%
- FY2010 revenue growth
- +5.9%
- FY2011 revenue growth
- +8.6%
- FY2012 revenue growth
- +3.8%
- FY2013 revenue growth
- +3.7%
- FY2014 revenue growth
- -2.4%
- FY2015 revenue growth
- -3.0%
- FY2016 revenue growth
- -4.9%
- FY2017 revenue growth
- +137.6%
- FY2018 revenue growth
- +6.4%
- FY2019 revenue growth
- +6.7%
- FY2020 revenue growth
- -48.3%
- FY2021 revenue growth
- +21.4%
- FY2022 revenue growth
- +33.9%
- FY2023 revenue growth
- -4.2%
- FY2024 revenue growth
- +32.1%
- FY2025 revenue growth
- +5.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $2.67B | +2.7% |
| Q2 2025 | $2.54B | +9.4% |
| Q4 2024 | $2.60B | +33.5% |
| Q2 2024 | $2.32B | +4.3% |
| Q4 2023 | $1.95B | +16.9% |
| Q2 2023 | $2.23B | +59.7% |
| Q4 2022 | $1.67B | +21.2% |
| Q2 2022 | $1.39B | +47.8% |
Revenue Breakdown (FY 2020)
IHG's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
By Geography
IHG Revenue Analysis (2000–2025)
Current Revenue & Growth
As of June 21, 2026, InterContinental Hotels Group PLC (IHG) generated trailing twelve-month (TTM) revenue of $10.13 billion, reflecting modest growth of +2.7% year-over-year. The most recent quarter (Q4 2025) recorded $2.67 billion in revenue, up 5.1% sequentially.
Historical Growth Trajectory
IHG's 5-year compound annual growth rate (CAGR) stands at +16.7%, indicating consistent double-digit revenue growth. The 3-year CAGR of +10.1% is below the 5-year average, signalling a growth deceleration in recent years. InterContinental Hotels Group PLC's highest annual revenue of $6.22 billion was recorded in 2003.
Revenue by Segment
IHG's revenue is primarily driven by Loyalty Programme (83%), Other (10%), and Application and re-licensing fees (5%). With over half of revenue concentrated in Loyalty Programme, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including MAR (+4.7% YoY), HLT (+8.7% YoY), and H (+93.6% YoY) — IHG has underperformed the peer group in revenue growth. Compare IHG vs MAR →
IHG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IHGCurrent | $10.1B | +2.7% | +16.7% | 23.1% | |
 MAR | $26.2B | +4.7% | +19.9% | 15.8% | |
 HLT | $12.0B | +8.7% | +22.8% | 22.4% | |
 H | $7.2B | +93.6% | +55.8% | 7.8% | |
 WH | $1.4B | +1.6% | +1.9% | 28.4% | |
 CHH | $1.6B | +1.2% | +15.6% | 28.4% |
IHG Historical Revenue Data (2000–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.19B | +5.4% | $1.66B | 32.0% | $1.20B | 23.1% |
| 2024 | $4.92B | +32.1% | $1.46B | 29.6% | $1.04B | 21.1% |
| 2023 | $3.73B | -4.2% | $1.94B | 52.0% | $1.07B | 28.6% |
| 2022 | $3.89B | +33.9% | $1.09B | 28.0% | $628.0M | 16.1% |
| 2021 | $2.91B | +21.4% | $893.0M | 30.7% | $494.0M | 17.0% |
| 2020 | $2.39B | -48.3% | $536.0M | 22.4% | $165.0M | 6.9% |
| 2019 | $4.63B | +6.7% | $1.24B | 26.9% | $630.0M | 13.6% |
| 2018 | $4.34B | +6.4% | $1.08B | 24.9% | $566.0M | 13.1% |
| 2017 | $4.08B | +137.6% | $1.13B | 27.6% | $728.0M | 17.9% |
| 2016 | $1.72B | -4.9% | $1.14B | 66.2% | $678.0M | 39.5% |
| 2015 | $1.80B | -3.0% | $1.16B | 64.5% | $1.50B | 83.1% |
| 2014 | $1.86B | -2.4% | $1.12B | 60.1% | $680.0M | 36.6% |
| 2013 | $1.90B | +3.7% | $1.12B | 58.8% | $673.0M | 35.4% |
| 2012 | $1.83B | +3.8% | $1.06B | 57.9% | $610.0M | 33.2% |
| 2011 | $1.77B | +8.6% | $997.0M | 56.4% | $594.0M | 33.6% |
Full Stock Analysis
Deep dive into IHG consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
26+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
IHG — Frequently Asked Questions
Quick answers to the most common questions about buying IHG stock.
Is IHG's revenue growth accelerating or slowing?
IHG revenue growth is slowing. TTM revenue is $10.1B, up +2.7% year-over-year — below the 5-year CAGR of +16.7%. The deceleration suggests maturing end-markets or increased competition.
What is IHG's revenue history from 2000 to 2026?
InterContinental Hotels Group PLC (IHG) revenue history spans 2000 to 2026. TTM revenue as of 2026 is $10.1B, growing at +2.7% YoY. The 5-year CAGR is +16.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is IHG's long-term revenue growth rate (CAGR)?
InterContinental Hotels Group PLC's 5-year revenue CAGR of +16.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +2.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for IHG.
Why does IHG's quarterly revenue fluctuate?
IHG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. InterContinental Hotels Group PLC's revenue data from 2000 to 2026 shows full historical quarterly detail on this page.
How is IHG's revenue distributed by segment?
IHG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does IHG's revenue compare to industry peers?
InterContinental Hotels Group PLC (IHG) with TTM revenue of $10.1B and +2.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.