InterContinental Hotels Group PLC ADR

Rompho Property Public Company Limited, or TITLE, is confident that the second half of the year will continue to grow, supported by Phuket's tourist season, and has set a revenue target of 6 billion baht for 2026. In the first half, total revenue reached 2.004 billion baht, up 377 percent from the same period last year, with net profit of 293 million baht, a growth of 1,358 percent. A key driver was revenue recognition from the newly completed project, The Title Serenity Nai Yang, valued at 4 billion baht. In the second half, the company will continue to gradually hand over this project, while beginning transfers of major projects such as The Title Heritage Bangtao, valued at 6 billion baht, and The Title Cielo Rawai, valued at 1.2 billion baht. It also prepares to recognize revenue from its first luxury villa project, The Title Villa Estella Nai Yang, valued at 500 million baht, which is already sold out. Additionally, the company has a sales backlog as of the end of the second quarter of 2026 worth over 22.981 billion baht, to be gradually recognized through 2028, and is expanding its recurring income portfolio through the hospitality business, preparing to open its first beachfront restaurant and develop three new hotel projects in partnership with IHG Hotels and Resorts.

IHG Hotels & Resorts has signed an agreement with Chokdeesuk Company Limited to launch Holiday Inn Express Krabi Ao Nang, a rebranding of an existing hotel with 158 rooms, scheduled to open by the end of 2026. This hotel will become the first Holiday Inn Express in Thailand to feature the Generation 5 design and the second in Southeast Asia, ahead of its official opening later this year. The signing builds on the existing partnership between the two parties, which developed the nearby Holiday Inn Resort Krabi Ao Nang Beach. IHG currently has 42 hotels in Thailand across 11 brands, with another 39 properties in the development pipeline.

InterContinental Hotels Group PLC purchased 1,000 of its own ordinary shares on 23 July 2026 through Goldman Sachs International on the London Stock Exchange. The lowest price paid per share was $152.4500, the highest was $154.6500, and the average price was $153.3945. The company intends to cancel the purchased shares, leaving 148,606,282 ordinary shares in issue excluding treasury holdings.

TITLE is advancing the development of THE TITLE District of Naiyang, a landmark for comprehensive living and lifestyle on Nai Yang Beach in Phuket province. Currently, the company has residential projects in the area totaling over 2,000 units, with a combined value exceeding 11.247 billion baht. It is accelerating the development of a community mall, hotel, beach club, and various facilities, alongside upgrading public areas and the surrounding landscape, to sustainably propel Nai Yang Beach from a hidden gem to a world destination. Most recently, it launched The Olive project worth 1.4 billion baht and THE TITLE Serenity Naiyang project worth 4 billion baht, which has already achieved over 80% bookings. In addition, it has partnered with IHG Hotels and Resorts to develop the Hotel Indigo Phuket Nai Yang Beach with over 170 rooms, scheduled to open in 2030, and is preparing to open The Salute beach club within this year.

InterContinental Hotels Group PLC purchased 1,000 of its own ordinary shares on 15 July 2026 through Goldman Sachs International on the London Stock Exchange. The lowest price paid per share was $156.6000, the highest was $160.1000, and the average price was $158.5597. The company intends to cancel the purchased shares, leaving 148,612,282 ordinary shares in issue excluding 5,431,782 held in treasury. The buyback was conducted under authority granted at the Annual General Meeting on 8 May 2025 and pursuant to instructions issued on 17 February 2026.

InterContinental Hotels Group purchased 40,000 of its own ordinary shares on 1 July 2026 through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from $167.10 to $171.05, with an average price of $168.7425. The company intends to cancel the purchased shares, leaving 148,933,971 ordinary shares in issue, excluding 5,431,782 held in treasury. The buyback was conducted under the authority granted at the 2025 Annual General Meeting and follows instructions issued in February 2026.