Fri. May 24th, 2024

InterContinental Hotels Group (IHG) and Hyatt Hotels Corporation are two of the biggest names in the hospitality industry, with a presence in almost every corner of the globe. However, there has been some confusion about the relationship between these two companies, with some people wondering whether InterContinental is a subsidiary of Hyatt. In this article, we will explore the facts behind this question and provide a clear answer to this frequently asked question.

Quick Answer:
No, InterContinental is not a subsidiary of Hyatt. InterContinental Hotels Group (IHG) is a multinational hotel company with a global portfolio of over 5,600 hotels and 819,000 rooms in over 100 countries. It has a number of well-known hotel brands, including InterContinental, Holiday Inn, and Crowne Plaza. Hyatt Hotels Corporation, on the other hand, is another multinational hotel company with a global portfolio of over 900 hotels and 211,000 rooms in 67 countries. Its hotel brands include Hyatt, Park Hyatt, Andaz, and Miraval. While both companies may have some overlapping areas of business, such as operating hotels in certain cities, they operate independently of each other and are not subsidiaries of the other.

History of InterContinental Hotels Group

Founding and Early Expansion

In 1946, the first InterContinental hotel was established in Cairo, Egypt. This marked the beginning of the InterContinental Hotels Group (IHG), which was later formed as a result of a merger between the InterContinental Hotels Corporation and the Pan American World Airways’ hotel division.

After its founding, IHG rapidly expanded its presence in Europe and the Americas. The company opened several more hotels in the United States, including the iconic InterContinental Mark Hopkins hotel in San Francisco, California. In Europe, IHG continued to grow its portfolio of luxury hotels, including the InterContinental Carlton Cannes in France and the InterContinental de la Place Wagram in Paris.

IHG’s early success was due in part to its strategic partnerships with major airlines and travel companies. These partnerships allowed IHG to reach a wider audience of travelers and to establish itself as a leader in the luxury hotel industry.

Despite the challenges posed by the global economic climate in the decades following its founding, IHG continued to expand and evolve. Today, the company boasts a global portfolio of over 5,000 hotels, including brands such as InterContinental, Crowne Plaza, and Holiday Inn.

Acquisitions and Mergers

InterContinental Hotels Group (IHG) has a long history of growth through acquisitions and mergers. One of the most significant acquisitions was the purchase of Holiday Inn in 1988. This acquisition transformed IHG into one of the world’s largest hotel chains overnight, and it provided the company with a strong brand portfolio and a global presence.

Another major event in IHG’s history was the merger with Six Continents Hotels in 2003. This merger created a new company, IHG, which became one of the largest hotel groups in the world. The merger combined the strengths of both companies, and it resulted in a broader portfolio of brands, including the InterContinental, Holiday Inn, and Crowne Plaza brands.

The acquisition of Six Continents Hotels also gave IHG a significant presence in the luxury hotel market, with the addition of the InterContinental brand. The InterContinental brand was founded in 1946, and it has since become one of the most recognizable and respected hotel brands in the world. The addition of the InterContinental brand to the IHG portfolio helped to establish the company as a leader in the luxury hotel market.

In summary, IHG’s growth through acquisitions and mergers has played a significant role in the company’s success. The acquisition of Holiday Inn in 1988 and the merger with Six Continents Hotels in 2003 helped to establish IHG as one of the largest hotel groups in the world, with a broad portfolio of brands and a strong presence in the luxury hotel market.

IPO and Current Status

  • InterContinental Hotels Group went public in 2004, offering shares to the public for the first time.
  • At the time of its initial public offering (IPO), InterContinental Hotels Group was already a well-established player in the hospitality industry, with a portfolio of over 3,500 hotels in more than 60 countries.
  • The IPO was seen as a significant milestone for the company, as it allowed InterContinental Hotels Group to raise capital to fund its growth and expansion plans.
  • Following the IPO, InterContinental Hotels Group was listed on the London Stock Exchange and the New York Stock Exchange.
  • Today, InterContinental Hotels Group is headquartered in Denham, United Kingdom, and continues to operate a global portfolio of hotels under its various brands, including InterContinental, Holiday Inn, and Crowne Plaza.

History of Hyatt Hotels Corporation

Key takeaway: InterContinental Hotels Group (IHG) and Hyatt Hotels Corporation are two major players in the global hotel industry. IHG, founded in 19946, expanded rapidly through acquisitions and mergers, including the acquisition of Holiday Inn in 1988 and the merger with Six Continents Hotels in 2003. Hyatt Hotels Corporation, founded in 1957 with the acquisition of the first Hyatt hotel in Los Angeles, also pursued growth through acquisitions and mergers, such as the acquisition of Hyatt Legacy Properties in 2004 and the merger with Citi’s Hotel and Resort Division in 2008. Both companies have a significant global presence, with IHG having over 5,600 hotels in more than 100 countries and Hyatt with over 1,100 hotels in 60 countries. Their diverse brand portfolios cater to various market segments, offering distinct experiences and amenities. As of September 2021, InterContinental Hotels Group is headquartered in Denham, United Kingdom, while Hyatt Hotels Corporation is headquartered in Chicago, Illinois.
  • Founding of the first Hyatt hotel in Los Angeles
    In 1957, Jay Pritzker, a prominent businessman and investor, acquired the first Hyatt hotel in Los Angeles. The hotel was originally built in 1927 as the Los Angeles Hotel, and it was rebranded as the Hyatt House after Pritzker took over. This acquisition marked the beginning of the Hyatt Hotels Corporation as we know it today.
  • Expansion into the United States and abroad
    After the successful acquisition of the first Hyatt hotel, Jay Pritzker continued to expand the Hyatt brand across the United States. The company focused on acquiring existing hotels and rebranding them as Hyatt properties. This strategy allowed the company to establish a strong presence in the hotel industry, particularly in major cities like Chicago, New York, and San Francisco.

In addition to expanding within the United States, Hyatt also began to expand internationally. The company’s first international property was the Hyatt Regency Hong Kong, which opened in 1980. This marked the beginning of Hyatt’s international expansion, which would continue over the next several decades as the company established a global presence.

Today, Hyatt Hotels Corporation is a multinational hospitality company with over 800 properties across more than 60 countries. Its portfolio includes a range of brands, from luxury properties like Park Hyatt and Andaz to more affordable options like Hyatt Place and Hyatt House. Despite its growth and expansion over the years, the company remains committed to its founding principles of providing high-quality, customer-focused hospitality services.

In its pursuit of growth and expansion, Hyatt Hotels Corporation has been involved in several acquisitions and mergers over the years. These strategic moves have enabled the company to broaden its portfolio, strengthen its market position, and enhance its global reach. Below are some notable acquisitions and mergers in Hyatt’s history:

  • Acquisition of Hyatt Legacy Properties in 2004: This significant acquisition saw Hyatt Hotels Corporation acquiring a portfolio of 25 upscale and full-service hotels from Hyatt Legacy Properties. These properties were primarily located in the United States and included well-known brands such as Hyatt Regency, Hyatt Plaza, and Park Hyatt. This deal not only expanded Hyatt’s domestic footprint but also allowed the company to gain valuable experience in managing select-service hotels.
  • Merger with Citi’s Hotel and Resort Division in 2008: In a move to further expand its global presence, Hyatt Hotels Corporation merged with Citi’s Hotel and Resort Division. This strategic merger resulted in the addition of 21 high-end hotels and resorts to Hyatt’s portfolio, significantly enhancing its luxury offerings. The acquired properties were located in key markets such as New York City, Boston, and San Francisco in the United States, as well as in London, England. This merger not only strengthened Hyatt’s brand presence but also provided the company with valuable international exposure.

By engaging in these acquisitions and mergers, Hyatt Hotels Corporation has been able to build a diverse and robust portfolio of hotels and resorts. These strategic moves have enabled the company to establish a strong market position and increase its global reach, making it a formidable player in the hospitality industry.

  • Hyatt Hotels Corporation went public in 2009, offering 46.2 million shares of its common stock at $22 per share.
  • The initial public offering (IPO) raised approximately $1 billion for the company, which was used to pay down debt and fund future growth initiatives.
  • As of September 2021, Hyatt Hotels Corporation has a market capitalization of over $13 billion and is listed on the New York Stock Exchange under the ticker symbol H.
  • Hyatt Hotels Corporation is headquartered in Chicago, Illinois, and has a global portfolio of over 900 hotels and 220,000 rooms in more than 60 countries.
  • In recent years, Hyatt has expanded its portfolio through a combination of organic growth and strategic acquisitions, including the acquisition of Two Roads Hospitality in 2018 and the acquisition of the Playa Hotels & Resorts portfolio in 2021.
  • Today, Hyatt Hotels Corporation is one of the largest hotel companies in the world, with a strong brand portfolio that includes brands such as Hyatt, Park Hyatt, Andaz, and Miraval.

Comparing the Two Hotel Chains

Global Presence

InterContinental Hotels Group and Hyatt Hotels Corporation are two major players in the global hotel industry. Both companies have a significant presence in various countries around the world. However, there are some differences in the scale of their operations.

InterContinental Hotels Group

InterContinental Hotels Group (IHG) is a multinational company headquartered in Denham, United Kingdom. It operates a diverse portfolio of hotel brands, including luxury, mid-scale, and budget hotels. As of 2021, IHG has over 5,600 hotels in more than 100 countries, making it one of the largest hotel chains in the world. Its global footprint is particularly strong in Europe, where it has a presence in almost every country. In addition, IHG has a significant presence in Asia, with over 1,800 hotels in the region.

Hyatt Hotels Corporation

Hyatt Hotels Corporation is an American multinational company headquartered in Chicago, Illinois. It operates a range of hotel brands, including luxury, upscale, and select-service hotels. As of 2021, Hyatt has over 1,100 hotels in 60 countries. While Hyatt’s global presence is less extensive than IHG’s, it has a strong footprint in North America, with over 500 hotels in the United States alone. Hyatt also has a significant presence in Asia, with over 200 hotels in the region.

Overall, both InterContinental Hotels Group and Hyatt Hotels Corporation have a significant global presence, with a wide range of hotels in various countries around the world. However, IHG has a slightly more extensive global footprint, with a greater number of hotels in more countries.

Brand Portfolio

When comparing the brand portfolios of InterContinental Hotels Group and Hyatt Hotels Corporation, it is evident that both companies operate a diverse range of brands, each with its own unique characteristics and offerings.

InterContinental Hotels Group (IHG) boasts a comprehensive portfolio of brands, with over 5,600 hotels across nearly 100 countries. Their portfolio includes a variety of brands, such as:

  • InterContinental: IHG’s flagship brand, InterContinental Hotels & Resorts, is renowned for its luxury offerings and has a presence in major cities worldwide.
  • Crowne Plaza: A well-established brand in the upscale hotel segment, Crowne Plaza offers business-friendly amenities and convenient locations for both leisure and corporate travelers.
  • Holiday Inn: One of the most recognized hotel brands globally, Holiday Inn offers comfortable accommodations at an affordable price, making it popular among families and budget-conscious travelers.

Hyatt Hotels Corporation also operates a diverse range of brands, catering to various market segments. Some of their prominent brands include:

  • Hyatt: The primary brand of Hyatt Hotels Corporation, Hyatt Hotels, offers a blend of luxury and comfort, providing a unique experience for each guest.
  • Park Hyatt: A luxury brand, Park Hyatt, is known for its upscale accommodations and exceptional service, catering to discerning travelers seeking a luxurious experience.
  • Andaz: Andaz is a lifestyle brand that offers a unique, contemporary experience, with each property reflecting its local culture and environment.

In conclusion, both InterContinental Hotels Group and Hyatt Hotels Corporation possess extensive brand portfolios, encompassing a range of hotel brands that cater to different market segments. Each company’s portfolio offers distinct experiences and amenities, reflecting their commitment to meeting the diverse needs of their guests.

Ownership Structure

  • InterContinental Hotels Group is a publicly traded company listed on the London Stock Exchange. This means that the company’s shares are publicly traded on the stock exchange, and anyone can buy and sell shares in the company. This gives investors the opportunity to own a piece of the company and share in its profits. The company’s ownership structure also includes a mix of institutional and individual shareholders.
  • Hyatt Hotels Corporation is a publicly traded company listed on the New York Stock Exchange. Like InterContinental Hotels Group, Hyatt Hotels Corporation is also a publicly traded company, which means that its shares are publicly traded on the stock exchange. This provides investors with the opportunity to own a piece of the company and share in its profits. The company’s ownership structure also includes a mix of institutional and individual shareholders.

In summary, both InterContinental Hotels Group and Hyatt Hotels Corporation are publicly traded companies listed on different stock exchanges. They have a mix of institutional and individual shareholders, giving investors the opportunity to own a piece of the company and share in its profits.

FAQs

1. What is InterContinental Hotels Group (IHG)?

InterContinental Hotels Group (IHG) is a multinational hotel company that operates a global portfolio of seven hotel brands, including InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, and Hualuxe. IHG has over 5,600 hotels in nearly 100 countries worldwide, and it is one of the largest hotel companies in the world.

2. What is Hyatt Hotels Corporation?

Hyatt Hotels Corporation is a global hospitality company that operates a portfolio of 12 brands, including Park Hyatt, Miraval, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place, and Hyatt House. Hyatt has over 900 hotels in more than 60 countries worldwide, and it is one of the largest hotel companies in the world.

3. Is InterContinental a subsidiary of Hyatt?

No, InterContinental Hotels Group (IHG) is not a subsidiary of Hyatt Hotels Corporation. While both companies operate hotel brands and have a presence in many of the same markets, they are separate and independent companies with their own management teams, shareholders, and business strategies.

4. How are InterContinental and Hyatt related?

InterContinental and Hyatt are both major players in the global hotel industry, but they operate independently of each other and are not affiliated. However, both companies may have some overlap in terms of customers, suppliers, and partners, as they both operate hotels in many of the same markets around the world.

5. What are some differences between InterContinental and Hyatt?

While both InterContinental and Hyatt are major hotel companies, there are some differences between them. For example, InterContinental has a larger global footprint, with over 5,600 hotels in nearly 100 countries, while Hyatt has over 900 hotels in more than 60 countries. Additionally, InterContinental operates a wider range of hotel brands, including luxury, business, and leisure brands, while Hyatt has a more focused portfolio of upscale and luxury brands.

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