IHG HOTELS LIMITED
Company Information
- Company Number
- 03130330
- Registered Address
- 1 Windsor Dials, Arthur Road, Windsor, Berkshire, England, SL4 1RS
- Status
- Active
- Employee Count
- 456.0
- Turnover
- 229892000.0
- EBITDA
- 41138000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 November 1995
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Travel And Transportation
- Region
- South East
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 24 | 79% | 14% | 8% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 23 | 80% | 13% | 6% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 22 | 81% | 11% | 8% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 23 | 82% | 13% | 6% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 22 | 82% | 11% | 7% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 41 | 71% | 13% | 16% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 30 | 72% | 14% | 14% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 29 | 68% | 25% | 7% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 25 | 76% | 19% | 5% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 20 | 80% | 19% | 1% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 27 | 66% | 29% | 5% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 29 | 50% | 48% | 2% | 29% |
Company Summary
IHG HOTELS LIMITED is a leading global hospitality company, operating over 5,900 hotels in nearly 100 countries
The company offers a wide range of brands, including InterContinental Hotels & Resorts, Holiday Inn, Crowne Plaza, and Kimpton Hotels & Restaurants
In addition to providing exceptional accommodation and dining experiences, IHG is committed to sustainability and responsible business practices
The company has a robust sustainability program in place, which includes initiatives to reduce energy and water consumption, minimize waste, and promote responsible sourcing
Some of IHG's sustainability achievements include reducing carbon emissions by 23% since 2005, diverting over 70% of hotel waste from landfills, and implementing sustainable sourcing practices for its food and beverage offerings
The company's portfolio of products and services caters to diverse needs and preferences, ranging from luxury to midscale and budget hotels
IHG is also known for its loyalty program, IHG Rewards Club, which has over 100 million members worldwide and offers exclusive benefits and rewards to its members
The key people at IHG HOTELS LIMITED include Keith Barr, the Chief Executive Officer, and Elie Maalouf, the Chief Executive Officer for the Americas region
The company's registered office address is at Broadwater Park, Denham, Buckinghamshire, UB9 5HR, United Kingdom
For more information on IHG HOTELS LIMITED, including its sustainability efforts, products and services, and contact information, please visit their website at www.ihg.com
Company Review
Trend Analysis
The average time taken for IHG HOTELS LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with the longest time being in 2018-2019 and the shortest time in 2020-2021. However, there has been an overall increase in the average time taken to pay invoices since 2018.
Volatility Analysis
The volatility of IHG HOTELS LIMITED's payment patterns can be seen in the significant changes in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The highest volatility can be seen in the percentage of invoices paid later than 60 days, which has ranged from 1% to 16% over the past three periods.
Summary Analysis
Looking at the data for IHG HOTELS LIMITED over the past three periods, there has been a decrease in the average time taken to pay invoices from 29 days in 2018-2019 to 22 days in 2022-2023. However, there has also been an increase in the percentage of invoices not paid within agreed terms, from 10% in 2018-2019 to 16% in 2020-2021.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Template contractual payment terms are to pay invoices at the end of the next month following date of receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
Disputes referred to senior member of Procurement team in the first instance then escalated as relevant / necessary, up to the Chief Procurement Officer then the Chief Financial Officer.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available