Response to OFT Statement

RNS Number : 8835I

InterContinental Hotels Group PLC

31 July 2012

 



31 July 2012

INTERCONTINENTAL HOTELS GROUP PLC

RESPONSE TO OFT STATEMENT

31 JULY 2012 - InterContinental Hotels Group PLC (IHG) [LON:IHG, NYSE:IHG (ADRs)] notes that the Office of Fair Trading (OFT) has today issued a Statement of Objections detailing its preliminary findings from its investigation into the hotel online booking sector.  

IHG considers its arrangements with the online booking agents to be compliant with competition laws and consistent with the long-standing approach of the global hotel industry. IHG is cooperating fully with the OFT's investigation, which commenced in 2010.

The Statement of Objections is the OFT's provisional findings only. All parties will now have the opportunity to respond to the statement before the OFT decides if competition law has in fact been infringed.

- ENDS -

For further information:

For Investor Relations enquiries Catherine Dolton, Isabel Green:	[phone]
For Media enquiries Yasmin Diamond, Kari Kerr:	[phone]

NOTES FOR EDITORS:

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with nine hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, as well as our two newest brands, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 65 million members worldwide.

IHG franchises, leases, manages or owns over 4,500 hotels and more than 661,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.priorityclub.comfor more on Priority Club Rewards. For our latest news, visit www.ihgplc.com/media,www.twitter.com/ihgplc, www.facebook.com/ihg or www.youtube.com/ihgplc.

 

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