SHERIDAN, WYOMING – Feb. 20, 2025 – InterContinental Hotels Group (IHG Hotels & Resorts) today announced a 3% increase in global RevPAR for full-year 2024 compared to 2023, with a 4.6% year-over-year increase for the fourth quarter. The company also revealed its acquisition of the Ruby brand and related intellectual property from Ruby SARL for an initial purchase consideration of approximately $116 million.
Ruby Brand Acquisition