InterContinental Hotels Group on Thursday said it plans to change the trading currency of its London-listed shares to U.S. dollars from British pounds, starting from January 2026.
The Holiday Inn owner, which has reported its financial results in U.S. dollars for 17 years, said the move will better align its share price with its financial performance and reduce the impact of currency fluctuations.
The change will not impact the nominal currency of the shares, which will remain in pounds, or its listings in London and New York, the company said.
The announcement came as IHG reported that global revenue per available room, a key industry metric, rose 0.1% in the third quarter, with a 2.8% increase in Europe, the Middle East, Africa and Asia offsetting a 0.9% decline in the Americas.
"We are pleased with our performance and the continued growth of our brands to date in 2025, and we remain on track to meet full year consensus profit and earnings expectations," said Chief Executive Officer Elie Maalouf.
The company also said it is on track to return over $1.1 billion to shareholders in 2025 through dividends and share buybacks.