IHG clarifies on their present engagements in Russia

(Posted 08th April 2022)

IHG statement on Russia

We continue to be deeply saddened by the humanitarian crisis as a result of the war in Ukraine. We have previously announced the suspension of future investments, development activity and new hotel openings in Russia. We do not intend to resume any investment or development activity in the foreseeable future. We also closed our corporate office in Moscow while continuing to support our colleagues. These steps followed significant donations to our humanitarian charity partners and a commitment to work with hotel owners in other countries to shelter refugees.?

IHG-branded hotels in Russia operate under complex long-term management or franchise agreements with independent third-party companies that own the hotels. Given the increasing challenges of operating in Russia we continue to evaluate these contracts and are in discussions with owners, but this is a complicated process and will take some time.

We continue to do all we can to support our teams in the hotels in Ukraine and Russia who are impacted by this situation and we will donate profits from Russia to support relief efforts.

Your comments are welcome and will receive a response in due course.

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