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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Holiday Inn-owner IHG CEO Barr will resign.

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IHG logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration IHG logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
IHG logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration IHG logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

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Holiday Inn owner IHG Plc (IHG.L) announced Friday that its Americas CEO Elie Maalouf would follow Keith Barr as CEO on June 30.

Barr, a 30-year IHG veteran, became group CEO in July 2017.

“He has rallied a business around a clear strategy with hotel owners and guests at its heart, strengthened IHG’s enterprise platform, and placed the business on a path to long-term sustainable growth and to continue an excellent track record of shareholder value creation,” Chair Deanna Oppenheimer said.

Hoteliers in Greater China are profiting from pent-up demand after a year of uneven Chinese demand recovery.

The Crowne Plaza, Regent, and Hualuxe owner also announced a 33% increase in first-quarter RevPAR, a critical indicator of hotel profitability.

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