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Ihg for 2013 Budget Analysis

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Annual Report and Form 20-F 2013

InterContinental Davos, Switzerland

1777
It all began in 1777 when William Bass opened a brewery in Burton-on-Trent in the UK. Bass made its move into the hotel industry in 1988, buying Holiday Inn International. By 2003 the business had changed from domestic brewer to international hospitality retailer: InterContinental Hotels Group PLC.

1946
InterContinental® Hotels & Resorts
In April 1946 Juan Trippe, the founder of Pan American Airways, had a vision to bring high-quality hotel accommodation to the end of every Pan Am flight route. This led to the first InterContinental being opened in 1949, the Hotel Grande in Belém, Brazil. From here InterContinental Hotels & Resorts expanded steadily to become the world’s first truly international luxury hospitality brand. The brand’s ethos is to provide insightful, meaningful experiences that enhance our guests’ feeling that they are in a global club. Bass acquired the InterContinental brand in 1998, adding it to our brand portfolio.

Front cover Crowne Plaza Resort, Xishuangbanna, People's Republic of China

178 hotels; 60,103 rooms open 51 hotels in the pipeline

Contents

OVERVIEW STRATEGIC REPORT GOVERNANCE GROUP FINANCIAL STATEMENTS PARENT COMPANY FINANCIAL STATEMENTS

Overview: 2 The IHG story 4 Chairman’s statement 6 Chief Executive Officer’s review Strategic Report: 10 Industry overview 12 Industry performance in 2013 14 IHG at a glance 16 Our business model 17 Our preferred brands 18 Our strategy for high-quality growth 20 Winning Model 28 Targeted Portfolio 30 Disciplined Execution 34 Risk management 38 Key performance indicators (KPIs) 40 Performance

Governance: 56 Chairman’s overview 57 Board of Directors biographies 60 Executive Committee biographies 61 Corporate Governance 66 Audit Committee Report 68 Corporate Responsibility Committee Report 69

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