Analyst consensus

Consensus forecasts

The forecasts in consensus are based upon Visible Alpha^*, an independent consensus service, from a number of registered investment analysts as at the date above. As such, this is information that is available publicly. In addition to the up to 12 analysts within the Visible Alpha consensus, IHG adjusts to take account of a further 7 analysts that publish forecasts on IHG but which are not part of the Visible Alpha consensus. IHG also adjusts to remove any forecasts that it cannot reconcile from analyst models to its public disclosures and the metrics as defined above, and those that have not been updated in Visible Alpha or in published research since IHG’s last major reporting event, being the H1 Results Announcement on 7 August 2025.

Visible Alpha and investment analysts have had no access to IHG's internal budgets, forecasts or information which is not generally available. IHG has not commented on individual forecasts nor does it intend to do so in the future. IHG assumes no obligation to update or revise such information and nothing in this analysis should be taken as a recommendation to buy or sell shares in IHG or to take any other action or place any reliance on the analysis.

Neither IHG nor any of its subsidiary undertakings nor any director, officer or employee of IHG or any of its subsidiary undertakings accepts any responsibility for the accuracy or completeness of forecasts used in this analysis and therefore shall have no liability whatsoever for the consequences of any reliance or actions taken or not taken based on any of the information in this analysis.

Consensus is calculated by taking the simple average of the constituent analyst forecasts.

For further information regarding consensus forecasts please contact the IHG Investor Relations Team.

^*Disclaimer:

THE INFORMATION PROVIDED BY VISIBLE ALPHA CITED HEREIN PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTY OF ANY KIND. USE OF ANY VISIBLE ALPHA DATA IS AT YOUR OWN RISK AND VISIBLE ALPHA DISCLAIMS ANY LIABILITY FOR USE OF THE VISIBLE ALPHA DATA. ALTHOUGH THE INFORMATION IS OBTAINED OR COMPILED FROM RELAIABLE SOURCES VISIBLE NEITHER CAN NOR DOES GUARANTEE OR MAKE ANY REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO THE ACCURACY, VALIDITY, SEQUENCE, TIMELINESS, COMPLETENESS OR CONTINUED AVAILABILITY OF ANY INFORMATION OR DATA, INCLUDING THIRD-PARTY CONTENT, MADE AVAILABLE HEREIN. IN NO EVENT SHALL VISIBLE ALPHA BE LIABLE FOR ANY DECISION MADE OR ACTION OR INACTION TAKEN IN RELIANCE ON ANY INFORMATION OR DATA, INCLUDING THIRD-PARTY CONTENT. VISIBLE ALPHA FURTHER EXPLICITLY DISCLAIMS, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY WARRANTY OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

Analysts