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.
