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80% of World Cup Host City Hotels Are Below Forecast. The Rate Strategy Made It Worse. IHG Has Spent $3.9 Billion Buying Back Its Own Stock Since 2022. That's Capital That Didn't Build Hotels. Barry Diller Wants to Take MGM Private at $48.30. The Stock Says He's Lowballing. Curator Just Handed 120 Independents an Enterprise Tech Stack. Most Won't Use Half of It. Gas Prices Dipped. You've Got Maybe Three Weeks Before the Window Closes. Your Housekeepers Got a Raise This Year. They Still Took a Pay Cut. 4.2% Inflation on a 3.4% Wage Budget. Your Margin Is Shrinking in Three Places at Once. 80% of World Cup Host City Hotels Are Below Forecast. The Rate Strategy Made It Worse. IHG Has Spent $3.9 Billion Buying Back Its Own Stock Since 2022. That's Capital That Didn't Build Hotels. Barry Diller Wants to Take MGM Private at $48.30. The Stock Says He's Lowballing. Curator Just Handed 120 Independents an Enterprise Tech Stack. Most Won't Use Half of It. Gas Prices Dipped. You've Got Maybe Three Weeks Before the Window Closes. Your Housekeepers Got a Raise This Year. They Still Took a Pay Cut. 4.2% Inflation on a 3.4% Wage Budget. Your Margin Is Shrinking in Three Places at Once.

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Management and franchise fees

1 story · First covered Jun 1, 2026 · Latest Jun 1

Management and franchise fees Coverage

IHG Has Spent $240M Buying Back Its Own Stock This Year. That's Not a Dividend.

REITs Primary

Jun 1

IHG Has Spent $240M Buying Back Its Own Stock This Year. That's Not a Dividend.

IHG is cancelling another 40,000 shares as part of a $950 million buyback program, its fifth consecutive year of escalating repurchases. The question asset managers should be asking isn't whether this returns capital... it's what capital isn't going somewhere else.

JC

Jordan Chen 2 min read · Jun 1