IHG Has Bought Back $4.4 Billion of Itself Since 2022. Owners Still Can't Get a Timely PIP Waiver.
IHG just dropped another $6.7 million on its own shares in a single day, part of a $950 million program that will push cumulative buybacks past $4 billion since 2022. The capital allocation math tells you exactly where the franchisor's priorities sit... and it's not on your side of the management agreement.