XML 294 R22.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Property, plant and equipment | 12 Months Ended
--- | ---
Dec. 31, 2023
Text Block [Abstract] |
Property, plant and equipment | 13. Property, plant and equipment
|  |  |  |  | Land and buildings $m |  |  | Fixtures, fittings and equipment $m |  |  | Total $m |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 1 January 2022 |  |  |  |  |  |  | 105 |  |  |  | 299 |  |  |  | 404 |
Additions |  |  |  |  |  |  | 15 |  |  |  | 42 |  |  |  | 57 |
Fully depreciated assets written off |  |  |  |  |  |  | – |  |  |  | (30 | ) |  |  | (30 | )
Disposals |  |  |  |  |  |  | (7 | ) |  |  | (5 | ) |  |  | (12 | )
Exchange and other adjustments |  |  |  |  |  |  | (1 | ) |  |  | (14 | ) |  |  | (15 | )
At 31 December 2022 |  |  |  |  |  |  | 112 |  |  |  | 292 |  |  |  | 404 |
Additions |  |  |  |  |  |  | 1 |  |  |  | 20 |  |  |  | 21 |
Fully depreciated assets written off |  |  |  |  |  |  | – |  |  |  | (15 | ) |  |  | (15 | )
Disposals |  |  |  |  |  |  | (2 | ) |  |  | (3 | ) |  |  | (5 | )
Exchange and other adjustments |  |  |  |  |  |  | – |  |  |  | 6 |  |  |  | 6 |
At 31 December 2023 |  |  |  |  |  |  | 111 |  |  |  | 300 |  |  |  | 411 |
Depreciation and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 1 January 2022 |  |  |  |  |  |  | (53 | ) |  |  | (214 | ) |  |  | (267 | )
Provided |  |  |  |  |  |  | (3 | ) |  |  | (17 | ) |  |  | (20 | )
System Fund expense |  |  |  |  |  |  | – |  |  |  | (4 | ) |  |  | (4 | )
Impairment charge |  |  |  |  |  |  | – |  |  |  | (10 | ) |  |  | (10 | )
Impairment reversal |  |  |  |  |  |  | – |  |  |  | 3 |  |  |  | 3 |
Fully depreciated assets written off |  |  |  |  |  |  | – |  |  |  | 30 |  |  |  | 30 |
Disposals |  |  |  |  |  |  | 4 |  |  |  | 5 |  |  |  | 9 |
Exchange and other adjustments |  |  |  |  |  |  | 1 |  |  |  | 11 |  |  |  | 12 |
At 31 December 2022 |  |  |  |  |  |  | (51 | ) |  |  | (196 | ) |  |  | (247 | )
Provided |  |  |  |  |  |  | (6 | ) |  |  | (18 | ) |  |  | (24 | )
System Fund expense |  |  |  |  |  |  | – |  |  |  | (4 | ) |  |  | (4 | )
Fully depreciated assets written off |  |  |  |  |  |  | – |  |  |  | 15 |  |  |  | 15 |
Disposals |  |  |  |  |  |  | 2 |  |  |  | 3 |  |  |  | 5 |
Exchange and other adjustments |  |  |  |  |  |  | 1 |  |  |  | (4 | ) |  |  | (3 | )
At 31 December 2023 |  |  |  |  |  |  | (54 | ) |  |  | (204 | ) |  |  | (258 | )
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 31 December 2023 |  |  |  |  |  |  | 57 |  |  |  | 96 |  |  |  | 153 |
At 31 December 2022 |  |  |  |  |  |  | 61 |  |  |  | 96 |  |  |  | 157 |
At 1 January 2022 |  |  |  |  |  |  | 52 |  |  |  | 85 |  |  |  | 137 |
The Group’s property, plant and equipment mainly comprises buildings and leasehold improvements on 17 hotels (2022: 16 hotels), but also offices and computer hardware, throughout the world. Net book value by operating segment
|  |  |  |  | Americas $m |  |  |  |  |  | EMEAA $m |  |  |  |  |  | Greater China $m |  |  |  |  |  | Central $m |  |  |  |  |  | Total $m |
Land and buildings |  |  |  |  |  |  | 51 |  |  |  |  |  |  |  | 1 |  |  |  |  |  |  |  | – |  |  |  |  |  |  |  | 5 |  |  |  |  |  |  |  | 57 |
Fixtures, fittings and equipment |  |  |  |  |  |  | 31 |  |  |  |  |  |  |  | 4 |  |  |  |  |  |  |  | – |  |  |  |  |  |  |  | 61 |  |  |  |  |  |  |  | 96 |
|  |  |  |  |  |  | 82 |  |  |  |  |  |  |  | 5 |  |  |  |  |  |  |  | – |  |  |  |  |  |  |  | 66 |  |  |  |  |  |  |  | 153 |
Impairment and impairment reversals 2022 impairment An impairment charge of $10m was recognised in the year on property, plant and equipment relating to one hotel in the EMEAA region. A further $2m impairment of right-of-use assets was recognised in relation to the same hotel. The charge arose, and was classed as exceptional, due to recent cost inflation which is impacting operating costs but also the projected variable rent payments. The assets were measured at value in use, using a discounted cash flow approach based on the hotel’s five-year plan. Cash flows beyond the five-year period were extrapolated using a long-term growth rate which did not exceed the long-term average growth rate for the relevant country. Estimated future cash flows were discounted at a pre-tax rate of 9.6%. The recoverable amount was $nil. 2022 impairment reversal Impairment reversals of $3m were recognised in relation to the UK portfolio (EMEAA region) and arose as a result of the renegotiation of contractual agreements which enhanced the cash-generating potential of those hotels. The recoverable amount was measured at value in use, using a discounted cash flow forecast used to assess the new deal with rentals based on the agreed contractual terms. A pre-tax discount rate of 14.2% was applied. In both 2022 impairment tests, hotel specific plans were used which used the IHG UK RevPAR forecasts adjusted for factors specific to the individual property (such as revenue from food and beverage facilities and the impact of renovations on occupancy and rate).

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | ihg_TextBlockAbstract
Namespace Prefix: | ihg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration