Number of employees of the InterContinental Hotel Group 2023

The System Fund is defined by the source as follows: 

"IHG manages a System Fund for the benefit of hotels within the IHG system and their third-party owners, who pay contributions into it. This includes a marketing and reservation assessment and a loyalty assessment. The System Fund also benefits from proceeds from the sale of IHG One Rewards points under third-party co-branding arrangements. Given the significant scale of the System Fund, IHG can make substantial investments in marketing brands, creating a leading loyalty program and powerful technology, including revenue management systems, thereby strengthening the IHG enterprise. The System Fund is not managed to a profit or loss for IHG over the longer term, but for the benefit of hotels in the IHG system, and comprises:

• Assessments and contributions paid by hotels.

 • Revenue recognized on consumption of IHG One Rewards loyalty points."