Holiday Inn 2008 Annual Report Download - page 7

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6Business overview
6Market and competitive environment
7Operating model
7Business relationships
8Strategy
8Where we compete
9How we win
10 Group performance
10 Group results
10 Total gross revenues
11 Global hotel and room count
11 Global pipeline
12 The Americas
14 Europe, Middle East and Africa
16 Asia Pacific
17 Central
17 System funds
18 Other financial information
18 Exceptional operating items
18 Net financial expenses
18 Taxation
18 Earnings per share
18 Dividends
18 Share price and market capitalisation
18 Cash flow
19 Capital structure and liquidity management
19 Return of funds programme
20 Our people
20 Our employment offer
21 Room to be yourself
22 Diversity
22 External recognition
22 Economic conditions
22 Health and safety
23 Corporate responsibility
23 Our approach
23 Review of 2008
23 Code of Ethics
24 Priorities and achievements
25 Managing risk
25 Process and framework
25 Safety and security in hotels
25 Corporate risk management
26 2009 risk factors
Business review
In this section we present an overview
of our business, including the markets
in which we work, our operating
environment and our strategy. We
also describe the development and
performance of the business during
2008, employee and environmental
matters, and a description of the
risks and uncertainties impacting
the business.
The IHG brands and Business review 5
BUSINESS REVIEW