SECURITIES AND EXCHANGE COMMISSION

Washington DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For 30 May, 2008

InterContinental Hotels Group PLC
(Registrant's name)

67 Alma Road, Windsor, Berkshire, SL4 3HD, England
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F           Form 40-F

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes           No

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable


EXHIBIT INDEX

Exhibit Number   Exhibit Description

99.1
 
US DOLLAR REPORTING dated 30 May 2008
 
 

 


99.1

30 May 2008

IHG ANNOUNCES CHANGE OF REPORTING CURRENCY TO US DOLLARS

InterContinental Hotels Group
 PLC
 ("IHG") intends to
 change the
 reporting currency
 of its Group
 accounts
 from sterling to US dollars, 
reflecting the profile of revenue and operating profit, which are now primarily generated 
in US dollars or 
US dollar-
linked currencies
.

The change will be effective from the results for the six months to 30 June 2008 which will be reported
 on 12 August
 2008
 in US dollars
 
All comparatives will be restated in US dollars.

As a consequence of this change, f
uture dividends will be 
determined
 in US dollars. 
 
Sterling dividends, translated at the prevailing exchange rate when the dividend is declared, will continue to b
e paid to all shareholders who currently receive a sterling dividend.
  Dollar dividends will continue to be paid to ADR holders who currently receive a dollar dividend. 

IHG, which is registered and has its headquarters in 
England
, will maintain its primary listing on the London Stock Exchange, with the shares quoted in sterling. 
 
It will also maintain its ADR listing on the New York Stock Exchange, with the American Depositary Receipts quoted in US dollars. 

Unaudited pro forma 
full year
 Group
 income statement, balance sheets and cashflows for the financial years ending 31 December 2006 and 31 December 2007
 have been restated in US dollars and
 are presented below 
and, together with t
he
 
restated 
unaudited proforma Group
 quarterly 
income statements, balance she
ets and cashflows 
for the first quarter ending 31 March 2008
are 
available to download at
 
www.ihg.com/investors
.
  

For further information, please contact:

Investor Relations (Heather Wood; Catherine Dolton): 
 +44 (0) 1753 410 176
Media Affairs (L
eslie McGibbon)
+44 (0) 1753 410 425 

+44 (0) 7808 094 471



Notes to Editors:
 
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is one of the world's largest hotel groups by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, almost 4,000 hotels and more than 5
90
,000 guest rooms in nearly 100 countries and territories around the world
.
  The Group owns a portfolio of well recognised and respected hotel brands including InterContinental
®
 Hotels & Resorts, Crowne Plaza
®
 Hotels & Resorts, Holiday Inn
®
 Hotels and Resorts, Holiday Inn Express
®
, Staybridge Suites
®
, Candlewood Suites
®
 and Hotel Indigo
®
, and also manages 
the world's largest hotel loyalty programme, Priority Club
® 
Rewards 
with over 37 million members worldwide.

IHG pioneered the travel industry's first collaborative response to environmental issues as
 founder of the International Hotels and Environment Initiative (IHEI). The environment 
and
 local communities remain at the heart of IHG's global corpor
ate responsibility focus. IHG is 
the first major hotel group to
 have measured the
 environmental and carbon footprints
 of hotels that operate under our brands globally and is in 
the process of setting reduction targets. 

With more than 1,600 hotels in its develop
ment pipeline, IHG needs to recruit
 around 150,000 people over the next few years to meet its global expansion plans.

InterConti
nental Hotels Group PLC is the G
roup's holding company and is incorporated in 
Great Britain
 and registered in 
England
 and 
Wales
.

IHG offers information and online reservations for all its hotel brands at 
www.ihg.com
 and information for the Priority Club Rewards programme at 
www.priorityclub.com
. For the latest news from IHG, visit our online Press Office at 
www.ihg.com/media
 
 
InterContinental Hotels Group PLC
GROUP INCOME STATEMENT



12
 months ended 31 
December
 
2007
12
 months ended 31 
December
 
2006

Before
exceptional
 items

Exceptional
items


Total
Before
exceptional
items

Exceptional
items


Total

$
m
$
m
$
m
$
m
$
m
$
m
Continuing operations













Revenue
 
1,771
-
1,771
1,446
-
1,446
Cost of sales
(825)
-
(825)
(653)
-
(653)
Administrative expenses
(377)
(14)
(391)
(331)
-
(331)
Other operating income and expenses
16
76
92
7
48
55

____
____
____
____
____
____

585
62
647
469
48
517
Depreciation and amortisation
(111)
(2)
(113)
(102)
-
(102)

_____
_____
____
_____
_____
____







Operating profit 
474
60
534
367
48
415
Financial income
18
-
18
48
-
48
Financial expenses
(108)
-
(108)
(68)
-
(68)

____
____
____
____
____
____







Profit before tax
384
60
444
347
48
395







Tax 
(84)
60
(24)
(76)
173
97

____
____
____
____
____
____







Profit for the period from continuing operations

300

120

420

271

221

492







Profit for the period from discontinued operations 

11

32

43

36

226

262

____
____
____
____
____
____
Profit for the period attributable to the equity holders of the parent

311

152

463

307

447

754

====
====
====
====
====
====
Earnings per ordinary share






Continuing operations:







Basic


131.3


126.5

Diluted


127.7


123.3

Adjusted
93.8


69.7


Total operations:







Basic


144.7


193.8

Diluted


140.7


189.0

Adjusted
97.2


78.9



====

====
====

====



 
 
InterContinental Hotels Group PLC
GROUP CASH FLOW STATEMENT




2007
12
 months
ended 31 
December
2006
 12
 months
ended 31 
December

$m
$
m



Profit for the period
463
754
Adjustments for:



Net financial expenses
90
20

Income tax charge
/(credit)
30
(76)

Gain on disposal of assets, net of tax
(32)
(226)

Exceptional operating items before depreciation
(62)
(48)

Depreciation and amortisation
116
118

Equity settled share-based cost, net of payments
48
26

Other non-cash items
(4)
-

_____
_____
Operating cash flow before movements in working capital
649
568
Increase 
in trade and other receivables
(30)
(57)
Increase in trade and other payables
52
18
Retirement benefit contributions, net of charge
(66)
-

_____
_____
Cash flow from operations 
605
529
Interest paid
(84)
(61)
Interest received
18
44
Tax paid
 on operating activities
(74)
(79)

_____
_____
Net cash from operating activities
465
433

_____
_____
Cash flow from investing activities


Purchases of proper
ty, plant and equipment 
(114)
(160)
Purchase of intangible assets
(40)
(42)
Purchases of associates and
 other financial assets 
(32)
(15)
Acquisition of subsidiary, net of cash acquired
-
(11)
Disposal of assets, n
et of costs and cash disposed of
97
1,140
Proceeds from
 associates and other financial assets 
114
228
Tax paid on disposals
(64)
(11)

_____
_____
Net cash from investing activities
(39)
1,129

_____
_____
Cash flow from financing activities


Proceeds from the issue of share capital
32
37
Purchase of own shares
(162)
(478)
Purchase of own shares by employee share trusts
(138)
(86)
Proceeds on release of own shares by employee share trusts
21
35
Dividends paid to shareholders
(1,524)
(1,031)
Dividends paid to minority interests
-
(2)
Increase/(decrease) in borrowings
1,108
(316)

_____
_____
Net cash from financing activities
(663)
(1,841)

_____
_____



Net movement in cash and cash equivalents in the 
year
(237)
(279)
Cash and cash equivalents at beginning of the 
year
351
559
Exchange rate effects
(9)
71

_____
_____
Cash and cash equivalents at end of the 
year
105
351

=====
=====



 
 
InterContinental Hotels Group PLC
GROUP BALANCE SHEET



2007
31 
December
2006
31 December

$
m
$
m
ASSETS


Property, plant and equipment
1,934
1,956
Goodwill
221
214
I
ntangible assets
335
302
Investment in associates
65
63
Retirement benefit assets
65
-
Other financial assets
188
188

_____
_____
Total non-current assets
2,808
2,723

_____
_____
Inventories
6
6
Trade and other receivables
472
465
Current tax receivable
109
45
Cash and cash equivalents
105
351
Other financial assets
18
25

_____
_____
Total current assets
710
892



Non-current assets classified as held for sale
115
98

______
______
Total assets
3,633
3,713

=====
=====
LIABILITIES


Loans and other borrowings 
(16)
(20)
Trade and other payables
(784)
(788)
Current tax payable
(426)
(453)

_____
_____
Total current liabilities
(1,226)
(1,261)

_____
_____
Loans and other borrowings
(1,748)
(594)
Retirement benefit obligations
(111)
(139)
Trade and other payables
(279)
(214)
Deferred tax payable
(165)
(155)

_____
_____
Total non-current liabilities
(2,303)
(1,102)



Liabilities classified as held for sale
(6)
(4)

_____
_____
Total liabilities
(3,535)
(2,367)

=====
=====
Net assets 
98
1,346

=====
=====
EQUITY


Equity share capital
163
129
Capital redemption reserve
10
8
Shares held by employee share trusts
(83)
(33)
Other reserves
(2,918)
(2,914)
Unrealised gains and losses reserve
38
53
Currency translation reserve
233
209
Retained earnings
2,649
3,878

______
______
IHG shareholders' equity
 
92
1,330
Minority equity interest
6
16

______
______
Total equity 
98
1,346

=====
=====





1
.
Revenue





2007
12
 months
ended 31 
December
2006
12
 months
ended 31 
December


$
m
$
m


Continuing operations




Americas
  (note 3
)
902
778


EMEA (note 4
)
492
363


Asia
 Pacific (note 5
260
204


Central
117
101



____
____


1,771
1,446






Discontinued operations
 
79
319


____
____


1,850
1,765


====
====












2
.
Operating profit 


2007
12
 months
ended 31 
December
2006
12
 months
ended 31 
December


$
m
$
m


Continuing operations




Americas
 (note 3
)
440
395


EMEA (note 4
)
134
69


Asia Pacific (note 5
)
63
52


Central
(163)
(149)


____
____


474
367


Exceptional operating items 
60
48


____
___


534
415


Discontinued operations  
17
57


____
___


551
472


====
===




 
 

3
.
Americas


2007
12
 months
ended 31 
December
2006
12
 months
ended 31 
December


$m
$m

Revenue




Owned & leased
257
192


Managed
156
143


Franchised
489
443


____
____

Continuing operations
902
778

Discontinued operations - Owned & leased
62
74


____
____

Total 
964
852


====
====





Operating profit




Owned & leased
40
22


Managed
41
50


Franchised
425
382


Regional overheads
(66)
(59)


____
____

Continuing operations
440
395

Discontinued operations - Owned & leased
16
12


____
____

Total 
456
407


====
====





4.
EMEA


2007
12
 months
ended 31 
December
2006
12
 months
ended 31 
December


$
m
$
m

Revenue




Owned & leased
244
169


Managed
167
131


Franchised
81
63


____
____

Continuing operations
492
363

Discontinued operations - Owned & leased
17
245


____
____

Total 
509
608


====
====

Operating profit




Owned & leased
33
(7)


Managed
87
68


Franchised
58
44


Regional overheads
(44)
(36)


____
____

Continuing operations
134
69

Discontinued operations - Owned & leased
1
45


____
____

Total 
135
114


====
====



 
 

5
.
Asia
 Pacific


2007
12
 months
ended 31 
December
2006
12
 months
ended 31 
December


$m
$m

Revenue




Owned & leased
145
131


Managed
99
65


Franchised
16
8


____
____

Total 
260
204


====
====

Operating profit




Owned & leased
36
31


Managed
46
39


Franchised
6
5


Regional overheads
(25)
(23)


____
____

Total 
63
52


====
====





All results relate to continuing operations.







6
.
Exchange rates


The results of overseas operations have been translated into 
US dollars
 at the weighted average rates of exchange for the period. In the case of 
sterling
, the translation rate 
is $1= £0.50
 (
2006
 
$1 = £0.54
). In the case of the euro, the translation rate
 is
 
$
1 = €
0.73
 (
2006
 
$1 = €0.80
).

Foreign currency denominated assets and liabilities have been translated into 
US dollars
 at the rates of exchange on the 
balance sheet date
. In the case of 
sterling, the translation rate is $1=£0.50
 (
2006
 
$1 = £0.51)
. In the case of the euro, the
 translation rate is $1 = €0.68
 (
2006
 
$1 = €0.76
).




 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    InterContinental Hotels Group PLC
    (Registrant)
     
  By: /s/ C. Cox
  Name: C. COX
  Title: COMPANY SECRETARIAL OFFICER
     
  Date: 30 May 2008