7th Nov 2006 14:00
MasterCard Worldwide today announced that InterContinental HotelsGroup (LON: IHG, NYSE: IHG (ADRs)) (IHG), the world's largest hotelgroup by number of rooms, will participate in the MasterCard enhancedfolio data program. With the addition of the IHG properties,MasterCard corporate customers can now receive line item expense datafrom more than 11,000 hotels and resorts in the United States andCanada. £ The MasterCard enhanced folio data program allows hotel expensespaid with a MasterCard corporate card, including room, tax, meal,telephone, business center fees and other in-room charges, to beelectronically-delivered to the company's expense management systems.This allows corporations to streamline the employee expense reportingand accounts payable processes along with enabling better monitoringof spending to ensure corporate T&E policy compliance. £ Beginning in January of 2007 more than 2600 IHG properties in theUnited States will join the MasterCard enhanced folio data program.The IHG family of brands includes InterContinental(R) Hotels &Resorts, Crowne Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels andResorts, Holiday Inn Express(R), Staybridge Suites(R), CandlewoodSuites(R), and Hotel Indigo(R). £ "The agreement with IHG is an important step in our strategy tocreate a seamless global data infrastructure that supports ourexpanding corporate card offerings in North America and around theworld," said Gareth Forsey, group executive, U.S. CommerceDevelopment, MasterCard Worldwide. "The MasterCard enhanced folio dataprogram is the only one that provides corporations with high quality,detailed data allowing them to integrate expense reporting withexisting accounting systems and efficiently manage their corporatecard programs." £ "We are pleased to join the MasterCard enhanced folio program,which will allow us to provide our customers with more detailed andtimely data on hotel expenses - a significant component of anycompany's T & E spending," said Stephen Powell, Senior Vice PresidentWorldwide Sales, IHG. £ About MasterCard Worldwide £ MasterCard Worldwide advances global commerce by providing acritical economic link among financial institutions, businesses,cardholders and merchants worldwide. As a franchisor, processor andadvisor, MasterCard develops and markets payment solutions, processesclose to 14 billion payments each year, and provides industry-leadinganalysis and consulting services to financial institution customersand merchants. Through its family of brands, including MasterCard(R),Maestro(R) and Cirrus(R), MasterCard Worldwide serves consumers andbusinesses in more than 210 countries and territories. For moreinformation go to www.mastercardworldwide.com. £ About InterContinental Hotels Group £ InterContinental Hotels Group PLC of the United Kingdom (LON:IHG,NYSE:IHG (ADRs)) is the world's largest hotel group by number ofrooms. InterContinental Hotels Group owns, manages, leases orfranchises, through various subsidiaries, over 3,650 hotels and540,000 guest rooms in nearly 100 countries and territories around theworld. The Group owns a portfolio of well recognised and respectedhotel brands including InterContinental(R) Hotels & Resorts, CrownePlaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, HolidayInn Express(R), Staybridge Suites(R), Candlewood Suites(R) and HotelIndigo(R), and also manages the world's largest hotel loyaltyprogramme, Priority Club(R) Rewards with over 28 million membersworldwide. £ InterContinental Hotels Group offers information and onlinereservations for all its hotel brands at www.ichotelsgroup.com andinformation for the Priority Club Rewards programme atwww.priorityclub.com. £ For the latest news from InterContinental Hotels Group, visit ouronline Press Office at www.ihgplc.com/media. Copyright Business Wire 2006Related Shares:
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