IHG Hotels & Resorts to End Partnership with Popular Las Vegas Resort

IHG to End Partnership with Venetian and Palazzo

IHG Hotels & Resorts revealed this week that it will end its partnership with The Venetian Resort Las Vegas and The Palazzo at The Venetian Resort on January 1, 2025.

The two properties partnered with IHG in October 2010, initially signing a 10 year agreement which was then extended to 15. IHG struck the original deal with Las Vegas Sands, but that casino operator sold Venetian and Palazzo in 2021.

“Although the end of this agreement will remove 7,092 rooms or approximately 0.7% from IHG’s overall system size in 2025, the unique nature of the fee structure under this particular licensing agreement means it contributed less than $1 million or 0.1% of IHG’s revenue from fee business in 2023 and a net nil contribution to operating profit from reportable segments.” IHG said in s statement.

IHG One Rewards members can still earn points on existing bookings for stays now through March 31, 2025. IHG also clarified that the partnership is only ending with Las Vegas properties and it doesn’t affect other alliance properties like The Venetian Macao, The Parisian Macao and The Londoner Macao in China.