IHG Buys Ruby, UK Green Fuel Dilemma and AmexGBT-CWT Merger

InterContinental Hotels Group is acquiring Ruby Hotels for over $300 million as part of its European expansion strategy, with plans to introduce the brand in the U.S. by year-end. UK airlines, facing a new sustainable aviation fuel mandate, may struggle to source enough fuel as China tightens control over its biofuel exports. Meanwhile, the UK’s competition regulator has provisionally approved American Express Global Business Travel’s $570 million acquisition of CWT, though a final decision is expected by March 9. UK Regulator Gives Provisional Green Light to Amex GBT-CWT Merger IHG Buys Ruby Hotels as 20th Brand UK Airlines Rely on Chinese Cooking Oil for Greener Fuel — But for How Long? Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/ WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/ Facebook: https://facebook.com/skiftnews Instagram: https://www.instagram.com/skiftnews/ Threads: https://www.threads.net/@skiftnews Bluesky: https://bsky.app/profile/skiftnews.bsky.social X: https://twitter.com/skift Subscribe to @SkiftNews (https://www.youtube.com/@SkiftNews) and never miss an update from the travel industry.