|TOKYO October 23, 2006 – InterContinental Hotels Group
(IHG) and All Nippon Airways (ANA) today announced the signing of a hotel
operating joint venture to create the leading hotel operating company in
Japan, the world’s second largest hotel market.
The joint venture – to be named IHG ANA Hotels Group Japan – will officially
commence on 1 December 2006. IHG was selected as ANA’s partner after a
highly competitive process. The strength of IHG’s family of brands, robust
growth pipeline, international outlook and established operating systems
made it the preferred partner for ANA, while ANA’s reputation for high
quality standards and service made it an attractive partner for IHG. Both
companies share corporate values and strategic objectives, including a
focus on China, which will help create a strong platform for a successful
IHG Chief Executive Andrew Cosslett said, “This deal marks another significant step for IHG as we continue to develop our brands throughout Asia. We are delighted to be in partnership with ANA, which has a reputation for high standards and quality of service. This joint venture will turn IHG ANA Hotels Group Japan into the country’s leading hotel operator. It is consistent with our strategy of expanding our presence in key markets and makes IHG the first international hotel company with a large scale, multi-brand presence in Japan. We believe that all three co-brands – ANA-InterContinental, ANA-Crowne Plaza and ANA-Holiday Inn – will benefit significantly from the arrangement and collectively have great potential to become the first choice in Japan for our guests, our owners and our people.”
ANA President and CEO Mineo Yamamoto said, “This is a great day for ANA Hotels and Resorts. Our joint venture with InterContinental Hotels Group will bring our hotel guests the benefits of enhanced hotel operations under powerful co-brands and will enable our employees to take advantage of truly global training and personal development programs. In addition, our hotel owners will enjoy the benefits of industry-leading hotel operating systems and our shareholders will benefit from the value that comes from working with a global partner. This is a superb platform from which to strengthen our hotel business, grow the co-brands and develop our people, in order to benefit our guests, our shareholders, our employees and our business partners in Japan. ANA and IHG look forward to building a successful long term partnership and exploring opportunities for other strategic alliances.”
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 of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, over 3,650 hotels and 540,000 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 28 million members worldwide. InterContinental Hotels Group’s portfolio in Asia Pacific includes 167 hotels and over 49,500 guest rooms under the InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, and Express by Holiday Inn® brands.
All Nippon Airways (ANA) is the seventh largest airline in the world by passenger load (IATA ranking) and Japan’s largest domestic carrier. It is listed on the Tokyo Stock Exchange with a market capitalisation of US$8.1bn (JPY932bn) as of 29 Sep 2006.
Carrying almost 50 million passengers every year to 50 destinations in Japan and 23 cities throughout Asia, Europe and the United States, ANA is recognized for outstanding passenger service both on the ground and in the air. In the greatest Japanese tradition of mixing hospitality with high technology, personalised a la carte service complements state-of-the-art entertainment systems and the latest in cabin design. ANA has been in the airline business for over 50 years, and combined with ANA Group companies, its activities extend across a host of complete travel and aviation-related services.
IHG Public Relations
Tel: +65 9829 0310
ANA Public Relations
|Also See:||Andrew Cosslett Named Chief Executive of InterContinental Hotels Group; Expert in Global Brand Management / December 2004|
|Destination Hotels Resorts Assumes Management of the ANA Hotel, San Francisco; Renames Property the Argent Hotel / Sept 1998|