News for the Hospitality Executive
InterContinental Hotels Group Currently Operating
131 Hotels (45,940 rooms)
in China with a Further 146 hotels (47,848 rooms)
in the Development Pipeline
29 June 2010 - InterContinental Hotels Group (IHG) today confirmed plans to double its presence in Greater China to over 250 hotels over the next five years. This follows the recent opening of two InterContinental hotels in Nanjing and Shanghai and the signing of a deal with HNA Hotels and Resorts last month for five hotels.
IHG is currently the largest international hotel company in Greater
China with 131 hotels (45,940 rooms) open and a further 146 hotels (47,848
rooms) in the development pipeline.
InterContinental Hotels Group CEO, Andy Cosslett, said: “Our strong
partnerships with hotel developers in Greater China enable us to develop
high quality hotels in key locations. By establishing ourselves as the
first international hotel company in China with the Holiday Inn Lido in
Beijing in 1984, we now have an extensive infrastructure with over 40,000
people across the country and a presence in over 40 major, secondary and
tertiary cities. We will create a further 87,000 jobs across China
over the next five years as we open the hotels in our pipeline.
InterContinental Hotels Group (IHG) [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 4,400 hotels and more than 650,000 guest rooms in 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites®, and also manages the world's largest hotel loyalty programme, Priority Club® Rewards with 48 million members worldwide. IHG has over 1,300 hotels in its development pipeline, which will create 160,000 jobs worldwide over the next few years. InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.
|Also See:||China Top 10 Hotel Chains and Top 10 Tourist Destinations Revealed in Inaugural TTG and Euromonitor Study / April 2007|