Hotel Online
News for the Hospitality Executive


advertisement
 

 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.
 

IHG Key Greater China statistics
  • The recent deal with HNA Hotels and Resorts includes:
  • InterContinental Haikou: 200 rooms, opens 1st quarter, 2014
  • InterContinental Changchun: 300 rooms, opens 4th quarter, 2015
  • Crowne Plaza Changchun Noble: 290 rooms, opens 4th quarter, 2012
  • Crowne Plaza Kunming West: 300 rooms, opens 1st quarter, 2014
  • Holiday Inn Beijing Sifang: 217 rooms, opens 1st quarter, 2012
    • IHG is the largest international hotel operator in Greater China with 131 hotels (45,940 rooms) open and 146 hotels (47,848 rooms) in the pipeline. This makes Greater China IHG’s second largest operating region (the US is number one).
    • IHG’s combined system and pipeline, of luxury and upscale hotels, is the largest in Greater China with 130 hotels (56,626 rooms).
    • IHG currently has 40,000 people working in China and expects to recruit a further 87,000 within the next 5 years.
    • IHG currently has a 15% share of the branded hotel market in Greater China and a 28% share of the branded hotel pipeline. (Source: STR Global May 2010)
    • IHG properties in Greater China are mostly operated under management contracts. .

    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 Nanjing, one of 131 
    IHG hotels in China, Hotel Exterior
    “This year we are opening over 30 hotels in Greater China. This includes seven InterContinental, seven Crowne Plaza and the debut of Hotel Indigo in an outstanding location on the Bund in the centre of Shanghai, following our strategy to develop an upscale presence in key locations. Our upscale hotels in Greater China have an average room count of 350, significantly larger than our other markets, with the vast majority being managed by IHG. This gives us a highly profitable and significant business in China with annual gross hotel revenues in excess of US$1 billion.”

    Greater China has rebounded quickly from the industry downturn. At its first quarter trading update in May, IHG reported RevPAR growth for Greater China of 22.2% and 27.1% in April. 

    A recent guideline issued by China’s State Council confirmed the Chinese Government has established tourism as a key economic pillar, with a total of 25 national and regional development plans in place with tourism as a strategic focus. The Government is also investing US$120 billion in its railway network, laying over 85,000 kilometres of freeway and constructing 97 new airports to upgrade the transport infrastructure across the country.

    The World Expo 2010 Shanghai China has generated interest and opportunity for the tourism and hotel industry. The international event is estimated to attract a total of 70 million visitors in six months. Since the opening on 1 May this year, 20 million domestic and international visitors have contributed to the demand for hotels in the city. The new InterContinental Shanghai Expo is the only hotel on the Expo Park site.

    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.

    .
    Contact: 

    Investor Relations
    Heather Wood; Catherine Dolton
    +44 (0) 1895 512 176 

    Media Relations
    Leslie McGibbon; Emma Corcoran
    +44 (0) 1895 512 425
     

    .
    .
     
    Also See: China Top 10 Hotel Chains and Top 10 Tourist Destinations Revealed in Inaugural TTG and Euromonitor Study / April 2007
    .

    To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
    Home | Welcome| Hospitality News | Classifieds| One-on-One |
    Viewpoint Forum | Industry Resources | Press Releases
    Please contact Hotel.Onlinewith your comments and suggestions.