IHG | April 7, 2020
IHG has successfully completed the sale of its leasehold interest in Holiday Inn Melbourne Airport to Pelligra Group, owners of upcoming Holiday Inn Melbourne Werribee and Holiday Inn Melbourne Richmond. The decision supports IHG’s global asset-light strategy, which ensures its business model is focused around what it does best: franchising and managing hotels, with its business partners owning the bricks and mortar. Since 2003 IHG has completed the sale of almost 200 hotels globally as part of its move to an asset-light business model, and the sale of the Holiday Inn Melbourne Airport lease continues that global approach. As part of the ...
Tourism Tidbits: Will There Be a Crisis Recovery for Tourism?
Deutsche Hospitality Opens Newly Built IntercityHotel Herford
Business Travel Continues Bouncing Back With a Strong Outlook for 2023, According to New Industry Poll From GBTA
Most Global Markets Maintain Recovery Pace, Asia Pacific Starting to Come Back
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.