IHG Opens 200th Hotel in Greater China
Tuesday May 28th, 2013 - 9:53AM P
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
SHANGHAI, CHINA—With the opening of the InterContinental Shanghai Ruijin, IHG (InterContinental Hotels Group) celebrated the unveiling of its 200th hotel in Greater China.
IHG is one of the largest international hotel management groups in China with 200 hotels opened and another 170 in development. IHG’s footprint has expanded to more than 70 cities.
“The opening of our 200th hotel here is testament to how much our brands are loved by owners and guests alike,” Richard Solomons, chief executive of IHG, said in a statement. “Our deep understanding of the underlying needs of local consumers is a strategy which is working and we are extremely positive of our future in China and excited about the opportunity ahead.”
According to the forecasts by the World Tourism Organization, the Chinese hotel room market will overtake that of the United States, which is currently the largest in the world, by 2025. By 2039, China’s hotel room market will be twice the size of the US market.
Over the next 20 years, IHG plans to increase by almost eightfold the number of hotel rooms it has in Greater China, which equates to about 360,000 rooms and an additional 300,000 new jobs.
Tags: • Hospitality • Openings •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.