Tourism Industry News
InterContinental Set to Double China Presence to 250 Hotels
InterContinental Hotels Group (IHG) 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.
Greater China has rebounded quickly from the industry downturn. At its first quarter trading update in May, IHG reported revenue per available room growth for greater China of 22.2 percent and 27.1 percent in April.
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