IHG enjoys robust growth in India
Breaking news, 01 Apr 2008 SINGAPORE – InterContinental Hotels Group (IHG) is enjoying robust growth in India with 14 new-look Holiday Inn hotels in various stages of development across the country.
Three of the hotels will be located in Bangalore, India´s Silicon Valley, with the remaining hotels in cities such as Delhi and Dehradun in the north, Cochin and Coimbatore in the south, Kolkata in the east, Mumbai and Pune in the west, and Nagpur in central India. All 14 hotels will be new builds.
Peter Gowers, chief executive, IHG Asia Pacific, said: "India is an important market for IHG, where both domestic and international traffic is increasing and new travel segments are opening up. In the Indian hotel business, the greatest opportunity for growth is in the mid-scale segment, in which Holiday Inn has a leading position. "
IHG has an existing portfolio of 13 hotels in India, including five Holiday Inn hotels. It has a pipeline of 20 hotels (more than 5,000 rooms) in the sub-continent under the InterContinental, Crowne Plaza and Holiday Inn brands.