Moving forward with its brand expansion is IHG's new Regent hotel in China. It is the first hotel launch since the crisis. Despite tourism at a global low, IHG signed a management agreement with Shanghai 21st Century Hotel Co. to transform the Four Seasons Hotel Pudong to the Regent Shanghai Pudong. Reopening on May 16, this Shanghai-based hotel will be the first Regent hotel since IHG acquired a 51 percent stake in the Taiwan-based luxury hotel chain in 2018. When the acquisition was made, IHG said it planned to grow the Regent hotels from six to 40 across the world.
"Welcoming Regent Shanghai Pudong to the Regent family represents a significant milestone for the brand not only in Greater China but also in the world," said Justin Channe, Regent Hotels & Resorts at IHG managing director. "Since acquisition we have been committed to making the brand a real leader within luxury hospitality and taking it to the world’s best destinations."
