IHG Hotels & Resorts has reached 1,012 open hotels in Asia Pacific (APAC), a major milestone for the global hospitality company as it accelerates its growth across the region.
IHG has welcomed guests at many of its new properties in APAC over the past year, with stand-out openings across many of its brands, including Holiday Inn Hotels & Resorts, InterContinental Hotels & Resorts, Regent Hotels & Resorts, Hotel Indigo, Vignette Collection, voco hotels and Crowne Plaza Hotels & Resorts.
With demand for hotel stays expected to increase again in 2024, and strong projected long-term growth, the future looks bright for travel in the region. Having exceeded the 1,000 hotels landmark, IHG intends to be the hotel company of choice for guests and owners across its portfolio of properties in established and upcoming destinations.
“To hit 1,000 open hotels in Asia Pacific – including more than 700 in Greater China – is a fantastic achievement for IHG in one of the most dynamic regions in the world. We’re seizing the great long-term opportunities by investing in our brands, delivering great returns for our owners, and driving growth in our markets," said Rajit Sukumaran, senior vice president and managing director of IHG East Asia and Pacific.
“We know that people have a fundamental desire to travel and meet in person and, whether it’s for leisure or business, we’re there for them and offer a wonderful selection of hotel brands and experiences for all types of travel."
Sukumaran said that this has been achieved by maintaining a leading position in the mainstream segment through its various brands, such as Holiday Inn and Holiday Inn Express, which make up more than half of IHG's existing portfolio in the region.
“We’re also investing in our six Luxury & Lifestyle brands, which account for 22 percent of our global pipeline, around twice the amount five years ago. We have built up a strong presence in this segment in the region, with 45 percent of the global Luxury & Lifestyle pipeline in APAC. It is home to about 60 percent of our InterContinental brand’s global pipeline, as well as iconic award-winning hotels across Six Senses and Regent. There are also many great examples of our Kimpton and Hotel Indigo brands, and it’s great to see Vignette Collection, IHG’s first collection brand, resonating so well with guests and owners alike."
The APAC region is poised to see the most rapid growth in passenger traffic globally over the long term and newly relaxed travel arrangements – including visa-waiver agreements between countries, and the creation of new flight routes and new airlines– are boosting demand for hotel stays in APAC. IHG is ideally placed to grasp this opportunity, thanks to an expanding pipeline of 705 hotels, in 22 countries across 13 brands, supported by its IHG One Rewards loyalty programme, which has grown rapidly to have over 130 million members around the world.
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