IHG Hotels & Resorts to double presence in India with 100 operating hotels in five years
IHG Hotels & Resorts said on Wednesday it will double its presence in India in the next five years to 100 operating hotels. The company said it recorded a 'strong' signing performance in 2023 with 13 deals closed across its brands in the luxury, premium and essentials categories and that it strengthened its footprint in markets such as Gurgaon, Jim Corbett, Mumbai, Amritsar and Goa.
The chain said close to 70% of the signings were in the midscale and upper midscale segments, which continues to be a growth driver for the company in India, followed by premium and luxury.
IHG’s development pipeline includes hotels of brands such as InterContinental Hotels and Resorts, Crowne Plaza, voco, Holiday Inn, Holiday Inn Express and Staybridge Suites. The chain said beyond established destinations, it is targeting high-growth secondary markets such as Amritsar, Lucknow, Zirakpur, Kasauli and Katra, while 'reinvigorating' its footing in popular tourist destinations.
Over the past year, IHG also announced the debut of its premium conversion brand, voco in India with a signing in Gurgaon. IHG said since the launch, the brand has seen four additional signings in 2023 across key leisure and business destinations such as Jim Corbett, Mumbai, Amritsar and Goa.
Haitham Mattar, managing director, India, Middle East and Africa, IHG Hotels & Resorts said the chain has a long-standing history in India, and it remains committed to growing its presence across the country.
«India's hospitality sector is experiencing a dynamic
