New Delhi – With near 50 inns within the pipeline, IHG® Hotels & Resorts, one of many world’s main resort corporations, will double its working portfolio in India in subsequent 5 years. The firm recorded robust signing efficiency in 2023 with 13 offers closed throughout its manufacturers in luxurious, premium and necessities classes, strengthening its footprint in cities resembling Gurgaon, Jim Corbett, Mumbai, Amritsar and Goa. Close to 70% of the signings have been in midscale and higher midscale segments, which continues to be a progress driver for the corporate in India, adopted by premium and luxurious.
IHG’s bold growth pipeline together with worldclass manufacturers resembling InterContinental Hotels and Resorts, Crowne Plaza, voco, Holiday Inn, Holiday Inn Express and Staybridge Suites underscores the corporate’s strategic deal with capturing the rising demand for branded lodging throughout India and provide various hospitality experiences to travellers with completely different wants. Beyond established locations, IHG is concentrating on high-growth secondary markets like Amritsar, Lucknow, Zirakpur, Kasauli and Katra, whereas reinvigorating its footing in well-liked vacationer locations.
The previous 12 months, IHG additionally introduced the debut of its premium conversion model, voco in India with a signing in Gurgaon. Powered by the energy and scale of the IHG system, voco provides house owners the possibility to entry the upscale phase rapidly. Since the launch, the model has seen phenomenal success within the nation with 4 extra signings in 2023 throughout key leisure & enterprise locations resembling Jim Corbett, Mumbai, Amritsar and Goa, permitting IHG to additional diversify its portfolio to fulfill evolving visitor preferences throughout the nation.
We have a long-standing historical past in India, and we stay dedicated to rising our presence throughout the nation. India’s hospitality sector is experiencing a dynamic transformation, pushed by a confluence of things together with elevated disposable revenue, a rising center class with a style for journey, and the event of recent tourism locations. Our strategic growth plan not solely permits us to cater to this rising demand, but in addition positions IHG to be a key participant in shaping the way forward for hospitality in India. By leveraging our various model portfolio and dedication to visitor expertise, we’ll provide vacationers a wider selection of lodging choices, contributing to the general progress and vibrancy of the Indian tourism panorama. Haitham Mattar, Managing Director, India, Middle East and Africa, IHG Hotels & Resorts
We are proud to have delivered robust signing efficiency final 12 months and are on observe to document one other profitable 12 months, fueling our progress ambitions within the nation. The continued confidence of our house owners in IHG’s various portfolio, starting from the beloved Holiday Inn model household to our luxurious and life-style choices, positions us completely to cater to the evolving wants of home and worldwide vacationers.
We have bold growth plans to develop portfolio in India throughout all model segments. Our Essentials portfolio has labored extraordinarily nicely for this market, which is primarily pushed by home tourism. We have a really optimistic outlook for our progress within the luxurious and life-style phase too. We consider that establishing a powerful basis and platform is important for the growth of our luxurious manufacturers additional. This method permits us to fastidiously choose the correct companions in the correct areas, guaranteeing that we will ship distinctive experiences that align with the expectations of luxurious vacationers. Sudeep Jain, Managing Director, South-West Asia, IHG Hotels & Resorts
IHG’s dedication to distinctive visitor experiences additionally translated into the group recording spectacular efficiency. In 2023, occupancy charges throughout IHG inns exceeded pre-pandemic ranges by a major margin. Additionally, RevPAR witnessed a considerable rise of over 30% in comparison with each 2019 and 2022. Powered by IHG’s well-loved manufacturers, world-class loyalty programme and energy of enterprise, this progress is fueled by the resurgence of journey, elevated enterprise exercise, and an increase in conferences, notably in main cities like Delhi and Mumbai.
IHG in India operates by means of 6 of its core manufacturers – Six Senses and InterContinental Hotels and Resorts within the luxurious & life-style phase, Crowne Plaza Hotels & Resorts and voco within the premium phase, and Holiday Inn and Holiday Inn Express within the midscale and higher midscale segments. Currently, the Group operates has 51 inns (over 8500 rooms) working inns in SWA, out of which 46 (over 7800 rooms) are in India.
About IHG®
IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a world hospitality firm, with a objective to offer True Hospitality for Good.
With a household of 17 resort manufacturers and IHG Rewards, one of many world’s largest resort loyalty programmes, IHG has over 6,000 open inns in additional than 100 nations, and an extra 1,800 within the growth pipeline.
- Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo
- Premium: voco Hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
- Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid inns
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
InterContinental Hotels Group PLC is the Group’s holding firm and is included and registered in England and Wales. Approximately 350,000 folks work throughout IHG’s inns and company places of work globally.
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