With brands spanning limited-service, extended-stay, full- service, and boutique products, InterContinental Hotels Group lays claim to the world’s largest collection ofhotels.Occupancyand average rate are on the rise, and the company has several innovations, including a new brand, on the horizon.
- IHG opened 173 hotels in the Americas and removed 112 hotels from its system in 2013. The addition of new supply and the removal of dated hotels reflect the company’s focus on building brand awareness, credibility, and consistency.
- In the Americas, the company signed 305 new hotels in 2013, up 33% over 2012. This includes four hotels for the new
EVEN Hotels brand, with the first two to open in 2014.
- Within its Americas’ portfolio, RevPAR rose 4.3% and average rates grew 2.6%, with the company’s reported revenue increasing by 9% in 2013.
- Holiday Inn Express and Holiday Inn take first and second in terms of growth among IHG hotels, with more than 1,100 new hotels in the pipeline for both brands combined.
With more than 4,600 properties worldwide, InterContinental Hotels Group (IHG) is rightly billed as the world’s biggest hotel company. With such a dense and widespread collection of hotels, IHG is continually working to increase brand awareness, bring demand through the doors, and improve guest experiences. The following article looks at the company’s portfolio performance and growth over the past several years, along with the latest IHG innovations.
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