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IHG plans to double size in China market
InterContinental Hotels, the world’s biggest hotelier, plans to more than double in size in China over the next five years, a move aimed at giving a major boost to its performance.
The group, which operates Holiday Inn and Crowne Plaza brands as well as InterContinental,, currently runs 131 hotels in China with a further 146 underway.
Chief executive Andrew Cosslett said: “We are very optimistic about China for the rest of the year, and we are certain China will have a material impact on the group in the coming years.”
The company has carried out a big makeover of its Holiday Inns chain recently.