Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 24 2019

IHG eyes reaching 150 Hotels Milestone In Three Years

Currently, IHG is operating 39 properties in India and has another 39 in the pipeline.

IHG eyes reaching 150 Hotels Milestone In Three Years

InterContinental Hotel Group (IHG) is planning to reach 150 hotels milestone in three years. The group will launch the majority of the upcoming properties from the Holiday Inn Family.

Currently, IHG is operating 39 properties in India and has another 39 in the pipeline.

Sudeep Jain, VP (Development), InterContinental Hotel Group, said, “In India, today we have 39 operating hotels. We have another 39 hotels in the pipeline. This is a good number for us and with the signing pace, we will get to 100 soon. Our goal is to have 150 within the next two to three years. Holiday Inn family which includes Holiday Inn and Holiday Inn Express will be our predominant part of our strategy.”

“We are waiting for the right opportunities in the luxury segment. Today, we have four brands in luxury, InterContinental, Regent, Kimpton and Six senses. We would probably see two to three of those brands come to India. I see an opportunistic demand for the luxury segment in India; it is not classified as a very huge demand. This segment will continue to grow, but the mid-tier segment will grow faster,” he further stated.

In 2018, IHG had launched a conversion friendly brand, the ‘Voco’. It has been opened in Australia and Dubai.

Jain said, “We recently introduced the conversion friendly brand called ‘Voco’. Our research demonstrated that a lot of hotels are running without a brand and are of very good quality. There is an opportunity to provide them that service without changing a lot of guidelines. There could be a brand which is lifestyle oriented and with us, they can become much more successful. This was the reason behind bringing the Voco brand.”

“The brand was introduced 10 months back; we just opened Voco in Dubai. We opened the first one in Australia in the Gold Coast which is very successful. We are satisfied with the acceptance of the brand. We will also try and having conversations and will have a Voco in India as well,” he added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Tea And Coffee Chain
    About: Zealong’s latest endeavour a Quick Service Restaurant, Chai Central! Chai..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Haryana
  • Quick Service Restaurants
    BHAJIPOODI – The Breakfast café  India's No.1 Breakfast cafe brings a..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Aligarh Uttar Pradesh
  • Robotics & Technical Training
    About Us: We make young engineers through edutainment. Junior Engineers is..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 2lac - 5lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Kids Entertainment Zones
    I Dig History is the first of it’s kind Children’s..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities