InterContinental says it will double properties in five years
Already the world’s biggest provider of hotel rooms, InterContinental Hotels Group has now announced that it plans to double the number of properties it manages in Southeast Asia over three years. The plan is being driven by the strength of demand it is seeing from business and leisure travellers following the global recession.
IHG currently has 37 hotels in the region. It will triple the number of hotels in Vietnam to nine and double them in Singapore to eight. InterContinental, which also runs the Crowne Plaza and Holiday Inn brands, will also double its hotels in Thailand and Indonesia to 24 and 14, respectively. It expects demand for Bangkok and the resort islands of Phuket, Phi-Phi and Krabi in Thailand to grow, and recently signed new projects in Vietnam and in Semarang, Indonesia.
[pictured: InterContinental Danang Resort, Vietnam; courtesy IHG]