‘Exciting times’ as IHG hits 1,000 hotel milestone in Asia Pacific

milestone
Crowne Plaza Shell Cove Marina is slated to open in 2025.

IHG Hotels & Resorts has reached a major milestone after opening 1,012 hotels in Asia Pacific (APAC).

“To hit 1,000 open hotels in Asia Pacific, including more than 700 in Greater China, is a fantastic achievement for IHG in one of the most dynamic regions in the world,” said Rajit Sukumaran, IHG’s SVP & Managing Director, East Asia & Pacific.

“We’re seizing the great long-term opportunities by investing in our brands, delivering great returns for our owners, and driving growth in our markets.

“We know that people have a fundamental desire to travel and meet in person and, whether it’s for leisure or business, we’re there for them and offer a wonderful selection of hotel brands and experiences for all types of travel.

“We’re achieving this by maintaining our industry-leading position in the Mainstream segment through our Holiday Inn and Holiday Inn Express brands, which make up more than half of IHG’s existing portfolio and half of its pipeline in APAC.

“We’re also investing in our six Luxury & Lifestyle brands, which account for 22 per cent of our global pipeline, around twice the amount five years ago. We have built up a strong presence in this segment in the region, with 45 per cent of the global Luxury & Lifestyle pipeline in APAC.”

The region is home to about 60 per cent of the group’s InterContinental brand’s global pipeline, as well as hotels across Six Senses and Regent.

“The strong performance of our hotels over the past year has strengthened owner appetite for continued investment in the hospitality industry,” said Sukumaran.

“Industry statistics are showing a strong construction pipeline of over 5,700 projects across the region with over 1,200 to open this year alone in the hospitality sector.

“Overall, we’re really looking forward to what we’re going to achieve in APAC over the next decade as we expand our presence in the region’s established and emerging markets, and deliver experiences cherished by travellers of today and tomorrow.”