Expanding Footprint
Edited by: Team Negohtel Bulletin Media
IHG Hotels & Resorts, a global hospitality giant, is set to double its operating portfolio in India over the next five years, with close to 50 hotels in the pipeline. The company achieved a significant milestone in 2023 by closing 13 deals across its brands, spanning luxury, premium, and essentials categories, reinforcing its presence in key cities like Gurgaon, Jim Corbett, Mumbai, Amritsar, and Goa.IHG’s development pipeline emphasizes a strategic mix of world-class brands such as InterContinental Hotels and Resorts, Crowne Plaza, voco, Holiday Inn, Holiday Inn Express, and Staybridge Suites. With a focus on midscale and upper midscale segments, IHG aims to meet the evolving demands of travelers in India, followed by premium and luxury offerings.
In addition to established destinations, IHG is targeting high-growth secondary markets like Amritsar, Lucknow, Zirakpur, Kasauli, and Katra, while reinvigorating its presence in popular tourist hubs. This strategic approach aligns with IHG’s commitment to capturing the burgeoning demand for branded accommodations across India. IHG introduced its premium conversion brand, voco, in India with the signing of a property in Gurgaon, marking a significant milestone. Since its launch, voco has garnered tremendous success, with four additional signings in 2023 across leisure and business destinations like Jim Corbett, Mumbai, Amritsar, and Goa, further diversifying IHG’s portfolio to cater to evolving guest preferences.
Haitham Mattar, Managing Director, India, Middle East, and Africa, IHG Hotels & Resorts, expressed the company’s commitment to growing its presence in India, leveraging its diverse brand portfolio to meet the evolving needs of travelers and shaping the future of hospitality in the country. Sudeep Jain, Managing Director, South-West Asia, IHG Hotels & Resorts, highlighted the strong performance of the group and its ambitious expansion plans across all brand segments, underscoring the importance of establishing a strong foundation for growth.
