IHG HOTELS & RESORTS
IHG Hotels & Resorts appoints Jaideep Dang as head of development, South West Asia
IHG Hotels & Resorts has appointed Jaideep Dang to lead development in South West Asia. Dang will spearhead IHG's growth strategy across the region. He brings over 22 years of hospitality and real estate experience. India is a key growth market for IHG. The company aims to operate 100 hotels in India within 3-5 years.
Travel industry packs its bags for a festive takeoff
The GST cuts on hotel tariffs and dining are expected to boost the travel and hospitality industry during the festive season, following a weak first quarter impacted by various incidents. With reduced prices, companies like Treebo anticipate increased bookings, aligning with the peak travel period of Navaratri and Diwali.
Brigade Hotel IPO subscribed 1.2 times on day 2; GMP hints at 7% listing pop
Brigade Hotel Ventures' Rs 759.6 crore IPO saw 1.18 times subscription on its second day, driven by retail and NII interest. The IPO, priced at Rs 85-90, features expansion plans to 14 hotels by FY29. Despite premium assets and brand partnerships, analysts are divided due to high valuations, suggesting limited near-term gains.
Brigade Hotel IPO subscribed 63% on Day 1 so far: GMP hints at 9% listing pop
Brigade Hotel Ventures’ Rs 759.6-crore IPO was subscribed 63% on day one, led by strong retail and non-institutional investor interest. The IPO, open until July 28, includes a fresh issue of 8.44 crore shares offered at a price band of Rs 85–90.
Brigade Hotel Ventures’ Rs 760 crore IPO opens: Should you subscribe or skip?
Brigade Hotel Ventures launched its Rs 759.6 crore IPO, featuring a fresh issue of equity shares priced between Rs 85-90. The company, which operates nine upscale hotels across South India with high occupancy rates, plans expansion. While brokerages show optimism, high valuations and modest profitability warrant caution for potential investors.
IHG launches midscale brand Garner, but also sees ‘significant potential’ to bring luxury lifestyle brands to India
IHG Hotels & Resorts is bullish on India, planning to expand its luxury lifestyle brands like Kimpton and Regent, encouraged by the country's strong performance and growing revenue. The hotel chain recently launched its midscale brand, Garner, in India, with plans for significant expansion.
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Institutes Of Hotel Management (IHMS) & hospitality groups sign MoUs
Central Institutes of Hotel Management under the Ministry of Tourism, Government of India, signed MoUs with eight leading hospitality groups on World Tourism Day. These partnerships aim to enhance student engagement, faculty development, and institutional growth in the hospitality sector. The initiative seeks to globalize Indian hospitality and skills.
IHG Hotels & Resorts and Brigade Group ink deal for maiden InterContinental hotel in Hyderabad
IHG Hotels & Resorts has partnered with Brigade Group to develop a 300-room InterContinental brand hotel in Telangana, India. The InterContinental Hyderabad Neopolis will be the first InterContinental property in Kokapet, Hyderabad, and will be part of Brigade's mixed-use development project. The hotel will offer five dining options, conferencing facilities, a fitness center, spa, swimming pool, outdoor recreation area, and retail outlet.
We see ourselves opening hundreds and hundreds of hotels over time in India: Elie Maalouf, CEO, IHG Hotels & Resorts
IHG Hotels & Resorts announces plans to double its presence in India to 100 hotels within five years. Strong signing performance in 2023 led to deals across luxury, premium, and essentials categories, with a focus on midscale and upper midscale segments. IHG targets high-growth secondary markets while expanding its diverse brand portfolio.
Global hotel chains set for record expansion in India
Radisson Hotel Group aims to reduce driving distances between its hotels in India, planning to have a property within every two hours of driving. Last year, they signed 21 new hotels, with plans to sign approximately 30 annually for the next five years. This period is expected to witness significant expansion by global chains like Marriott, Hilton, IHG, and Wyndham in India.
IHG Hotels & Resorts & K Raheja sign two hotels in Powai, Mumbai
IHG Hotels & Resorts has partnered with Nikhil K. Raheja and Vijayta Raheja to expand its portfolio in Mumbai. The partnership will see the launch of a new five-star brand, voco, and a Holiday Inn Express & Suites property in the city. IHG has signed a management agreement with Saryu Properties & Hotels to convert two hotels in Mumbai into voco Mumbai Powai Hotel & Convention Centre and Holiday Inn Express & Suites - Mumbai Powai.
Hotel brands scout for franchise deals as market matures
Even Indian chains are exploring franchising opportunities, industry insiders said. Amith Khanna,head of franchise for India, the Middle East and Africa at IHG Hotels & Resorts, said over 80% of IHG’s global portfolio is franchised and this has proven to be a beneficial model for both IHG and owners.
IHG is well positioned in India and would like to bring more brands: Kenneth Macpherson, CEO, EMAA, IHG Hotels & Resorts
"The available hotel supply versus the growth of the economy and spends in the domestic market. That is actually very healthy at the moment. The awareness of our Holiday Inn brand in the Indian market is very high. There is an opportunity to grow our luxury portfolio here. We are well positioned and want to bring more brands in,” Kenneth Macpherson, CEO, EMAA, IHG Hotels & Resorts, added.
Hoteliers won't yet cancel expansion plans for this year
Kiran Andicot, regional vice-president of development for South Asia at Marriott International, said the chain expects to open 10-12 hotels with some 2,000 rooms in India this year.
Hotel companies put Covid blues behind them, to launch more properties
Zubin Saxena, managing director for South Asia at Radisson Hotel Group, said the chain opened three hotels last year and is on track to open about 15 new hotels this year. It has already launched new hotels in Bareilly, Imphal, Dharamshala, Visakhapatnam and Lonavala, and is set to add resorts in Goa, Puducherry and Pahalgam this year.
IHG Hotels & Resorts to add 39 hotels in India in next 2-3 yrs
IHG is well-positioned to capitalise on the market demand and is meaningfully expanding its presence across key markets in the country with new signings and openings, IHG Hotels & Resorts, South-West Asia Managing Director, Sudeep Jain said. In line with market demand, the company has a strong presence in the mainstream category and has 27 hotels across its Holiday Inn Hotels & Resorts and Holiday Inn Express brands, he added.
Investors Clinic to develop commercial complex in Greater Noida at Rs 1,000 crore
Investors Clinic has a network of 34 offices across India, more than 1.5 lakh sq. ft. of office space and global foray with international presence in Dubai, Doha and Singapore.
IHG signs agreement with Paraag for 2 hotels in Bengaluru
One of the hotels will be under InterContinental Hotels & Resorts brand, while the other will come under Crowne Plaza, IHG said in a statement.
InterContinental Hotel Group to add 39 new hotels in India
It currently has 39 hotels operational with 7,000 rooms and 39 in pipeline which are expected to be operational in the next 12-24 months.
IHG may bring Regent Hotel to Mumbai
“Mumbai would be a beautiful location and would be a perfect city for the brand,” said Pascal Gauvin, managing director for India, Middle East and Africa, at InterContinental Hotels Group.
Top hotel chains see churn in corner rooms
“The recruitment for our new leader in India is still underway and we will make an announcement in due course,” said a Hilton spokesperson.
IHG partners with SAMHI to expand Holiday Inn Express portfolio in India
IHG currently has 30 hotels operating across four brands in India, including Intercontinental, Crowne Plaza, Holiday Inn and Holiday Inn Express with another 33 in the development pipeline.
Movenpick may exit sole 5-star property in bengaluru
Movenpick is a premier business hotel world over, based on a Swiss hospitality theme. In India, it positioned itself as a five-star.
InterContinental Hotel Group launches its first luxury beach resort in Mahabalipuram
American hospitality brand InterContinental Hotel Group (IHG) has launched its first luxury beach resort in Mahabalipuram.
InterContinental Hotels-Duet India open second hotel
InterContinental Hotels Group has inaugurated its second hotel -- Holiday Inn Express Chennai, under its joint venture partnership with Duet India Hotels.
IHG ties up with Omaxe for 150-room hotel in New Chandigarh
Global hospitality major InterContinental Hotels Group said it has entered into an agreement with real estate firm Omaxe to open a 150-room hotel under its brand Holiday Inn in New Chandigarh.
International hotels use loyalty programmes to lure customers
Travel aficionados appear to have strong allegiance to their favourite hotel brands, as they claim longer associations with hotel loyalty programmes.
Duet India to set up 20 hotels
Hotel development company Duet India would set up 20 hotels across the country during the next three-five years, a top company official said today.
'Managed hotels ensure quality'
IHG Asia Pacific chief operating officer (southern Asia & Korea) Jan Smitts spoke to ET about the Indian hospitality industry.
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