27 November 2017
IHG extends franchise model to Crowne Plaza and Holiday Inn brands in China
Jolyon Bulley, Chief Executive Officer, Greater China, IHG, said: “IHG has been in China for more than 30 years. We have witnessed the evolution of the Chinese hospitality industry first hand, and have acquired deep market expertise along the way. Based on the maturity of the industry and sophistication of Chinese owners, we believe that now is the right time to expand our franchise model. This will help us accelerate the growth of our brands, and will bring opportunities to access untapped markets, working closely with owners.”
Liu Shijun, Secretary-General, World Tourism Alliance, commented: “In its 13th five-year plan, the Chinese government made tourism a pillar industry, which created huge opportunities for the development of hotels. IHG is an industry leader in China and by extending its franchise model, it will continue to grow, building on more than three decades of experience in the market.”
IHG will grow the franchise business in China, working with established strategic partners who have proven track records of superior hotel management and operations experience.
IHG has signed a strategic partnership with leading hotel company and trusted long-term partner, HK CTS Hotels Co., Ltd., to explore opportunities for multiple hotels to be operated under a franchise model. As part of this:
- IHG has signed the Holiday Inn Beijing Lido on a franchise contract. The hotel will be rebranded from HK CTS Hotels’ Metropark Lido Hotel Beijing, in late 2018.
For further information please contact:
+86 21 2893 3477
+86 21 2893 3344
IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®.
IHG franchises, leases, manages or owns nearly 5,300 hotels and more than 785,000 guest rooms in almost 100 countries, with more than 1,500 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG’s hotels and corporate offices globally.
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