Group focus: IHG plans huge growth in new markets with pivot to Asia
IHG plans to expand their properties massively in the near future. (Photo: IHG)
In the coming years, InterContinental Hotels Group is planning on opening 450 hotels with more than 90,000 rooms, of which almost half will be in Asia.
We take a look at where these new projects will launch, and which regions will grow the fastest.
An overview of IHG’s growth by countries and regions
Of IHG’s 450 planned projects, 206 are earmarked for Asia-Pacific. Of these, 98 hotels with more than 22,000 rooms will open in China. The Australian, Thai and Indian hospitality markets will grow by 24, 20 and 19 properties respectively.
IHG’s European portfolio has a pipeline of 106 projects and 19,257 rooms. Germany (39), Poland (16) and England (15) are the front-runners in this region.
North America is to receive 91 new IHG hotels, of which 78 are opening in the US. 37 properties will be built in the Middle East. Here, the United Arab Emirates (14) and Saudi Arabia (11) are growing fastest.
With 5 projects each, South America and Africa are progressing at a slower pace.
IHG’s top 5 cities
Although China is IHG’s fastest-growing national market, the city with the most openings is in the Middle East. We are talking about Dubai, where 12 new hotels and 3,348 new rooms will be built in the next few years.
Bangkok ranks second with 7 launches and 1,700 rooms, closely followed by Chengdu and Warsaw with 6 projects each. Melbourne ranks 5th with 5 openings.
Construction phases of IHG’s projects
By the end of 2019, 70 new hotels are expected to open, bringing IHG nearly 14,000 new rooms. 52 of them are already in the pre-opening phase.
55 openings with over 34,000 rooms are in the pipeline for 2020. In 2021, 93 more hotels will follow while 53 projects are already signed for 2022. 79 new properties are underway for 2023 and beyond.
Currently, 194 hotels are under construction while plans are being finalised for 158 and the planning phase is set to being for 44.
IHG in the DACH region
In the DACH region, IHG is planning a total of 45 hotels with almost 8,400 rooms. 39 will open in Germany, 4 in Austria and 2 in Switzerland.
A noteworthy opening in Germany is the Kimpton FOUR Frankfurt. The new-build property on the Junghofstrasse will welcome mainly business travellers and conference guests to its 155 luxurious rooms by the end of 2023.
The new 80-room Six Senses Kitzbühel Alps is being built in Kitzbühel, Austria and will be ready by late 2021. Its traditional Austrian design with lots of wood and warm earth tones is combined with modern elements to offer guests an ideal place to relax and unwind.
Switzerland will also receive a Six Senses in early 2021. This project is in the popular ski resort of Crans-Montana and invites guests to enjoy the region’s many mountain sports and recreational activities. In addition to 47 elegant rooms, 17 apartments will be built there.
Let’s take a look at a few upcoming InterContinental hotel projects in the APAC region: