China aids IHG recovery

The group is in the middle of an extensive cost-cutting exercise, aimed at boosting financial recovery and enabling sustainable growth. Photo credit – IHG

InterContinental Hotels, the British group which owns Holiday Inn, Crowne Plaza and Staybridge Suites, has recorded its best ever performance in China.

Keith Barr, Chief Executive of InterContinental Hotels Group PLC, said:

”Each of our regions continue to deliver strong momentum. This is led by Greater China, where double digit growth… as well as record signings, reflects the ongoing benefits of our long term strategic focus on this important market.”

”Demand for our unique Chinese owner proposition “Franchise Plus” continues to be excellent and we now have more than 100 Holiday Inn Express hotels for this model either in the pipeline or open.”

The group is in the middle of an extensive cost-cutting exercise, aimed at boosting financial recovery and enabling sustainable growth.