IHG Plans to Run 100 Hotels in India by 2029 skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.
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.
With close to 50 hotels in the pipeline, IHG® Hotels & Resorts, one of the world’s leading hotel companies, will double its operating portfolio in India in next 5 years. The company recorded strong signing performance in 2023 with 13 deals closed across its brands in luxury, premium and essentials categories, strengthening its footprint in cities such as Gurgaon, Jim Corbett, Mumbai, Amritsar and Goa. Close to 70% of the signings were in midscale and upper midscale segments, which continues to be a growth driver for the company in India, followed by premium and luxury.
Born on May 2, 1921, Ray’s artistic journey began in the realm of commercial art before he became a filmmaker. His encounter with French filmmaker Jean Renoir and his experience with Vittorio De Sica's groundbreaking film “Bicycle Thieves” during a trip to London were pivotal, steering him toward independent filmmaking.