IHG Hotels & Resorts to double presence in India
It signed a record 13 deals across its brands in luxury, premium and essentials categories, strengthening its footprint
Mumbai: Global hospitality company IHG Hotels & Resorts on Wednesday said it is planning to double its presence in India in next five years with 100 operating hotels.
IHG Hotels & Resorts currently operates 46 hotels (over 7,800 rooms) in India, the company said in a statement. Last year, the company signed a record 13 deals across its brands in luxury, premium and essentials categories, strengthening its footprint in Gurugram, Jim Corbett, Mumbai, Amritsar and Goa. Around 70 per cent of the deals were in midscale and upper midscale segments, which continues to be a growth driver for the company in India, followed by the premium and luxury segments, it stated.
Beyond established destinations, IHG is also targeting high-growth secondary markets like Amritsar, Lucknow, Zirakpur, Kasauli and Katra, while reinvigorating its footing in popular tourist destinations, said the statement.
