Blog Post

Intercontinental Hotels Group (ihg) Committed To Ongoing Expansion In Mexico, Latin America & The Caribbean


Intercontinental Hotels Group (ihg) Committed To Ongoing Expansion In Mexico, Latin America & The Caribbean
InterContinental Hotels Group (IHG), one of the worlds leading hotel companies, on the heels of strong 2nd
Quarter 2016 financial results, continues expanding its brands throughout Mexico, Latin America and the
Caribbean, with 40 new hotels in the current pipeline, adding nearly 6,000 rooms in the region over the next
several years. The growth is buoyed by strong relationships with existing owners, as well as new entities
entering the hotel-ownership arena. In 2016 alone, IHG announced the arrival of the Candlewood Suites
brand in Mexico and the continued growth of the Staybridge Suites brand alongside the opening of a Holiday
Inn Resort in Mazatlan in the same country.Other highlights of the companys ongoing growth in key markets
include the signing of two new-build Holiday Inn Express hotels in Peru and the launch of the first Holiday Inn
Express hotel in Paraguay which joins IHGs Crowne Plaza in the countrys capital city of Asuncion. IHG is also
set to debut the highly anticipated InterContinental Santo Domingo in the Dominican Republic, which
expands the presence of the InterContinental brand within the Caribbean. In 2015, IHG acquired the world’s
largest independent boutique hotel operator, Kimpton Hotels & Restaurants. Debuting in November, the
Kimpton Seafire Resort + Spa in Grand Cayman will have the distinction of being IHGs first Kimpton brand
opening in the Caribbean. The 266-guestroom resort is Grand Caymans first new resort development in more
than a decade.Additionally, the opening of a Crowne Plaza in Colombia early next year will mark the companys
14th property in the country and IHGs second hotel brand to gain a footing in the booming metropolis of
Barranquilla. The Crowne Plaza brand is also strengthening its Mexico presence with two newly signed
properties in the key cities of Chihuahua and San Miguel Allende. In June, IHG announced that it is investing
$200 million in the Crowne Plaza Hotels & Resorts brand in the Americas region. By the end of 2017, IHG will
also open additional hotels across Mexico, Brazil, Colombia, Chile and the Bahamas, as well as in rapidly
emerging markets such as Ecuador. Jorge Apaez, Chief Operating Officer, Mexico, Latin America and
Caribbean, IHG said: We are very pleased that both our long-standing as well as new ownership groups
continue to see the value of IHG-branded hotels. Our brands continue to serve the growing number of both
business and leisure travelers in the region. This is particularly true of our Holiday Inn and Holiday Inn
Express brands which are ideally suited for the modern-day traveler. The rapid growth of these brands,
alongside the IHG Rewards Club program, is an example of how IHG continues to positively impact the hotel
industry in Mexico, Latin America and the Caribbean. As the international hotel company with the longest
track record of success in the region, we look to further growing our number of hotels and provide the
unparalleled experience that exceeds the expectations of todays travelers.IHGs growth in Mexico, Latin
America and the Caribbean is a microcosm of IHGs overall growth throughout the globe. Earlier this year, the
company marked a great milestone with the opening of its 5000th hotel.Recently, InterContinental Hotels
Group (IHG) released its 2016 Interim Results. It was a good first half, with solid revenue growth driven by
both RevPAR and rooms. IHGs strong pipeline is driving momentum and supporting future growth. In the
first half, IHG signed 35,000 rooms into the pipeline, taking the total pipeline to 222,000 rooms, the
strongest pipeline growth since 2008. While the number of signings represent more than one hotel per day it
also reflects owner confidence in IHGs brands, especially the Holiday Inn family of brands, InterContinental,
Candlewood as well as Staybridge brands. Currently, 45 percent of IHGs global pipeline is under construction.
IHG now has hotels in nearly 100 countries and more than 96 million members in the worlds largest hotel
loyalty program, IHG Rewards Club. The programs success is bolstered by the fact that it is nearing its five-
millionth member within the Mexico, Latin America and Caribbean region alone.With its roots in Latin America,
the first InterContinental hotel opened in Belem, Brazil 1946. Currently, IHG has six brands throughout 21
countries in Mexico, Latin America and the Caribbean, totaling 221 hotels and nearly 38,000 rooms.

Source: Hospitality News
Intercontinental Hotels Group (ihg) Committed To Ongoing Expansion In Mexico, Latin America & The Caribbean

Related Posts

Promo Products Showcase – Audio Water Bottle – Magnetic Car Flag – Treat Boxes – Duffel Bag – Packaway Jacket

Custom Imprinted Audio Water Bottle This item has a Bluetooth speaker at the bottom of

Promo Products Showcase – Gift Bag – Micro Fiber Hand Duster – Cannabis Strain Tracker – Sling Bag – Ribbon & Bows

Custom Imprinted Gift Bag Great for a logo on the front. In that bag you

car truck magnet
I could just do it myself in minutes!

It always fascinates me when a client says something like that. Maybe that is

Cafe Promotional Chunky
Consumers Love Promotional Products

Americans have spoken: They love promotional products more than ever. For more than 200

Personalized umbrella
Choosing a Personalized Promotional Item

OK, so you just need an personalized umbrella. You may be tempted to select the

hotel management
Driving Hotel Revenue and Improving Guests Experience with Promotional Products

As a Hotel Manager or Sales Director, your main concerns are likely to be

Personalized USB Key – Great for Hotels

Being successful in a hotel industry isn’t determined by the number of new customers

Debossed 17 oz. Regency Insulated Bottle

17 ounces, Full Stainless steel construction – Vacuum seal with leatherette sleeve Push Button

Donald Trump’s campaign spent more on hats than on polling!

Are slogans on hats and t-shirts better than messaging of substance? Does it just

Technology and hospitality
Technology’s impact on the Hospitality Industry

Michael Bull and his panel of hospitality experts discuss how technology has changed the

Hotel guests fly a kite
Tell Your Hotel Guests To Go Fly A Kite!

When was the last time you flew a kite? We spend so much time indoors

hotel web site
Hospitality Web Site & Improving Guest Booking

Whether you have a web site or looking to build one, your web site

hospitality jobs
How To Write a Hospitality Job Post That Really Works

Which wording should be put in your hospitality ads that will ring true in

custom printed hanging toiletry bag
Toiletry Bags For Your Hotel, Inns, B&B, Resorts….. Guests!

We read an article from Kiplinger that mentioned gifts to give to someone who

hotel gift
Give your hotel guests the more unusual room gifts!

Surprise them with, more uncommon, custom printed gifts and useful items. Like a computer

bar in hotel
Pop-up Bar, Constructed From an Old Elevator Car

Loews pop-up bar goes on tour

attracting customers
Hospitality & Attracting Local Customers

As customers ourselves, we are, actually, very in tune with our process in deciding

Hospitality Business And The Small Details

In the hospitality business, we know that when we are taking care of our

cancel reservation
Should Hotels Charge Cancellation Fees?

After reading Daniel Lesser’s, president and CEO, LW Hospitality Advisors, article on Nickel and diming,

Web Analytics