InterContinental Hotels Group's Americas Region 3rd Quarter Results Show It Continues To Execute Against Its Franchise and Management Growth Strategies
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InterContinental Hotels Group's Americas Region 3rd Quarter Results Show It Continues To Execute Against Its Franchise and Management Growth Strategies
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2005-11-30
InterContinental Hotels Group Steps up Focus on InterContinental Hotels & Resorts Growth.
ATLANTA (November 29, 2005) – As reported in the IHG Plc. 3rd Quarter stock exchange announcement issued on November 22nd, the Americas region of InterContinental Hotels Group, (IHG) [LON: IHG, NYSE: IHG (ADRs)], the world's largest hotel group by number of rooms, continues to show great momentum as it executes against its franchise and management growth strategies.
In September 2005, IHG announced it is expanding its upscale Americas portfolio with the addition of the InterContinental San Francisco. This property will join its sister hotel, the InterContinental Mark Hopkins San Francisco. This property is scheduled to open in late 2007.
“With IHG’s strong focus on expanding its InterContinental Hotels & Resorts brand in key U.S. gateway cities, the InterContinental San Francisco is a tremendous and welcome addition to our portfolio of hotels,” said Kirk Kinsell, SVP and chief development officer, the Americas, IHG.
InterContinental Hotels & Resorts continues to grow its presence in the Americas region. Most recently, the company’s flagship hotel, the InterContinental Buckhead, Atlanta opened in November 2004 and the InterContinental Merita, Mexico opened in November 2005. By the end of 2005, the InterContinental Playa Bonita Resort & Spa, Panama will join the portfolio. And, currently under construction is the InterContinental Boston scheduled to open in Fall 2006.
InterContinental Hotels & Resorts, the IHG brand with international understanding, has five hotels in the Americas pipeline to complement its existing 44 upper-upscale segment hotels in the region. And, an additional 16 hotels are in the global pipeline to complement its total portfolio of 137 hotels worldwide, including two properties which opened this quarter the InterContinental Hotel Dusseldorf, Germany and the InterContinental Hotel Jordan, Jordan.
IHG’s continued development momentum in the Americas region is evidenced across all seven hotel brands (November 2005):
With IHG’s increased emphasis on development of its upscale brands, Crowne Plaza is expanding its North American portfolio with 17 hotels in the pipeline to complement its existing 131 hotels. Crowne Plaza continues to differentiate its brand offering with THE PLACE TO MEET and the Crowne Plaza Sleep Advantage™ program.
Holiday Inn, ‘America’s Favorite Hotel’, continues its growth momentum with 141 properties in the Americas pipeline to complement its 1,039 existing middle market hotels.
Holiday Inn Express, the fastest-growing hotel brand in the limited-service hotel category, has 374 properties in the Americas development pipeline. It continues to open an average of two hotels per week, and has grown to more than 1,409 hotels since its introduction in the early 1990s.
Hotel Indigo, the industry’s first lifestyle brand, delivers a refreshing, inclusive hotel experience in response to prevailing consumer trends. With Hotel Indigo’s phenomenal reception, it is primed for continued expansion across the U.S. The first Hotel Indigo opened in Atlanta in October 2004, and a second location recently opened in Chicago’s historic Gold Coast neighborhood in May 2005. Future sites of Hotel Indigo hotels include Chicago-Palatine, Dallas, Knoxville, Nashville and Sarasota.
Staybridge Suites reached 75 hotels faster than any other competitor in the upscale extended-stay segment with 83 now open and an additional 68 in the Americas pipeline.
Acquired by IHG at the end of 2004, Candlewood Suites has more hotels in the pipeline than any other brand in the midscale extended-stay segment. It has 111 properties with another 66 properties in the Americas pipeline. Candlewood Suites won the 3rd Quarter 2005 Market Metrix Hospitality Index (MMHI) for the extended-stay segment. Based on 35,000 customer interviews, the MMHI is the largest and most in-depth measure of hotel, airline and car rental performance available today.
Helping further the success and momentum of its brands, IHG’s integrated approach helps unify marketing initiatives so that hotels benefit from each others’ efforts and learn from each other -- while keeping the brands distinct and differentiated to their customer segments. This is done by offering current and prospective franchisees a multi-brand marketing platform comprised of our Enterprise Values – technology, global reservations centers, global sales, performance support, and Priority Club® Rewards; as well as, fostering a collaborative, ‘Together We’re Stronger’ relationship with its hotel owners.
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