IHG is currently the largest international hotel company in Greater China with 131 hotels (45,940 rooms) open and a further 146 hotels (47,848 rooms) in the development pipeline.
 
InterContinental Hotels Group CEO, Andy Cosslett, says: “Our strong partnerships with hotel developers in Greater China enable us to develop high quality hotels in key locations. By establishing ourselves as the first international hotel company in China with the Holiday Inn Lido in Beijing in 1984, we now have an extensive infrastructure with over 40,000 people across the country and a presence in over 40 major, secondary and tertiary cities.  We will create a further 87,000 jobs across China over the next five years as we open the hotels in our pipeline.
 
“This year we are opening over 30 hotels in Greater China. This includes seven InterContinental, seven Crowne Plaza and the debut of Hotel Indigo in an outstanding location on the Bund in the centre of Shanghai, following our strategy to develop an upscale presence in key locations. Our upscale hotels in Greater China have an average room count of 350, significantly larger than our other markets, with the vast majority being managed by IHG. This gives us a highly profitable and significant business in China with annual gross hotel revenues in excess of US$1 billion.”
 
Greater China has rebounded quickly from the industry downturn. At its first quarter trading update in May, IHG reported RevPAR growth for Greater China of 22.2% and 27.1% in April.
 
The recent deal with HNA Hotels and Resorts includes:
InterContinental Haikou: 200 rooms, opens 1st quarter, 2014
InterContinental Changchun: 300 rooms, opens 4th quarter, 2015
Crowne Plaza Changchun Noble: 290 rooms, opens 4th quarter, 2012
Crowne Plaza Kunming West: 300 rooms, opens 1st quarter, 2014
Holiday Inn Beijing Sifang: 217 rooms, opens 1st quarter, 2012

www.ichotelsgroup.com