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HOTEL EXPANSION

InterContinental plans to more than triple its properties in India

It'll first target mid-scale segment with Holiday Inn, then offer premium brands

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The UK hotel group is seeking growth beyond developed markets as its profit falls because of a dip in revenue in the Americas.

Singapore

INTERCONTINENTAL Hotels Group plc, the owner of the Holiday Inn and Crowne Plaza brands, plans to more than triple its properties in India amid signs of a rebound in demand under Prime Minister Narendra Modi.

Europe's second-largest publicly traded lodging operator, which