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InterContinental plans to more than triple its properties in India

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

Published Thu, Oct 16, 2014 · 09:50 PM
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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 has 18 hotels in the South Asian country, plans to add 46 more over three to five years, said Clarence Tan, senior vice-president of development for Asia, Middle East and Africa.

InterContinental will target the mid-scale segment with Holiday Inn before offering premium brands, he said, without disclosing the planned amount of investments.

"I am excited about the new leadership in India and the progress expected with it," Singapore-based Mr Tan said. "It's been rocky for a while, but I don't th…

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