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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
Add BT as a preferred sourcePublished Thu, Oct 16, 2014 · 09:50 PM
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.
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