The InterContinental Hotel Group has announced their plans to expand in India with 100 new property acquisitions within the next 2-3 years, according to a top company executive.
"India is among the fastest growing markets for IHG in our South West Asia region. We already have 31 operational hotels in India and another 43 in pipeline. Going forward we expect to have over 100 properties in India in 2-3 years," InterContinental Hotel Group chief development officer Europe, Middle East, Asia and Africa Rajit Sukumaran told PTI here.
The company is very positive about their growth prospects in the country as the industry as a whole is moving in the right direction according to the source. The company already has four brands established in India and is looking forward to introducing an additional five in the near future.
The IHG brands present in India are InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express. "Holiday Inn and Holiday Inn Express, are our fastest growing brands as they are mid scale Brands. We are actively looking to introduce five more brands, which will fit into India. We are still scouting for the right locations and partners for these brands," Sukumaran added.
The brands are Regent, Kimton Hotels, Hotel Indigo, The Staybridge Suites and a convesion brand that is yet to be named, he added.
IHG presently hod properties in 14 locations, a number that is expected to rise significantly to 23 after the planned expansion.