Skift Take
At a time when India's aviation and hospitality sectors are riding high on domestic travel, IHG is positioned well to capitalize on market opportunities with its Essentials collection of brands.
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Holiday Inn and Holiday Inn Express brands, together making up nearly 70% of IHG Hotels & Resorts’ portfolio in India, are going to remain the “driver of growth” in the market, said the company’s South West Asia Managing Director, Sudeep Jain.
“The Holiday Inn brand family continues to remain at the core of our growth strategy in India for the coming years. With an upsurge in domestic travel demand, this brand under the essentials segment is a great fit for domestic tourism,” he said in a recent interaction with Skift.
Current Portfolio: With 45 hotels and 7663 rooms, IHG India currently operates across five brands — Holiday Inn, Holiday Inn Express, Crowne Plaza, InterContinental Hotels & Resorts, and Six Senses.
“In India now, we just have five operational brands and seven or eight represented in terms of signings and pipeline out of our 18 brands, which we have globally. So, we've got a lot of white space and room to grow in the market,” said Jain.
Sudeep Jain, managing director of South West Asia at IHG HotelsNew Launches: Earlier this year, the UK-based hotel giant announced the introduction of its Voco brand in India after it signed three properties in Goa, Jim Corbett, and Gurugram.
Expansion Plans: The company plans to add another 58 hotels in South-West Asia over the next three-to-five years, the majority of which will be added to its India portfolio.
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