IHG looks to China for growth

IHG looks to China for growth

InterContinental Hotels (IHG) is adding to its development pipeline at a record pace. Around 46,000 rooms were approved for development during the first half, which chief executive Keith Barr called the “best performance for a decade”. It's particularly impressive, as chief financial officer Paul Edgecliffe-Johnson says high global demand for hotels doesn't always equate to new rooms. It follows 83,000 rooms added during 2017, with the latest additions bringing the total pipeline number to 262,000.

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