World’s leading international hotel company plans to create 110,000 job opportunities in Greater China by 2015
Beijing, December 02, 2013 - InterContinental Hotels Group (IHG), one of the world’s leading international hotel companies, today outlined its strong position in Greater China and ambitious growth targets for the region. With plans to create 110,000 job opportunities in Greater China by 2015 adding to the 60,000 staff it already has, IHG aims to double the number of hotels in China by the end of 2018.
The announcement comes as Richard Solomons, Chief Executive Officer of IHG, joins the British Prime Minister David Cameron in a trade mission to China to boost trade ties between the two countries.
British Prime Minister David Cameron said: “It is fantastic to see a British company performing so well in China – success that is strengthening what is already a great business in the UK and internationally. Building on three decades of experience in the region, IHG continues to demonstrate that it is a truly innovative business, bringing the very best of international hospitality to China and to consumers around the world.”
Richard Solomons, Chief Executive of IHG, said: “China is IHG’s second largest market after the United States and is set to become IHG’s largest by 2025, fueled by booming domestic, inbound and outbound travel. Having been in the China market for 30 years, IHG has a deep understanding of the market and of consumers’ needs, and we are confident in its future development prospects. We are committed to continuing to grow in China.”
IHG has an industry leading position in Greater China and is well placed to capitalize on the strong demand drivers in the region. With the brand portfolio of InterContinental Hotels & Resorts, Crown Plaza Hotels & Resorts, HUALUXE Hotels & Resorts, Hotel Indigo, Holiday Inn Hotels & Resorts and Holiday Inn Express, IHG has 200 hotels open and 179 hotels in the development pipeline in Greater China, and is currently the largest employer among all international hotel companies in the region, with nearly 60,000 employees working at its corporate offices and hotels across over 70 cities in the country. In the first three quarters of 2013 alone, IHG signed another 42 new hotels to its portfolio. To support this industry leading pipeline, IHG has today announced plans to recruit more than 110,000 employees between 2013 and 2015.
Furthermore, IHG has a highly ambitious development strategy which includes deepening penetration in key cities such as Beijing, Shanghai, Guangzhou and targeting Tier 2, 3 and 4 cities.
In 2012, IHG launched HUALUXE Hotels & Resorts, a new hotel brand specifically designed for Chinese guests, the first of which is scheduled to open in 2014, with 21 hotels currently in the pipeline.
In 2012, China’s domestic trips reached 2.9 billion, a 10% year-on-year growth. China has already become the world’s third largest destination for inbound travel, the world’s largest for outbound travel and the world’s largest for domestic travel, with 80 million outbound travellers and 133 million inbounded travellers in 2012. By 2020, the number of outbound travellers is expected to reach 150 million. According to the latest statistics, the total expenditure of Chinese travellers in the UK during the first half of this year has doubled compared to the same time last year. Chinese travellers have for the first time become the UK’s highest spending Asian visitors.
IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVENTM Hotels and HUALUXETM Hotels & Resorts.
IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty programme with over 76 million members worldwide. The programme was relaunched in July 2013, offering enhanced benefits for members including free internet for Elites across all hotels, globally.
IHG franchises, leases, manages or owns over 4,600 hotels and 679,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.
InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.