IHG® is set to expand presence in Russia, CIS & Georgia
IHG® to open eight new hotels in the region in the coming months Over 18 hotels already in the pipeline to open over next 5 years, adding to IHG’s substantial presence in Russia, CIS & Georgia
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, is making strides against its expansion strategy in Russia, CIS & Georgia, as it opened three new hotels in recent weeks with a further five set to open over the coming months. These openings illustrate IHG's commitment to growth in the region, with a further 18 hotels in the development pipeline.
So far in 2019, IHG has opened Crowne Plaza® Ufa - Congress Hotel and Holiday Inn Express® Moscow, as well as entering the Armenian market with Holiday Inn Express Yerevan in February. This momentum is set to continue throughout the year and a new Crowne Plaza has been signed in Krasnodar, set to convert and open later this year. This new signing joins Holiday Inn® Perm, Crowne Plaza Moscow - Park Huaming, Holiday Inn Aktau-Seaside (Kazakhstan) and Holiday Inn Telavi in Georgia, which are all set to open their doors in 2019.
The region at large is showing a strong appetite for branded properties.
Aron Libinson, Vice President Operations and Development, Russia, CIS and Georgia, IHG, commented: "We are seeing strong growth in Russia, CIS and Georgia, as we successfully implement our strategy. Growth in the region has been fuelled by a number of factors, including an increase in domestic travel, growth in tourism from visa free countries and demand from European travellers who are attracted by new travel experiences and lower costs. Our outlook for Russia, CIS and Georgia is long-term. We have expanded our local office in Moscow and are acting to ensure we provide options from across our brand portfolio to meet the demand from a range of consumer needs - whether it is business or leisure travel."
IHG currently has 33 hotels* operating under six brands in Russia, CIS and Georgia, including: InterContinental® Hotels and Resorts, Hotel Indigo®, Crowne Plaza®, Holiday Inn®, Holiday Inn Express®, and Staybridge Suites®.
*Numbers as at 31 December 2018.
About IHG®
IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.
With a family of 17 hotel brands and IHG Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in more than 100 countries, and a further 1,800 in the development pipeline.
- Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo
- Premium: voco Hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
- Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales. Approximately 350,000 people work across IHG's hotels and corporate offices globally.
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Katherine Mary Woolgrove
+44 7787 003 114
IHG
