IHG adds 1,000th hotel property to its EMEAA portfolio
Phu Quoc Long Beach Resort in Vietnam marks the 1000th IHG property
InterContinental Hotels Group (IHG) has officially opened its 1000th hotel in the Europe, Middle East, Asia and Africa (EMEAA) region, with the opening of InterContinental Phu Quoc Long Beach Resort, in Vietnam.
Currently, IHG holds a strong portfolio in the EMEAA region with hotels spread across eight brands in total and congruently working in partnership with more than 500 owners. Within the next three to five years, IHG is set to open 321 hotels amounting to more than 63,500 rooms in the region.
The 1,000th property is located on the Phu Quoc Island, a UNESCO World Biosphere Reserve off the coast of Vietnam. The resort features 459 luxurious rooms, suites and villas, a beachfront, six restaurants and bars, as well as meeting facilities.
IHG’s EMEAA region is playing a key role in the company’s ambitions to grow at pace in key global markets. The rollout of voco, IHG’s newest brand in the US $40 billion upscale market, will begin in EMEAA, with a first property signing already announced in Australia. IHG plans to open more than 200 voco hotels globally over the next 10 years.
EMEAA is also a key focus as IHG builds out its luxury capabilities. IHG recently unveiled plans to expand its luxury and upscale estate in the UK through a conditional agreement with Covivio.
The deal to rebrand and operate 12 open hotels, and one pipeline hotel, will make IHG the largest luxury operator across the UK. This follows IHG’s acquisition of Regent Hotels & Resorts, with plans to grow the portfolio of six hotels to over 40 in the next decade, a statement said.
IHG chief executive officer EMEAA Kenneth Macpherson said: “Reaching 1,000 open hotels in the region with the addition of InterContinental Phu Quoc Long Beach Resort is a significant achievement for IHG. Our Europe, Middle East, Asia and Africa (EMEAA) region encompasses 71 countries, 26 time zones and some of the world’s most visited cities. This milestone is testament to the appeal of our brands, the strength of our owner relationships and our well-established strategy to leverage scale and accelerate growth in some of the world’s fastest growing markets.”