SHANGHAI—IHG (InterContinental Hotels Group) unveils its 200th hotel in Greater China with the opening of the InterContinental Shanghai Ruijin.
The hotel, owned by Shanghai Donghu Group Corporation, has been a landmark in the city for almost 100 years. IHG has labeled the property its first heritage hotel in Asia, making it the sixth globally under the InterContinental Hotels and Resorts brand.
Richard Solomons, chief executive of IHG commented: “We were the first international company to enter the Chinese hotel market almost 30 years ago and it is now our second largest market in the world. The opening of our 200th hotel here is testament to how much our brands are loved by owners and guests alike. Our deep understanding of the underlying needs of local consumers is a strategy which is working and we are extremely positive of our future in China and excited about the opportunity ahead.”
IHG is continuing to commit to China. Over the next 20 years, the company plans to increase by almost eightfold the number of hotel rooms it has in Greater China, which equates to about 360,000 rooms and an additional 300,000 new jobs.