IHG Very Optimistic About Hotel Growth In China

Richard Solomons, CEO of IHG, stopped by Bloomberg Television’s “The Pulse” to discuss the company’s growth, especially in the booming Chinese hospitality marketplace. “The Chinese are traveling more on business, they’re traveling more on leisure as the country opens up,” explained Solomons. “The Chinese government has described travel and tourism as the fifth pillar of economic growth, so they’re investing behind it. So hotels are getting built.” Currently, IHG has 200 hotels in China, with about 200 more in the pipeline. To watch the video, click here.