IHG (InterContinental Hotels Group), one of the world's largest hotel groups, today celebrates the unveiling of its 200thhotel in Greater China with the opening of the InterContinental Shanghai Ruijin. This marks another milestone for IHG, which was the first international company to enter the Chinese hospitality industry almost 30 years ago, and reinforces our leadership in the world's fastest growing market.
The InterContinental Shanghai Ruijin, owned by Shanghai Donghu Group Corporation, has been a landmark in the city for almost 100 years.
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."
Chen Geng Rong, President, Shanghai Donghu Group Corporation commented: "We are very proud of this historical property and pleased to put it in the hands of IHG, one of the earliest partners in China's hospitality industry. With IHG's international hotel management expertise and our local knowledge and resources, I have no doubt of the success of this partnership and that of InterContinental Shanghai Ruijin."
IHG is the largest international hotel management group in China with 200 hotels opened and another 170 in the development pipeline. IHG's footprint has expanded to more than 70 cities, two-thirds of which are in the rapidly emerging tier 2, 3 and 4 cities.