After five decades in India and 19 hotels, UK-based leading hospitality chain, Intercontinental Hotels Group (IHG), is planning to open 45 more properties in the next three to four years. Within Asia, this is the second highest pipeline next to China.
The company has put in $30 million in the Indian market in their joint venture with Duet India Hotels and is open to investing more if there's a need. IHG's chief executive officerRichard Solomons, who is visiting India, spoke to Ruchika Chitravanshi on the opportunities the country has to offer, as well as the challenges. Edited Excerpts.
Source http://www.business-standard.com/article/companies/india-among-top-10-markets-to-deliver-75-of-global-hotel-growth-richard-solomons-114040200038_1.html
The company has put in $30 million in the Indian market in their joint venture with Duet India Hotels and is open to investing more if there's a need. IHG's chief executive officerRichard Solomons, who is visiting India, spoke to Ruchika Chitravanshi on the opportunities the country has to offer, as well as the challenges. Edited Excerpts.
Source http://www.business-standard.com/article/companies/india-among-top-10-markets-to-deliver-75-of-global-hotel-growth-richard-solomons-114040200038_1.html