• IHG forecasts China doubling US market

InterContinental Hotels Group has announced plans to double its size in China, India, and the Middle East, becoming the number one in the Chinese market by 2025.

IHG said that it believed the Chinese market would overtake the US, currently the world’s largest, in 2025 and become twice the current US size by 2039. Andy Cosslett, CEO, said: "The economic empowerment of developing countries and massive growth in business and leisure travel mean we will aim for sustained growth in what could be an era of unprecedented opportunity and sustained growth for the hotel industry."

See the full release here:  http://www.ihgplc.com/index.asp?PageID=116&NewsID=2554

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