• IHG plans new brand for China launch

InterContinental Hotels Group is planning to launch a new upper mid-scale hotel brand in China by the end of the year.

The group said that it was also looking to add a new mid-scale hotel brand in the US. CFO Richard Solomons confirmed that IHG would also consider selling some of its key brands at some point, commenting: "We have always signalled we would not hold them forever".

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