IHG to open 100 Russia hotels by 2020

IHG to open 100 Russia hotels by 2020

Inter Continental Hotels Group (IHG) has announced it plans to open 100 hotels in Russia and the CIS by 2020. Angela Brav, CEO of IHG in Europe is currently on the Prime Minister’s trade mission in Russia to help boost ties between the countries. IHG opened its first hotel in Russia back in 1998 and now has 11 properties in the region. “We see a huge opportunity to grow our hotel brands, such as Crowne Plaza and Holiday Inn, in Russia,” she said. “In Moscow alone, there are just over 9,000 international standard rooms, which is equivalent to around ten per cent of the hotel rooms in London so there is still a terrific opportunity for international hotel operators with a presence here. We’re working with Crocus Group to build Europe’s biggest Holiday Inn here in Moscow, with 1,000 rooms, due to open in 2014”.

Gary Marshall
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Gary Marshall
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