InterContinental Hotels Group (IHG) unveiled its 200th hotel 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.
The InterContinental Shanghai Ruijin, owned by Shanghai Donghu Group Corporation, has been a landmark in the city for almost 100 years. The hotel that IHG has labeled InterContinental Shanghai Ruijin is the first of its heritage hotels in Asia, making it the sixth globally under the InterContinental Hotels & Resorts brand.
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 emerging tier two, three and four cities.
According to the forecasts by the World Tourism Organization, the Chinese hotel room market will overtake that of the US, which is currently the largest in the world, by 2025. By 2039 China’s will be twice the size of the US’. Over the next 20 years, IHG plans to increase by almost eightfold the number of hotel rooms it has in Greater China, which equates to approximately 360,000 rooms and an additional 300,000 new jobs.
IHG is a pioneer in the hospitality industry in China. In 2012, IHG launched a pioneering hotel brand designed especially for Chinese consumers, Hualuxe Hotels and Resorts. It concurrently launched the Even Hotels in the US to meet the needs of healthy, lifestyle-conscious travelers.