IHG has opened three hotels in Russia, CIS and Georgia in recent weeks with a further five set to open over the coming months. The company also has 18 hotels in the development pipeline across the region.
So far in 2019, IHG has opened Crowne Plaza Ufa-Congress Hotel and Holiday Inn Express Moscow-Baumanskaya and entered the Armenian market with Holiday Inn Express Yerevan in February. A Crowne Plaza has been signed in Krasnodar and open later this year. This new signing joins Holiday Inn Perm, Crowne Plaza Moscow-Park Huaming, Holiday Inn Aktau-Seaside (Kazakhstan) and Holiday Inn Telavi in Georgia, which are all set to open this year.
Aron Libinson, VP/operations and development, Russia, CIS and Georgia, IHG, said, "Growth in the region has been fueled by a number of factors, including an increase in domestic travel, growth in tourism from visa-free countries and demand from European travelers who are attracted by new travel experiences and lower costs. Our outlook for Russia, CIS and Georgia is long-term. We have expanded our local office in Moscow and are acting to ensure we provide options from across our brand portfolio to meet the demand from a range of consumer needs, whether it is business or leisure travel.”
As of December, IHG had 33 hotels operating under six brands in the region, including InterContinental Hotels and Resorts, Hotel Indigo, Crowne Plaza, Holiday Inn, Holiday Inn Express and Staybridge Suites.