InterContinental Hotels Group (IHG) reached a major milestone today (12 January 2016), when it opened its 5,000th hotel.
The launch of the Hotel Indigo Lower East Side in New York (pictured top) on Tuesday took the group to a total operating portfolio of 5,000 hotels and resorts, located in almost 100 countries.
This was the latest in a series of new openings that have propelled IHG into the “5,000 club”, including other significant hotel launches in the US, UK, China and India.
“Reaching 5,000 open hotels… is an incredible milestone for IHG,” said the company’s CEO, Richard Solomons. “Over time we have built a leading portfolio of hotel brands and scale where it matters most. Alongside our network of owner relationships and powerful digital platforms, these remain the key drivers behind our consistently strong performance.
“The recent landmark openings that make up our ‘5,000 club’ also demonstrate the momentum behind our brand portfolio and our ability to increase our presence in the world’s most important growth markets.”
Prior to the opening of the new Hotel Indigo in New York, IHG had launched the Hotel Van Zandt, a Kimpton Hotel in Austin, Texas, the Even Hotel New York Times Square South, the InterContinental London O2, Hualuxe Haikou Seaview in China, and the Holiday Inn Express New Delhi International Airport Terminal 3.
Reaching 5,000 hotels means that IHG’s global portfolio has increased 43% since 2003, when the company’s hotel collection stood at 3,500 properties. Since then, IHG has acquired Candlewood Suites and launched three of its own new brands: Hotel Indigo, Hualuxe and Even. And just last year, it acquired the Kimpton Hotels & Restaurants portfolio.
According to Statista.com, which collates statistical data from 18,000 sources, Wyndham (7,645 hotels) is currently the world’s largest hotel group in terms of portfolio size, followed by Choice Hotels International (6,376) and IHG. But Marriott International’s acquisition of Starwood, which is expected to close later this year, will also propel it over the 5,000-hotel mark.