Five of the biggest hotel groups lost in excess of $25 billion in market cap up until now. Experts say recovery is years down the road.
Leading luxury hotel brand InterContinental® Hotels & Resorts has partnered with London-based contemporary artist Alexander Hall, also known under the alias Haut de Gamme©, to create a stunning art installation, commemorating 200 properties around the world.
InterContinental Hotels Group has signed its first luxury hotel in Venice, Italy, the lavish 16th Century Palazzo Nani in the heart of the city. Scheduled to open at the start of 2018, the new IHG property will run under a franchise agreement with Gruppo Cordifin and H.n.h Hotels & Resorts Management.
In travel technology news from yesterday Tnooz carried the announcement that six of the world’s largest hotel proprietors had launched a booking commune Roomkey. Choice Hotels International, Hilton Worldwide, Hyatt Hotels, InterContinental Hotels, Marriott International and Wyndham Hotel Group set sail on a joint venture which is piloted by Pegasus founder John Davis. Argophilia Travel News decided to take the new flagship for a ride.
InterContinental Hotels appoints news leaders for Europe and other regions, while CEO Richard Simmons offers company profits report and prospectus. Holiday Inn Express India, and many other sectors are outlined.