IHG Hotels & Resorts is bringing its premium voco brand to Kashmir with the upcoming voco Srinagar, set to open in Q4 2026. The new hotel will be located in the upscale commercial district of Srinagar, offering convenient access to the airport, city attractions, and surrounding areas. This marks IHG’s sixth voco property in development in India, showcasing the brand’s growing popularity in the country’s flourishing tourism sector.
IHG Hotels & Resorts has partnered with Arkan Palm for Real Estate Investment to bring the first Holiday Inn Express to Egypt, marking the company’s continued expansion in the region. The new hotel, Holiday Inn Express West Cairo 205, is scheduled to open in 2027 and will cater to the needs of modern travelers seeking affordable, comfortable accommodations in a strategic location near popular attractions.
IHG® Hotels & Resorts has partnered with GPKP to launch a Holiday Inn in Prayagraj, Uttar Pradesh, scheduled to open in 2025. This initiative is part of IHG’s plan to establish 50 new hotels across India in the near future. With 95 guest rooms, a restaurant, meeting space, and fitness center, the Holiday Inn Prayagraj will meet the diverse needs of leisure, business, and spiritual travelers visiting the region.
On April 26, 2024, Intercontinental Hotels Group PLC (IHG) purchased 20,000 ordinary shares on the London Stock Exchange. The transactions were executed through Goldman Sachs International (GSI) at an average price of £80.5197 per share. This purchase was made under the authority granted at the Annual General Meeting on May 5, 2023, and executed based on instructions from the Company on February 20, 2024. The company plans to cancel the acquired shares, leaving a total of 162,982,648 ordinary shares outstanding (excluding 7,006,782 held in treasury).
International Hospitality Group (IHG) aims to double its operating hotels in India within the next five years, with a focus on the mid-scale and upper-mid-scale segments. The company currently has 46 open hotels in India and has signed 13 new deals this year. IHG’s next phase of expansion will target cities like Gurugram, Jim Corbett National Park, Mumbai, Amritsar, and Goa. The company’s CEO, Elie Maalouf, believes that increasing travel demand, combined with India’s strong economic growth and young population, makes it a promising market for the hospitality industry.
