The CEO rings the bell at the New York Stock Exchange
RR | New York | 8 June 2022
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Related topics: Atwell Suites, New York Stock Exchange, European Professional Club Rugby, avid hotels, IHG One Rewards, Keith Barr, Suites, voco; Necessities
IHG Hotels & Resorts (IHG) has reached 6000 brand hotel openings and offers “6000 Club” a portfolio of newly opened hotels with 17 major brands and associations for major sporting and leisure events. Keith Barr, chief executive of IHG, commemorated the achievement at the New York Stock Exchange on Tuesday, when the bell rang to signal the close of trading.
In the past five years, IHG has expanded its portfolio by acquiring or launching six brands to a total of 17. New additions include the luxury and lifestyle brands Six Senses, Regent and Vignette Collection. best branded hotels, voco; essential brand, thirsty hotels; and the brand of the wings, Atwell Wings.
IHG believes it is ready to grow its portfolio by an additional 30%, with more than 1,800 hotels already signed into the development phase. The company has announced a series of sports and entertainment partnerships for IHG One Rewards members that will connect travelers with events around the world, including Major League Soccer, European Professional Club Rugby, and music festivals in the US and UK.
Keith Barr, CEO of IHG Hotels & Resorts, said: “I am extremely proud of our teams at IHG Hotels & Resorts for reaching the milestone of opening 6,000 hotels worldwide, and I want to thank our owners for their already partnering with our guests for their love and trust in our brands. Each hotel Our opening is a cause for celebration, as we offer guests unparalleled experiences in great locations and give owners even more reasons to work with us.Our new partnerships will connect more IHG One Rewards members with unforgettable moments, as travel continues to return.With more than 1,800 A hotel in development, I am looking forward to the next chapter of IHG’s growth and celebrating many future accomplishments.”
As mentioned REPORTUR.usAs travel restrictions tighten in China, the IHG hotel and resort chain saw a pause in recovery in March, which affected its first-quarter financial results. (IHG sees its recovery stalled by restrictions in China.)
“Trade in Greater China continues to be affected by restrictions imposed to control the increase in Covid cases,” Barr said at the time.