IHG CEO Sees Growth Opportunities But Vows to Remain Strictly a Hospitality Company
Skift Take
InterContinental Hotels Group hasn't been as acquisitive as some of its peers in recent years and it's clear that Chief Executive Richard Solomons doesn't intend to follow the crowd.
Since InterContinental Hotels Group (IHG) announced its deal to buy Kimpton Hotels & Restaurants it has stayed relatively quiet, while rivals such as Marriott International and AccorHotels have been pretty active in the market.
Speaking at Skift Forum Europe in London Tuesday, Chief Executive Richard Solomons said that IHG's growth strategy was to only look to go into areas where the company had "white space," pointing to Kimpton, in the boutique segment and wellness brand Even Hotels. IHG launched Even Hotels in 2012 and acquired Kimpton in 2015.
Solomons outlined one area in partic
