No Hotel Merger Mania — For Now, Says IHG CEO
Photo Credit: Properties in Europe, such as the InterContinental London, are a year behind the recovery curve of Greater China. InterContinental
Skift Take
There's an element of hopeful thinking from Keith Barr, who's adamant that China is proving there's life yet in the hotel sector.
Mergers and acquisitions are common in a crisis and its aftermath, but this time may be different.
The CEO of one of the world’s biggest hotel groups has praised the way governments worldwide have buoyed the hospitality sector — as a result, it’s going to be some time before brands start changing hands.
https://youtu.be/Ih7S6BVnFEk"You may potentially see some mergers and acquisitions take place, as we’ve seen after the financial crisis. But I don’t think it’s immediate though, as there’s a lot of government support around the world," IHG CEO Keith Barr said on Tuesday during Skift Global Fo
