Articles tagged “ihg”

IHG’s Race to Avoid Defaulting on More Than 100 Hotels: What’s the Fallout?

IHG’s Race to Avoid Defaulting on More Than 100 Hotels: What’s the Fallout?

Cameron Sperance, Skift

IHG could become the first major victim of a coronavirus-related financial drag on hotels in North America, but its default may be a strategic play on a financial structure unusual for such a global brand.

2 weeks ago

IHG Bets on Ultra-Luxury Even in This Economy by Expanding Regent Hotels

IHG Bets on Ultra-Luxury Even in This Economy by Expanding Regent Hotels

Cameron Sperance, Skift

IHG's commitment to expand the Regent brand to as many as 50 properties globally signals that the ultra-luxury sector, despite a catastrophic loss of business during the pandemic, is still seen as a durable place to invest.

3 weeks ago

A European Summer Without Americans Threatens Already Struggling Luxury Hotels

A European Summer Without Americans Threatens Already Struggling Luxury Hotels

Cameron Sperance, Skift

The EU's ban on American travelers is another revenue hit for European hoteliers, but also an opportunity to build up a domestic travel base.

1 month ago

6 Key Takeaways From Skift Forum Europe

6 Key Takeaways From Skift Forum Europe

Dennis Schaal, Skift

Nothing like a world-shattering crisis to force companies to look into the mirror and contemplate a makeover. Will consumer travel preferences change forever because of coronavirus? Forever is a very long time.

1 month ago

IHG and Accor Leaders See Short-Term Virus Response Fueling Longer-Term European Hotel Strategies

IHG and Accor Leaders See Short-Term Virus Response Fueling Longer-Term European Hotel Strategies

Matthew Parsons, Skift

The hotel sector is nothing if not inventive, and IHG and Accor have bold ideas to take advantage of what's shaping up to be a mostly domestic summer season.

1 month ago

Hotels-Backed Online Search Platform Roomkey Suspends Operations

Hotels-Backed Online Search Platform Roomkey Suspends Operations

Cameron Sperance, Skift

Roomkey.com's demise (temporary or not) shouldn't be seen as a sign hotel companies can't compete with OTAs. But if revived, the brand will likely need a more in-your-face approach than pop-under ads to drive traffic.

2 months ago

IHG Declares Recovery Already Here: Behind Some Optimistic Numbers

IHG Declares Recovery Already Here: Behind Some Optimistic Numbers

Matthew Parsons, Skift

Going by InterContinental Hotels Group's first quarter earnings update, there's good news coming out of the U.S. and China. But how Europe, the Middle East, and Africa respond to coronavirus over the next quarter will be critical to keeping that optimism alive.

3 months ago

Can Hotels Make a Comeback If Required to Be Less Congested?

Can Hotels Make a Comeback If Required to Be Less Congested?

Cameron Sperance, Skift

Hotel owners and operators need to focus on building traveler trust to get to the other side of an industry recovery, no matter the associated costs.

3 months ago

Local Travel to Benefit Most in China’s First Major Holiday Since Coronavirus

Local Travel to Benefit Most in China’s First Major Holiday Since Coronavirus

Sophie Yu and Brenda Goh, Reuters

The Chinese travel industry has its first chance at a rebound during the upcoming Labor Day holiday, but there is still a long way to go before a return to 2019 demand levels.

3 months ago

IHG to Open First New Hotel in China Since Crisis Rebound There

IHG to Open First New Hotel in China Since Crisis Rebound There

Cameron Sperance, Skift

IHG's planned Regent brand expansion is gearing up in China, but it shouldn't be seen as a sign of an overall coronavirus recovery for Asian hotels.

4 months ago

IHG Cuts $150 Million in Costs as Revenue Plummets

IHG Cuts $150 Million in Costs as Revenue Plummets

Yadarisa Shabong, Reuters

IHG has limited options at a time like this. With travel demand falling, it has to cut costs and hope that this will be enough to see it through the crisis.

5 months ago

IHG Is the Model for Hotel Chains on Cancellations as Crisis Mounts

IHG Is the Model for Hotel Chains on Cancellations as Crisis Mounts

Patrick Whyte, Skift

Of the big global hotel chains, IHG is so far leading the way in terms of a customer-centric cancellation policy. Its rivals should take note.

5 months ago