InterContinental Hotels Group has announced the launch of a new franchise model specifically aimed at the Chinese market.
The new model, called Franchise Plus, provides owners with all of the benefits of operating a franchise model, but with additional benefits and features from IHG’s managed model
This announcement comes as IHG signs its first Franchise Plus agreement with Shanghai Yaqi Business Hotel, for a 260-room Holiday Inn Express hotel in the Hongqiao area of Shanghai. It also reflects the local dynamics of the China market, which has seen a rapid rise of the middle class in recent years, leading to significant demand for mid-scale hotels in Tier 1, 2, 3 and 4 cities.
Kenneth Macpherson, Chief Executive Officer of IHG in Greater China commented: “IHG has over 30 years’ experience of operating in China and working closely with our hotel owners to deliver on our promise to create Great Hotels, Guest Love. We are also an innovative business with a deep understanding of our guests and their needs. The launch of Franchise Plus for our Holiday Inn Express brand is an important milestone for our business and for the accommodation landscape in China. With IHG’s world-leading expertise in franchising and our more than three decades of operational excellence and knowledge of the Chinese market, we are confident that the new model will be an engine of growth for IHG and our business partners in the coming years.”