Luxury is fun, and lifestyle properties are hip. Yet mid-market brands that serve middle-class travelers, a rising group, are the biggest opportunity for major hotel groups.
Hopper is under pressure to get profitable, and an IPO may be in its long-range plans. Blowback against some of its fintech products and issues with hotel chains, aren't helping.
IHG is introducing a new Holiday Inn Resort in Maharashtra, India, for 2027 and announced significant growth of their Holiday Inn Express brand in Greater China.
IHG Hotels & Resorts is gearing up to open a variety of new hotels and resorts in early 2024 in locations across the globe, from Thailand to France to Mexico.
Already a preferred destination, Sri Lanka is set to benefit more now that it has made tourist visa free for Indians. This is good news for the country's cash-strapped economy.