IHG opens new hotel in Vietnam

IHG has opened its 1000th hotel in the EMEAA region with the opening of InterContinental Phu Quoc Long Beach Resort, in Vietnam. This comes as IHG continues its ambitious growth strategy across its newest and most geographically diverse region. The 1000th opening adds to an already strong portfolio in EMEAA, with hotels across eight brands, working in partnership with more than 500 hotel owners. IHG has an extensive development pipeline in EMEAA with 321 hotels (63,500 plus rooms) set to open in the next 3-5 years. InterContinental Phu Quoc Long Beach Resort is located on the pristine Phu Quoc island, a UNESCO World Biosphere Reserve off the coast of Vietnam. The resort combines InterContinental’s signature luxury with the island’s unique natural beauty and features 459 luxurious rooms, suites and villas, an exclusive beachfront, six restaurants and bars, and state-of-the-art meeting facilities. IHG’s EMEAA region is playing a key role in the company’s ambitions to grow at pace in key global markets. The rollout of voco™, IHG’s newest brand in the $40 billion upscale market, will begin in EMEAA, with a first signing already announced in Australia. IHG plans to open more than 200 voco hotels globally over the next 10 years.
EMEAA is also a key focus as IHG builds out its luxury capabilities. IHG recently unveiled plans to expand its luxury and upscale estate in the UK through a conditional agreement with Covivio (formerly Foncière des Régions).