IHG Is Growing in Greater China
Skift Take
- STR reported China hotel RevPAR data for the week ended February 4th. China hotel RevPAR was up 35.6% year over year, despite a tough comp on Chinese New Year timing.
- InterContinental Hotels Group announced the recent signings of Crowne Plaza Shanghai Snow World and Shanghai Snow World Hotel, Vignette Collection. This is the first Vignette Collection hotel in Greater China.
- Macau’s Court of First Instance has officially declared the failed luxury hotel, THE 13, as bankrupt.
STR reported China hotel RevPAR data for the week ended February 4th. China hotel RevPAR was up 35.6% year over year, despite a tough comp on Chinese New Year timing (Feb 1, 2022 versus January 22, 2023). When compared with the same week in 2019 (CNY being on February 5), hotel RevPAR was up 30.2%.
InterContinental Hotels Group announced the recent signings of Crowne Plaza Shanghai Snow World and Shanghai Snow World Hotel, Vignette Collection. This is the first Vignette Collection hotel in Greater China. The hotels are part of the Shanghai Yaoxue Snow World Complex, an integrated sports-entertainment-tourism resort with the world’s biggest alpine-themed indoor ski park, which is expected to become a major tourist destination in Shanghai after opening. IHG said the signings demonstrate their long-term commitment to the China market, closely cooperating with owners and accelerating brand expansion, in line with the market’s national and regional development pol
