IHG to Debut an InterContinental in Chiang Mai
Skift Take
- China's travel and tourism sector is projected to grow by 150% to $1.48 trillion by the end of 2023 and contribute over $4 trillion to the economy by 2033, with significant job growth.
- Asset World Public Company Limited partners with IHG to launch the InterContinental Chiang Mai The Mae Ping, part of a larger mixed development project in Thailand.
- NH Hotel brand plans to build a 12-story hotel near Sydney Airport, while Fusion Hotel Group opens HIIVE by Fusion Binh Duong in Vietnam, emphasizing "Workation" tourism.
The World Travel & Tourism Council predicts China’s travel and tourism sector will contribute $1.48 trillion by the end of 2023, marking 150% growth from 2022 when Zero-Covid was still a hope and a prayer. Ten years from now, the WTTC forecasts the sector will contribute over $4 trillion to China’s economy. In 2023, the sector will support more than 74 million jobs in China, just 9% below 2019 levels. By 2033, the WTTC predicts 31 million additional jobs to reach almost 106 million in total, which will be one in seven in China. The WTTC said this year's data shows China has seen 22.1 million outbound passengers between January and August, up 506% from last year. Inbound passengers in that period are up 556% to 21.9 million.
Asset World Public Company Limited has partnered with IHG Hotels and Resorts to launch the five-star InterContinental Chiang Mai The Mae Ping, conceptualized as Thailand’s first living museum hotel to celebr
