InterContinental Hotels Group has launched a
new franchise model for its Holiday Inn Express brand in China.
The new model, called Franchise Plus, has been specifically
tailored for the Chinese market and provides owners with all of
the benefits of operating a franchise model, but with additional
benefits and features from IHG’s managed model.
IHG’s first Franchise Plus agreement
was signed earlier this week with Shanghai Yaqi Business Hotel
Co., Ltd., for a 260-room
Holiday Inn Express hotel in the Hongqiao area of Shanghai.
“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,” said Kenneth
Macpherson, Chief Executive Officer of IHG in Greater 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.”
There are more than 2,400 Holiday Inn Express hotels globally and over
620 in the pipeline. Since its arrival in Greater China in 2004,
Holiday Inn Express has established a presence in more than 30 provinces and cities across the region with 66
hotels now open and another 67 in
the pipeline.
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