InterContinental Hotels Group (IHG) celebrated its highest number of European openings in four years. Opening 39 hotels throughout Europe in 2012, IHG also signed an additional 48 hotels and 7,012 rooms to add to its European pipeline.
Those rooms encompassed the UK, Germany, Russia, France, Spain, Turkey, Italy, Poland, the Netherlands, Israel, and Algeria. Accounting for more than 70 percent of 2012 signings, Holiday Inn and Holiday Inn Express led a majority of the growth along with the Hotel Indigo brand.
IHG’s 39 hotel openings were in nine European countries, with the UK holding the highest number of openings at 20 new hotels. Despite struggling economic conditions in Europe, RevPar increased 1.7 percent in total-growing by 2.5 percent in the UK and 5.4 percent in Germany.
