Intercontinental Hotels Russia plans

Russia and the Commonwealth of Independent States (CIS) is seen as a huge growth opportunity by London-based International Hotel Group (IHG).  Speaking in Moscow, and part of British Prime Minister David Cameron’s trade mission last week, Angela Brav, CEO for IHG in Europe, explained.  “In Moscow alone there are just over 9,000 international standard rooms, which is equivalent to around 10% of the hotel rooms in London so there is still a terrific opportunity for international hotel operators with a presence here.”

IHG first entered Russia in 1998 when it opened the Holiday Inn Vinogradovo in Moscow.  Thirteen years later, IHG is expanding into regional centres and new fast-growing cities with well-established business communities and tourist attractions such as Samara, Ekaterinburg, Chelyabinsk, Novosibirsk.  IHG currently has 16 properties across Russia and the CIS including 11 hotels in Russia.  The plan is to have 100 hotels open by 2020.

In November 2011, IHG’s luxury InterContinental brand returns to Russia after a decade away with the opening of 203-room InterContinental Moscow Tverskaya.  Under way in Moscow is Europe’s largest Holiday Inn, with 1,000 rooms, due to open in 2014. www.ichotelsgroup.com

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