IHG focused on Hengqin, CEO says

UK-based InterContinental Hotels Group (IHG) has chosen Zhuhai for the celebration of the opening of its 400th hotel in China. This reflects its determination to develop in the Greater Bay Area, above all Hengqin Island, Jolyon Bulley, CEO of IHG China told local media Yicai Global.

Hengqin, the Zhuhai special economic zone facing Macau, has just been approved by the State Council as an “International Leisure and Tourism Center”. IHG is in discussions with developers on the island to understand local conditions and the masterplan for tourism, finance, education and commerce. The company expects to build hotel projects in Hengqin and is very upbeat about the potential for future development, Bulley said.

IHG had about 78,000 hotel rooms under construction in China as of the end of last year, and the company will site its new projects, especially mid-end hotels, in second-, third- and fourth-tier cities, Bulley added.