Quality, not quantity, for IHG
Intercontinental Hotels Group is interested in smaller deals to expand its portfolio, but won’t be growing for the sake of it, its chief executive told Reuters.
Consolidation in the hotel industry heated up late last year, with Marriott announcing plans to purchase Starwood and France’s AccorHotels agreeing a deal for FRHI, the owner of luxury hotels such as London’s Savoy.
“We are very big, one of the biggest in the world even after consolidation. So we have sufficient scale,” Richard Solomons said.
Solomons said IHG would probably be interested in doing further … Read More