IHG plans to build 37 new UK hotels
Wednesday 10 November 2010
Intercontinental hotel Group (IHG) plans to open 37 new hotels across the UK, creating 3,000 jobs, as part of a £500m investment. The centrepiece will be an IHG hotel in Westminster, due to open in December 2011, as well as two hotels in the Olympic Village in 2012. There will also be new hotels in Newcastle Upon Tyne, Colchester, Manchester, Birmingham and Glasgow.
The vacancies were unveiled as IHG, which owns hotel brands including Holiday Inn, Crowne Plaza and Hotel Indigo, reported growth in room rates for the first time in nearly two years. A return of the business traveller has lifted sales and demand worldwide, leading to an average 1.8 per cent rise in rates across the group.
The figure emerged as IHG posted a 5 per cent increase in revenues for the three months to 30 September at $421m (£261m), although operating profits fell by 7 per cent to $115m.
- 1 I was a Woman Against Feminism too
- 2 Fifty Shades of Grey movie trailer released: First look at Jamie Dornan as Christian Grey
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 The Tory donor whose firm is one of Britain’s biggest tax avoiders - with HMRC's blessing
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned
Peaches Geldof: Her final day – and her fatal decision
Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
Taiwan plane crash: Typhoon Matmo could have caused TransAsia Airways disaster, airline suspects
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£18000 - £20000 per annum + OTE £25K: SThree: SThree Group has been well estab...
competitive: Progressive Recruitment: This really is a fantastic chance to joi...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...