Year's grace on Holiday Inn revamp
Sunday 18 January 2009
InterContinental Hotels Group (IHG) has given its 2,500 American Holiday Inn and Holiday Inn Express owners another year to complete its $1bn rebranding exercise, the biggest in the history of the industry, as the effects of the credit crunch hits home.
American owners were originally expected to complete the rebranding by the end of 2009, but IHG executives have given them another year to revamp their hotels.
Meanwhile, IHG's Owners' Association said it had "lightened standards" in the wake of the global downturn, abandoning plans to put flat-screen TVs in every single Holiday Inn room across the globe.
A spokesman for IHG said: "Current market conditions are putting pressure on the industry and it is important that IHG listens harder now than ever to concerns raised by owners on any aspect of the business. In partnership with its owners IHG is pressing ahead with the re-launch of the global Holiday Inn estate by the end of 2010."
- 1 Labour rallies behind Flint as deputy leader to offset a Corbyn win
- 2 The difference between a psychopath and a sociopath
- 3 It won’t work, Jeremy: The Health Secretary has lost the confidence of the medical profession in his attempt to reform the NHS
- 4 Dutch King Willem-Alexander declares the end of the welfare state
- 5 'Cool kids' can go on to become losers in later life, study finds
Labour rallies behind Flint as deputy leader to offset a Corbyn win
Kim Jong-un is awarded global statesmanship prize by Indonesia
Dutch King Willem-Alexander declares the end of the welfare state
RuPaul interview: The drag star on being inspired by Bowie, never fitting in, and saying the first thing that comes into your head
Calais crisis: Migrants that have made it to the UK reveal how Britain has matched their expectations
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...
£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...
£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...
£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...