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."
- 2 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 3 Andy Murray takes to Twitter to show off his Christmas jumper
- 4 Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
PlayStation and Xbox hacked by Lizard Squad
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Dublin court rules brain-dead pregnant mother's life support can be switched off
Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...