IHG Broadens Latin American Presence

In order to strengthen its Latin United states profile, Intercontinental Hotels Team plc (IHG) is placed to unveil a Holiday Inn-branded property within Peru in association with Operaciones Turisticas Peruanas S. A. D. The property and Holiday Inn Lima Airport terminal – will be the 2nd IHG-branded hotel in the country, the first being Crowne Plaza Lima.

Smartly positioned at kunne Lima, the financial hub of Peru, the Holiday Inn-branded property will be in close proximity to Jorge Chávez Airport terminal (: LIM) along with the Dock involving Callao. Intercontinental’s development plan in Peru is primarily driven by the strong economic growth along with a large tourism business.

Up to $24 mil will be spent for that development of the home. The 179-room hotel may also be included beneath the $1 billion revitalization program initiated by the company to enhance guest satisfaction whatsoever Holiday Inn-branded real estate.

Following a saturation from the U. S. market, major hoteliers are exploring within international locations. Along with around half a billion people and an large quantity of fossil fuel sources, Latin America is now the most sought-after location among the hoteliers.

The emerging economy in Latin America, affluent middle-class population which increased 50% throughout the last decade and greater footfall in the area have not escaped Intercontinental’s interest.

The Zacks Rank #3 (Hold) company first showed in Latin America sixty-five years ago and therefore has a long-lasting business in the area. This boasts 75 hotels within Central and South usa and the Carribbean including 44 Vacation Inn-branded properties. We expect the new property will further strengthen the company’s brand presence in the area and it is in line with its growth technique.

Another hotelier, Starwood Hotels & Resorts Worldwide Inc. (HOT), recently entered the Peruvian market with Four Points by simply Sheraton Miraflores.

A few players in the lodge industry, which look attractive at current levels, include Hyatt Hotels Corp (H) and Cina Lodging Group, Limited (HTHT), each carrying a Zacks Rank #2 (Buy).

Look into the Full Research Report on VERY HOT

Look into the Full Research Report on IHG

Look into the Full Research Report on They would

Look into the Full Research Report on HTHT

Zacks Purchase Research

A lot more From Zacks. com

  • Understand article upon zacks. com


-+011000110+-

In order to strengthen its Latin United states profile, Intercontinental Hotels Team plc (IHG) is placed to unveil a Holiday Inn-branded property within Peru in association with Operaciones Turisticas Peruanas S. A. D. The property and Holiday Inn Lima Airport terminal – will be the 2nd IHG-branded hotel in the country, the first being Crowne Plaza Lima.

Smartly positioned at kunne Lima, the financial hub of Peru, the Holiday Inn-branded property will be in close proximity to Jorge Chávez Airport terminal (: LIM) along with the Dock involving Callao. Intercontinental’s development plan in Peru is primarily driven by the strong economic growth along with a large tourism business.

Up to $24 mil will be spent for that development of the home. The 179-room hotel may also be included beneath the $1 billion revitalization program initiated by the company to enhance guest satisfaction whatsoever Holiday Inn-branded real estate.

Following a saturation from the U. S. market, major hoteliers are exploring within international locations. Along with around half a billion people and an large quantity of fossil fuel sources, Latin America is now the most sought-after location among the hoteliers.

The emerging economy in Latin America, affluent middle-class population which increased 50% throughout the last decade and greater footfall in the area have not escaped Intercontinental’s interest.

The Zacks Rank #3 (Hold) company first showed in Latin America sixty-five years ago and therefore has a long-lasting business in the area. This boasts 75 hotels within Central and South usa and the Carribbean including 44 Vacation Inn-branded properties. We expect the new property will further strengthen the company’s brand presence in the area and it is in line with its growth technique.

Another hotelier, Starwood Hotels & Resorts Worldwide Inc. (HOT), recently entered the Peruvian market with Four Points by simply Sheraton Miraflores.

A few players in the lodge industry, which look attractive at current levels, include Hyatt Hotels Corp (H) and Cina Lodging Group, Limited (HTHT), each carrying a Zacks Rank #2 (Buy).

Look into the Full Research Report on VERY HOT

Look into the Full Research Report on IHG

Look into the Full Research Report on They would

Look into the Full Research Report on HTHT

Zacks Purchase Research

A lot more From Zacks. com

  • Understand article upon zacks. com

This entry was posted in Airport Hotel News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *