InterContinental Hotels Group (IHG) announced its expansion in Southeast Asia with a new hotel location in Thailand. This development reinforces IHG's commitment to growth in the region's dynamic hospitality market.
The new property in Pattaya will offer 153 rooms and suites in its initial phase, catering to both leisure and business travelers. This addition contributes to IHG's diversified portfolio in a popular tourist destination.
Expanding its presence in key markets like Thailand is a strategic move for IHG to increase its system size and generate future fee revenue. This development aligns with the company's asset-light growth model.
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