Core Insights - IHG Hotels & Resorts and Grupo Poma have launched two luxury hotels in Miraflores, Lima, namely InterContinental Real Lima Miraflores and Hotel Indigo Lima Miraflores, marking a significant development in South American hospitality [1][3]. Company Overview - IHG operates over 6,600 hotels in more than 100 countries, with a development pipeline of over 2,200 properties, including 229 hotels in operation and 104 in development globally for InterContinental Hotels & Resorts [9][11]. - InterContinental Hotels & Resorts is recognized as the world's first and largest luxury hotel brand, with over 220 hotels across 70 countries [16]. - Hotel Indigo aims to double its global portfolio in the coming years, currently operating 169 properties with 136 in the pipeline [9]. Hotel Features - InterContinental Real Lima Miraflores features 321 rooms, including 29 luxury suites, with amenities such as a Club InterContinental lounge, 11 multifunctional meeting rooms, and the largest outdoor hotel infinity pool in the destination [4]. - Hotel Indigo Lima Miraflores offers 76 rooms, including 10 suites, with design elements inspired by 1970s Lima, featuring a rooftop pool and community gathering spaces [5]. Culinary and Wellness Offerings - The hotels present five distinct culinary concepts, including a steakhouse, Nikkei fine dining, and a Peruvian fusion restaurant, catering to both guests and locals [6][14]. - The Presence Spa spans 400 square meters, providing personalized treatments and wellness facilities accessible to guests of both hotels [7]. Location and Cultural Significance - The hotels are strategically located in the vibrant Miraflores district, near Barranco and San Isidro, reflecting the cosmopolitan energy of the area [8].

Core Insights - The luxury hotel sector in China is experiencing a significant shift, with young consumers increasingly abandoning five-star hotels, leading to a decline in key performance metrics such as REVPAR, ADR, and occupancy rates [1][2][4][5]. Group 1: Market Performance - In Q1 2025, major hotel chains like Marriott, Hilton, and InterContinental reported strong global growth, but the Chinese market was a significant drag, with REVPAR and ADR in the Greater China region declining by 1.6% and 2.7% respectively [2][3]. - The average room price for five-star hotels in China fell to 599 yuan, a decrease of 5% year-on-year, with an average occupancy rate of only 61.3% [4]. Group 2: Changing Consumer Behavior - Chinese consumers are now booking hotels with an average lead time of just three days, the lowest ever recorded, compared to 20 days in Western markets, indicating a crisis of consumer confidence in the hotel industry [4][5]. - A significant portion of travelers, nearly 30%, are opting for same-day or one-day advance bookings, reflecting a shift in travel habits [4]. Group 3: Competitive Landscape - The hotel industry is witnessing a supply-demand imbalance, with the number of hotel rooms increasing significantly while average daily rates and occupancy rates are declining [7][8]. - Mid-range hotels like Atour and Holiday Inn are benefiting from this shift, with Atour's revenue growth of 55% and profit growth of 45%, far outpacing that of five-star hotels [7][8]. Group 4: Service and Quality Issues - Five-star hotels are criticized for outdated facilities and standardized services that lack warmth and uniqueness, leading to a loss of interest among younger consumers [5][6]. - The decline in service quality, including issues with cleanliness and maintenance, has further alienated customers, with many preferring mid-range options that offer better experiences [5][6]. Group 5: OTA Dynamics - The competition between five-star hotels and Online Travel Agencies (OTAs) is intensifying, with hotels needing to adapt to new distribution channels to maintain profitability [10][12]. - Platforms like Douyin (TikTok) are emerging as potential game-changers for hotel bookings, leveraging their user base and lower commission rates to attract high-value customers [13][19].

Group 1 - Major international hotel groups such as Marriott, Hilton, InterContinental, and Hyatt are experiencing a decline in operating metrics in the Greater China region, contrasting with global growth performance [1] - The emphasis on "tightening budgets" and "living frugally" in government meetings may lead to further restrictions on travel budgets, prompting international hotel groups to accelerate strategic adjustments to adapt to the "tight" market in China [1] Group 2 - The Dali Hilton hotel, once built at a cost of 1.8 billion yuan, is set to be auctioned at a significantly reduced price of 983 million yuan due to the developer's inability to repay a loan of 2.196 billion yuan [3] - In April, 54 hotels were auctioned with a more than 70% failure rate, indicating a troubling trend in the high-end hotel market in China [5] - The decline in high-end hotel performance is attributed to the ongoing downturn in the real estate sector, which has strained owners' cash flows [5] Group 3 - In Q1, key operating metrics for international hotel giants in Greater China continued to decline, with Marriott down 2%, InterContinental down 3.5%, and Hyatt experiencing a 5.2% decline in China despite a 2.3% global growth [5][8] - Hilton reported total revenue of approximately $1.08 billion in Q1 2025, with a net profit of about $300 million, while other major regions showed growth [8] Group 4 - The tightening of travel budgets by major companies, including ByteDance and Tencent, has led to a significant reduction in business travel demand, impacting high-end hotel occupancy rates [8][10] - STR Global data indicates that the recovery of business and travel demand in Q1 was not optimistic, with hotel market prices lacking effective support [10] Group 5 - The number of hotel establishments in China is projected to grow by nearly 100,000 from 2022 to 2024, leading high-end hotels to implement multi-dimensional reforms to enhance operational efficiency [12] - High-end hotels are adopting flexible staffing and cost control measures to maintain profitability, with some reducing guest amenities to cut costs [12] Group 6 - Despite increasing competition, international hotel groups continue to expand in China, with Hilton launching new brands and Marriott planning to open nearly 10 new JW Marriott hotels in major cities [13] - The signing of mid-range and high-end hotels increased by approximately 24.6% year-on-year, indicating a shift towards optimizing existing inventory and expanding into lower-tier markets [13][14]

Core Viewpoint - InterContinental Hotels Group PLC (IHG) has shown strong investment performance, with a total return of 179% over the past 5 years, outperforming the S&P 500 index [1]. Group 1 - IHG shares have been a solid investment over the past few years [1]. - The total return of IHG over the last 5 years is 179% [1]. - In comparison, the S&P 500 has delivered a lower total return during the same period [1].

With thoughtfully designed spaces and guest experiences focused on connection, Crowne Plaza remains a top choice for hybrid travellers in the Middle East DUBAI, UAE, May 12, 2025 /PRNewswire/ -- Crowne Plaza by IHG – one of the world's largest premium hotel brands and a thought-leader in the blended travel space – has released its second white paper: Leading the Charge in Blended Travel.The report unveils a major shift since its 2022 report, driven by a new breed of companies and individuals seeking far-rea ...

Core Insights - The high-end accommodation market in Qingdao is expanding rapidly, with over 20 five-star standard hotels established in the last five years, including several international brands making their debut in Shandong [1][2][3] - Major international hotel groups are increasingly opening their first locations in Qingdao, with eight out of the top ten global high-end hotel management groups choosing to establish their first hotels in the city [3][4] Group 1: Market Dynamics - Qingdao's hotel market is experiencing a surge in demand, with hotel order volumes increasing by 28% year-on-year, driven by the upcoming May Day holiday and a growing "holiday economy" [2] - The Marriott International Group has significantly expanded its presence in Qingdao, with multiple brands including St. Regis, Westin, and Le Meridien already operational, and new projects like the dual-brand Qingdao Jinmao hotels set to open soon [2][3] - The InterContinental Hotels Group has also announced the opening of its first Indigo hotel in Qingdao, emphasizing local cultural integration and unique guest experiences [3][4] Group 2: Economic and Tourism Potential - Qingdao is recognized as a city with international tourism appeal, supported by its strong economic foundation, including being one of China's major foreign trade ports and home to significant enterprises like Haier and Tsingtao Brewery [6][7] - The city is actively pursuing new industries and has been approved as a pilot city for asset investment companies, indicating a robust economic growth trajectory with a projected GDP of 16,719.46 billion yuan in 2024, reflecting a 5.7% increase from the previous year [8][9] Group 3: Challenges and Opportunities - Despite the influx of international hotel brands, Qingdao's hotel market still faces challenges, with 80% of its hotels being low-end, and only 2% classified as high-end, indicating a significant imbalance in accommodation quality [10][11] - The seasonal nature of tourism in Qingdao leads to high vacancy rates during off-peak months, with summer accounting for 60% of annual tourist traffic, highlighting the need for improved year-round demand [11][12] - The local economy's reliance on traditional industries and the lack of strong private enterprises contribute to insufficient business travel demand, which is crucial for sustaining high-end hotel occupancy [12][13] Group 4: Investment Strategies - The high vacancy rate in Qingdao's office buildings, currently at 35%, presents an opportunity for converting these properties into mid-to-high-end hotels, leveraging their prime locations and existing infrastructure [14][15] - Upgrading low-efficiency assets, particularly older hotels with good locations, could meet the rising demand for quality accommodations and enhance the overall hotel market [15][16] - Redefining hotel experiences to incorporate local culture and community engagement could attract both tourists and local residents, creating a unique destination within Qingdao [16][17]

Core Insights - Crowne Plaza by IHG has launched a new "Bring Your Bestie" package aimed at encouraging business travelers to invite friends or family on work trips, reflecting a shift towards blended travel experiences [1][2][5] Group 1: Market Trends - The rise of hybrid working has increased the flexibility between work and leisure, leading to a trend where 74% of U.S. travelers are open to inviting companions on work trips, particularly among Gen Z and Millennials [3][4] - Nearly 40% of U.S. travelers combine work and leisure travel specifically to spend quality time with family and friends, indicating a growing preference for meaningful in-person connections [3][4] Group 2: Benefits of Blended Travel - Traveling with a companion enhances enjoyment, supports a healthier work-life balance, reduces stress, and boosts overall well-being, which can lead to increased productivity during work hours [4] - Companions allow for fuller exploration of destinations, creating opportunities for shared experiences and lasting memories [4] Group 3: New Offerings - The "Bring Your Bestie" package includes benefits such as complimentary breakfast for up to two guests and a signature drink per night, designed to enhance the travel experience [7][11] - The package allows for additional personal days before or after work trips, maximizing time spent together [8] Group 4: Consumer Insights - Key findings from a survey indicate that nearly 20% of U.S. respondents have invited a guest on a work trip without informing their employer, and 34% noted that company policies influenced their decision [6] - Over a third of respondents expressed hesitation to invite companions due to added costs, highlighting the need for more accessible travel options [6] Group 5: Future Developments - Crowne Plaza is set to introduce new guest experiences, including curated itineraries and social activities, aimed at fostering connections and enhancing the overall guest experience [17][20]

Core Insights - Kimpton Hotels & Resorts has partnered with Tiny Zaps to introduce a unique tattoo experience for guests, celebrating the trend of "tattourism" [1][4] - The initiative will feature monthly pop-up events at five Kimpton properties across the U.S., offering complimentary, exclusive tattoo designs that reflect the local culture [2][4] - The trend of tattourism is particularly popular among Gen-Z and Millennial travelers, who prefer meaningful tattoos as souvenirs over traditional keepsakes [3] Company Overview - Kimpton is part of IHG Hotels & Resorts' luxury and lifestyle portfolio, operating over 75 hotels and more than 100 restaurants globally, focusing on unique guest experiences [5] - IHG Hotels & Resorts operates over 6,600 hotels in more than 100 countries, with a development pipeline of over 2,200 properties [6][7] - Tiny Zaps specializes in small tattoos and has collaborated with various brands, aiming to create memorable experiences through innovative tattoo offerings [8]

Core Insights - Kimpton Surfcomber Hotel has transformed its signature restaurant, The Social Club, inspired by the French Mediterranean, blending coastal sophistication with Miami's vibrant energy [1][3] - Executive Chef Gastón Javier and Director of Restaurants & Bars Luis Rios have developed a menu that highlights the region's flavors while enhancing Miami's dining scene [2][6] Design and Ambiance - The Social Club features a design that combines Art Deco grandeur with Riviera charm, created by Powerstrip Studio [3][4] - A new bar area showcases deep Prussian blue accents and brass mesh, reflecting the opulence of the Art Deco era [4] - The restaurant includes a grand credenza made from French Maple wood and tables crafted from Italian Carrara marble, enhancing the Mediterranean ambiance [5] Culinary Experience - The menu emphasizes ingredient-driven French Mediterranean cuisine with a focus on sharing and communal dining [6][7] - Standout dishes include Caracoles, The Pearl, and Le Bufala, alongside vibrant salads and shareable boards [7][8] - Brunch offerings feature creative dishes like the 7 Seas Benedict and elevated Croque Monsieur [9][10] Programming and Events - The Social Club is introducing immersive dining experiences and innovative programming to engage guests [11] - Upcoming events include Pet Brunch, Egg Hunt & Easter Brunch Buffet, and themed brunches throughout the year [14] - Monthly omakase-style dining experiences will celebrate Cuban heritage with a multi-course tasting menu [13] Company Background - Kimpton Surfcomber Hotel is part of IHG Hotels & Resorts, which operates over 6,300 hotels globally [16][17]

Financial Performance - IHG reported a significant increase in revenue, with total revenue reaching $4.6 billion, representing a 15% year-over-year growth[2369]. - The average daily rate (ADR) for rooms increased by 10% to $130, contributing to improved revenue per available room (RevPAR) which rose by 12% to $95[2385][2425]. - IHG's occupancy rate improved to 73%, up from 68% in the previous year, indicating a strong recovery in demand[2417]. - The company reported a total shareholder return (TSR) of 18% for the year, driven by strong operational performance and strategic initiatives[2437]. Expansion and Growth - The company plans to expand its portfolio by adding 20,000 new rooms in the next fiscal year, focusing on key markets in Asia and North America[2421]. - IHG's net rooms supply increased by 5% to 900,000 rooms, reflecting ongoing growth in the hospitality sector[2415]. Loyalty and Customer Experience - IHG's loyalty program, IHG One Rewards, saw a 25% increase in membership, reaching 100 million members globally[2388]. - The company is investing $300 million in technology upgrades to enhance customer experience and operational efficiency[2400]. Capital Expenditure and Dividends - IHG's capital expenditure for the year was $500 million, primarily directed towards renovations and new hotel openings[2376]. - IHG's 2024 final dividend is set at 114.4¢ per ordinary share, with the payment date on May 15, 2025[2457]. - The ex-dividend date for ordinary shares is April 3, 2025, and for ADRs is April 4, 2025[2457]. - IHG offers a Dividend Reinvestment Plan (DRIP) for shareholders to purchase additional shares with their cash dividends[2444]. Responsible Business Practices - The company has set science-based targets for carbon reduction, aiming for a 30% decrease in emissions by 2030[2430]. - IHG has a commitment to responsible business practices, showcased in their Responsible Business Report[2441]. - The company has produced a Modern Slavery Statement in accordance with the UK Modern Slavery Act 2015[2442]. Shareholder Information - Shareholders can access discounted hotel stays through a controlled-access website, available only to registered shareholders[2440]. - The principal trading market for IHG's ordinary shares is the London Stock Exchange, with shares also listed on the NYSE as American Depositary Shares[2453]. - IHG's ADRs are traded under the symbol 'IHG' on the NYSE, with each ADR representing one ordinary share[2454]. - The company encourages shareholders to have dividends paid directly into their UK bank accounts for efficient payment[2455]. - The financial year end for IHG is December 31, with preliminary results for 2024 to be announced on February 18, 2025[2458].