IHG signs agreement for new voco hotel in Lucknow, India

Core Insights - IHG Hotels & Resorts has signed a management agreement with Rajdeep Infra & Sales to develop a new voco hotel in Lucknow, India, which will feature 135 rooms and is expected to open in Q3 2029 [1][2][3] Group 1: Expansion Strategy - The new voco hotel will be IHG's third property in Lucknow, complementing existing Holiday Inn and Crowne Plaza hotels, and aligns with the company's strategy to enhance its presence in key urban locations across India [2][3] - IHG is actively pursuing growth in India, with a pipeline of 80 hotels under development and a goal to operate over 400 hotels in total within five years [5] Group 2: Market Potential - Lucknow, as the capital of Uttar Pradesh, is a significant hub for business, government, education, and tourism, attracting both domestic and international travelers [3][4] - The city’s dynamic growth makes it an ideal market for the voco brand, which aims to provide a premium and distinctive hospitality experience [4]