Hotel reviews

InterContinental Hotels Plc (IHG.L), the world’s top hotelier, expects to open a new brand of hotels specially developed for the Chinese market in 2012 or 2013, an executive said on Monday.

IHG announced its intentions to launch a hotel brand for the booming Chinese travel market earlier in the year, in line with moves made by other foreign multinational companies such as Hermes International (HRMS.PA) that launched a Chinese luxury brand, Shang Xia, last September. More >

InterContinental Hotels Group (IHG) is planning to launch a new hotel chain in China after room revenue rose by 6% in 2010.

Andrew Cosslett, InterContinental chief executive, said the hotel industry had staged “the sharpest recovery in its history” as business and leisure travel picked up after the recession. More >

The president and CEO of Starwood Hotels & Resorts Worldwide is dedicated to investing time and resources in the Chinese hotel industry.

In China, Starwood’s pipeline has 85 hotels and 150 already open, said Frits van Paasschen, More >

SAUDI billionaire Prince Alwaleed bin Talal’s investment group, Kingdom Hotel Investments (KHI), on Monday announced the sale of its Swissotel in Kunshan, China, to Malaysia’s TA Global for US$61 million (S$78 million).

The sale is to be finalised in March 2011, the investment group said.

‘We are delighted to realise the value of this investment amid a buoyant transactions environment in growth markets,’ Prince Alwaleed said. More >

China has followed Japan’s lead in the capsule hotel market, amid an explosion of leisure travel in the world’s most populous country.

The first capsule hotel in Shanghai More >