InterContinental looks to China to drive growth
hotelier InterContinental Hotels is looking to emerging markets and especially China to drive future growth after a recovery in the United States and a string of new Chinese hotel openings helped push 2011 profits up 26 per cent.
InterContinental Hotels Group, the largest hotels group in the world, launched its first upscale boutique brand in Asia in Shanghai yesterday, a nod to the city's rising prominence as a business and tourism hub.