IHG Targets 400 Hotels in India by 2029, Sees India as Future Top-Three Market

• InterContinental Hotels Group (IHG) aims to expand its India footprint to 400 hotels within the next five years, with a long-term goal of 1,000 properties.
• IHG CEO Elie Maalouf noted India has fewer internationally branded hotel rooms than Manhattan, highlighting the market's immense growth potential.
• Accelerated infrastructure investment, GDP growth (6-8%), deregulation, and expanding air travel are driving a surge in travel demand in India.
• India is projected to become one of IHG's top-three global markets, driven by its 1.5 billion population and a middle class expected to grow by 400 million.
• The company's Gurugram centre of excellence is expanding, and each new hotel is expected to create 100-300 jobs, boosting employment.

Why It Matters: IHG is aggressively expanding in India, targeting 400 hotels in five years, driven by strong economic growth and travel demand.