China predicted to overtake U.S. as the world's largest hotel market

InterContinental Hotels Group PLC Tuesday said it plans to more than double the size of its operations in the key emerging markets of China, India and the Middle East in the next few years as it takes advantage of growing traveller numbers and global economic trends.

InterContinental, the world’s largest hotel operator by number of rooms, also said it believes China will overtake the U.S. as the world’s largest hotel market by 2025 and will become twice the size of the current U.S. market by 2039.

The company, which runs more than 4,500 hotels worldwide and counts Holiday Inn, Intercontinental and Crowne Plaza among its brands, aims to open 38 new hotels across the Middle East in the next four to five years, to total 190 by 2020, up from 76 currently. In addition, it will open 150 hotels in India by 2020, up from 12 at present.

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