Marriott International announced 13 deal signings in Turkey comprising over 2,000 rooms.
25.08.2023 - 13:45 / skift.com / Ihg / Rashaad Jorden / Keith Barr
InterContinental Hotels Group CEO Keith Barr announced he would be leaving his role at the UK-based company at his company’s first-quarter earnings call on May 5.
Barr, who led IHG for six years, cited his family during the earnings call as a major reason he was stepping down as CEO after spending more than three decades in the industry. His decision also came a month after he described the UK stock market as being unattractive for listed companies.
So Skift is looking back at Barr’s time at the helm of IHG, where he served as chief commercial officer for four years before succeeding Richard Simmons in 2017. We’ve already done a feature on his legacy on IHG, and here’s a list of eight important developments during Barr’s reign as CEO, including its expansion in Asia and growth in the luxury sector.
More than two-and-a half years after IHG acquired Kimpton Hotels & Restaurants, IHG announced in October 2017 that it would merge the two companies’ loyalty programs by the beginning of the following year. All Kimpton Karma Rewards were automatically enrolled into the IHG Rewards Club, which was considered the world’s largest hotel loyalty program in terms of membership numbers. Skift had reported that a failure to bring Kimpton’s loyalty members into its portfolio would have represented a huge lost opportunity for IHG.
IHG’s move to purchase a majority stake in Regent Hotels in 2018 was a sign of its strategy to target the $60 billion luxury hospitality market. Barr said a more comprehensive luxury portfolio would have “numerous halo benefits, including helping us (strengthen) our loyal (offers) and attracting more (business-to-business) customers.” Skift noted that Regent would comprise a dedicated luxury division for IHG.
IHG also viewed the acquisition of the Taiwan-based Regent as a way to make inroads in Asia, with a majority of Regent’s properties being located on the continent.
IHG made another foray into the luxury sector when it took over operating 13 luxury and upscale hotels in 2018 after Starwood Capital sold a selection of its hotels to French real estate company Foncière des Régions.
The deal saw an unspecified number of the hotels come under an unnamed IHG upscale brand as part of Fonciere’s agreement to have the company manage the hotels. The transaction also resulted in the first Kimpton hotel open in the UK. The brand only had one hotel in Europe, with the rollout in the UK will likely be the start of greater expansion.
IHG’s efforts to grow its portfolio in Asia weren’t limited to purchasing a majority stake in Regent Hotels. It acquired Bangkok-based Six Senses Hotels Resorts Spas in 2019, bringing its portfolio of open and pipeline luxury hotels to 400 hotels with 108,000 rooms
Marriott International announced 13 deal signings in Turkey comprising over 2,000 rooms.
Holiday Inn and Holiday Inn Express brands, together making up nearly 70% of InterContinental Hotels Group (IHG)’s portfolio in India, are going to remain the “driver of growth” in the market, said the company’s South West Asia Managing Director, Sudeep Jain.
Shakey Graves burst onto the the music scene with his debut album ‘Roll The Bones’ in 2011, combining folk, rock and country music and a kick drum built out of a suicase. Now the muscian is partnering with Wild Turkey for their ‘ Trust Your Spirit ’ campaign and their ‘ 101 Bold Nights Musical Mentorship ’ competition where he will help mentor another rising muscial talent. I spoke with Shakey with about why he left acting for music, the best local drink you don’t know about and what it’s like owning a haunted guitar.
TUI is expanding the season in Turkey. Turkey is one of the most popular holiday destinations for TUI guests from all markets. 1.9 million guests travelled to Turkey with TUI in 2022. The country is not only a sought-after destination in the summer season. TUI Deutschland customers can book holidays in Antalya all year round. The region on the Turkish Riviera is TUI’s fifth largest destination in the winter season. Now the offer is also being expanded for British guests: for the winter season 2023/24, capacities for Antalya will be increased by 30 per cent.
This incident could potentially have implications for the travel and hospitality industry, particularly for businesses focusing on safety measures and risk management in luxury travel experiences.
As the undulating, soulful call to prayer drifts over from a mosque across the bay, guests in floaty silk beachwear lounge on cushioned sun beds by the glittering Aegean sea, sipping iced water and detox juices.
HotelTonight co-founder and CEO Sam Shank, who steered the hotel booking app even after it was acquired by Airbnb in 2019, recently announced he would be leaving the short-term rental giant. Shank wrote on his LinkedIn account that he would take some time before making plans for a future outside of the travel industry.
No, you weren’t just imagining your social media timelines full of all your friends posting from Istanbul and Turkey this summer. It happened to be true.
“I’m really excited about the quality of the brand portfolio,” IHG CEO Keith Barr said at Skift Global Forum. Barr goes on to describe the current realities of the hotel business: it’s a real estate business at the end of the day, after all. But IHG has been hyper-focused on its brands and its franchise partners. “It’s been great because there’re such clearly defined brands that enable us to work with a number of opportunities,” he told Skift’s Sean O’Neill.
Good morning from Skift. It’s Tuesday, November 22. Here’s what you need to know about the business of travel today.
InterContinental Hotels Group (IHG) said on Monday that it had added Iberostar Hotels & Resorts as a new brand through a 30-year licensing deal that lets IHG market the all-inclusive hotels and resorts. “Up to 70 hotels,” equal to about 24,300 rooms, will become bookable through IHG’s website and app under the Iberostar Beachfront Resorts brand — the 18th IHG brand.
The Ace Hotel Group, the boutique hotel chain considered to be a pioneer in the sector, announced Tuesday that it will be acquired by hospitality firm Sortis Holdings for $85 million, marking yet another chapter in the history of this small but influential player in hospitality.