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Wed, 13 June 2018

IHG Launches New Upscale Hotel Brand - voco

InterContinental Hotels Group has launched voco, a new upscale hotel brand.

voco will focus primarily on conversion opportunities and will strengthen IHGs offer in the $40 billion upscale segment, which is expected to grow by a further $20 billion by 2025.

The roll-out of voco will begin in IHGs Europe, Middle East, Asia & Africa (EMEAA) region, with plans to take it to the Americas and Greater China over time. More than 200 voco hotels are expected to open in urban and leisure locations over the next 10 years.

Last month, IHG unveiled plans to expand its luxury and upscale estate in the UK through a conditional agreement with Covivio (formerly Foncire des Rgions) to rebrand and operate 12 open hotels and one pipeline hotel into its portfolio across the UK. A number of these properties will be converted into voco hotels in the coming months.

InterContinental Hotels Group has launched voco, a new upscale hotel brand. voco will focus primarily on conversion opportunities and will strengthen IHGs offer in the $40 billion upscale segment, which is expected to grow by a further $20 billion by 2025. Click to enlarge.

IHG has also confirmed that the first signing for the voco brand outside of Europe will be the Watermark Hotel & Spa Gold Coast, Surfers Paradise, Australia.

The 388-room hotel is located at the heart of Surfers Paradise, a few steps away from the beach, and offers guests two swimming pools and 800sqm of meeting space.

 The property is shortly to be acquired by IHGs long-standing partner, SB&G, which currently owns five other IHG hotels in Australia. The hotel is due to open under the voco flag in late 2018.

Keith Barr, Chief Executive Officer, IHG, said, Weve talked about the significant growth opportunity we see for IHG in upscale and voco will help us deliver against this. Well work with owners of attractive properties, who appreciate the power and expertise that a global business can bring to the table. Guests will be able to enjoy the appeal of a more individual hotel, alongside the reassurance of a name above the door that they trust. The versatility of the brand, means a voco hotel can retain and celebrate all of the elements that make that existing hotel successful. With voco, the recent addition of Regent Hotels & Resorts in the luxury space, the launch of avid hotels in the Americas, and the work were doing to enhance our existing brand portfolio, were making great progress with our ambitious plans to accelerate growth.

IHG says that the voco brand name was inspired by the meaning to invite or to come together in Latin.

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