Tue, 6 December 2016

IHG Signs InterContinental Hotel in Vientiane, Laos

InterContinental Hotels Group has signed a management agreement with Lao International Development Co. Ltd. to open the first InterContinental hotel in Laos.

Set to open in 2021, the new-build InterContinental Vientiane will join Crowne Plaza Vientiane to be the second hotel managed by IHG in the capital city.

Leanne Harwood, Vice President, Operations, IHG, South East Asia & Korea, said, Laos is currently one of the regions fastest growing nations with close to five million international arrivals each year and future infrastructural and industrial developments underway to continue boosting economic growth and attract foreign investment. It is well on its way to becoming one of the regions busiest business and tourist destinations and its a great time to be bringing the InterContinental brand into the country to tap on this potential.

The hotel, which will have more than 400 rooms, will be located in the upcoming World Trade Centre a mixed-use complex which will also include a large retail mall, medical centre, conference centre, office tower and residential towers. It is located a short drive away from Wattay International Airport and adjacent to Lan Cang Avenue, Vietnam Street and French Street.

Mr. Xiao Long, CEO, Lao International Development, said, Its an exciting time to be investing in Laos as the country sees improved intra-regional connectivity through the completed Kunming-Vientiane-Bangkok Highway connecting China, Laos and Thailand and the upcoming high speed rail project that will link China to Laos in just a few years. We are confident these infrastructural developments will boost tourist arrivals, especially from surrounding nations, and the opening of InterContinental Vientiane will cater to the influx of travellers.

Globally, IHG operates 184 InterContinental Hotels & Resorts, with 52 hotels due to open in the next three to five years. In South East Asia, there are 14 InterContinental Hotels & Resorts with 10 more hotels due to open over the next few years.

See other recent news regarding: IHG, Vientiane, Laos.

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