“Under our Ahvaan 2025 strategy, we had previously set the target of reaching the 300 hotels mark by 2025-2026. We are signing about 2.5 contracts a month besides opening 2 hotels a month. That is accelerated. In aspiration 2022, we had said we will open 15 hotels a year,” he said.
IHG Hotels & Resorts has entered into a franchise agreement with Mogotel and development partner Revelop, to mark IHG’s re-entry into Sweden with voco Stockholm Kista. This latest signing signifies IHG’s strong owner relationships and its commitment to growth in new and emerging markets such as Sweden, drawing on its scale of more than 780 open hotels across Europe.