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January 6, 2022updated 10 Jan 2022 5:58am

IHG signs deal with Sun Group to open four properties in Vietnam

The agreement will make IHG one of the largest international hotel operators in Quang Ninh province.

IHG Hotels & Resorts and its strategic partner Sun Hospitality Group have signed a deal for four more hotels with a total of 2,709 rooms in Vietnam.

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The deal includes 616-room Holiday Inn Resort Yoko Park Onsen located in Quang Ninh Province.

They will also build 602-room Crowne Plaza Danang Ba Na Hills, 843-room Holiday Inn Resort Danang Ba Na Hills and 648-room voco Danang Ba Na Hills, as part of the ongoing development of Ba Na Hills in Danang.

These properties are slated to open in 2026.

With this agreement, IHG will have three properties across its Holiday Inn and InterContinental brands in Quang Ninh province and seven hotels in Danang.

IHG South East Asia and Korea, Development, vice-president Serena Lim said: “This marquee portfolio deal is aligned with our plan to grow our estate in Vietnam across all brands. As we work through the recovery, we know that domestic leisure business will be a strong driver of growth in the country. We’re looking to develop a range of destination resort and family-friendly destinations across Vietnam.

“We are extremely proud of being a part of Ba Na Hills – one of the top theme park attractions in the cooling highlands of Danang, and are already looking forward to further opportunities to collaborate with Sun Group and introduce more of our much-loved brands in new and exciting locations in the country.”

In Vietnam, IHG currently operates 14 hotels across four brands while 15 properties are in pipeline.

Recently, the company partnered with property development firm Siam Sindhorn to open Sindhorn Midtown, the first Vignette Collection hotel in Asia.

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Free Report
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Find tourism opportunities in the ASEAN region

Do you want clear and detailed insight into one of the world’s most exciting and burgeoning tourism destinations? Read GlobalData’s Association of South-East Asian nations (ASEAN) destination tourism market report for an analysis of destination markets, infrastructure and attractions, main and emerging source markets, as well as risks and opportunities in the ASEAN region. This report includes:
  • In-depth analysis of the ASEAN countries as tourist destinations
  • Detailed analysis of the key source markets, trends, and issues
  • Leveraging of GlobalData’s datasets to explore trends related to international arrivals and spending, tourism segments, construction, airlines, and hotel developments
  • Analysis of the COVID-19 pandemic impact on visitation to the region
  • Projections for tourism’s recovery in the coming years
The report uses primary consumer survey response data to look at behavioral trends among travelers, both in the region and its key source markets, and offers SWOT analysis of the region as a tourism destination. Use this report to better understand the challenges and growth opportunities for tourism-related operators in ASEAN, and see if you can make the most of this prospering destination.
by GlobalData
Enter your details here to receive your free Report.

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