IHG's Anhut: As market bottoms out, firm has 1,700 hotels in pipeline

07/6/2009 | GlobeSt.com

In an interview, James F. Anhut, senior vice president and chief development officer for the Americas for InterContinental Hotels Group, discussed how franchise companies can expand even in a down economy. Anhut said declines in revpar appear to be finally bottoming out and the company has 1,700 hotels in the pipeline around the world. "We feel pretty comfortable about the growth prospects from the perspective of unit distribution over the next couple of years despite the slowdown in the economy," he said.

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