IHG (InterContinental Hotels Group) has today launched voco, its new upscale hotel brand, alongside announcing a first signing in Australia. voco will focus primarily on conversion opportunities and will strengthen IHG's offer in the $40 billion upscale segment, which is expected to grow by a further $20 billion by 2025. Working with high-quality individual and locally-branded hotels, this distinctive brand will offer owners the ability to drive higher returns through delivering a compelling guest experience and leveraging IHG's powerful systems. This includes best-in-class revenue management and technology capabilities and IHG Rewards Club, one of the world's largest hotel loyalty programmes. voco, inspired by the meaning 'to invite' or to 'come together' in Latin, will combine the informality and charm of an individual hotel, with the quality and reassurance of a global and respected brand. The roll-out of voco will begin in IHG's Europe, Middle East, Asia & Africa (EMEAA) region, with plans to take it to the Americas and Greater China over time. The new brand will drive significant incremental growth for IHG, with an expectation to open more than 200 voco hotels in attractive urban and leisure locations over the next 10 years. IHG announced plans last month to expand its luxury and upscale estate in the UK through a conditional agreement with Covivio (formerly Fonciere des Regions) to rebrand and operate 12 high quality open hotels and one pipeline hotel into its portfolio across the UK. This deal will establish an important presence for voco in the UK with a number of these properties converting to the new brand in the coming months.
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