In this article IHG-GBIHG Follow your favorite stocks CREATE FREE ACCOUNTPent-up travel demand — which drove global travel recovery following the Covid-19 pandemic — is over, said Intercontinental Hotels Group CEO Elie Maalouf.
"So we're really past revenge travel — even in China."
The company's latest quarterly update showed travel demand remained strong during the close of the summer travel season.
Elie Maalouf CEO of Intercontinental Hotels GroupThe company currently operates more than 6,200 hotels worldwide and has another 1,978 in the pipeline.
"In the United States, there are about 9,000 hotels that we think are interested in joining a system.
Persons:
Elie Maalouf, Maalouf, We're, —, it's, IHG, Garner
Organizations:
Intercontinental Hotels, CNBC, Hotels, Resorts, Dubai —, Holiday
Locations:
China, Greater China, Beijing, Shanghai, Guangzhou, Shenzhen, Americas, Europe, Middle East, Africa, Asia, —, Spanish, Dubai, ., Southeast Asia, Central Asia, United States