InterContinental to set up 150 hotels in India

Media reports say that InterContinental Hotels Group (IHG) has a target to set up 150 hotels in India in the next 10-years. The firm will concentrate on Tier-II cities in the country to set up its units. Most of them would be in the mid-scale business hotels category, the company said. IHG has opted India and seeing a huge potential in the country among all the emerging global markets. Especially after seeing hotel market flattening out in China, after the initial boom, the company is betting big on India.