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InterContinental Hotels Group (IHG) said it is reorganizing and streamlining its Asia Pacific unit as part of its overall cost-reduction efforts.
The company said its operations in Greater China have now reached a sufficient scale -- 115 existing properties, with 127 more in the development pipeline -- that they will become a separate business unit under the leadership of Keith Barr, its Shanghai-based regional managing director. A second business unit comprising IHG's operations in Southern Asia, Japan, Korea and the Pacific, will be led by Jan Smits, a regional managing director based in Singapore.
With these changes, the company said Peter Gowers, currently ceo/Asia Pacific, will leave IHG on July 31.
"We have grown rapidly over the last few years and worked hard to align the business," IHG ceo Andrew Cosslett said in a statement. "This restructuring allows us to accelerate the program we have been working on to drive efficiency across the business."
Denham, U.K.-based IHG owns, manages, leases or franchises more than 4,200 hotels in nearly 100 countries and territories around the world under the brands InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels and Resorts, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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