Development
Primary
Mar 22
IHG just signed another Hotel Indigo in Phuket with a 2030 opening, and the pipeline numbers tell a story the press release conveniently skips... over 2,000 new rooms hitting that island in the next three years while occupancy is already softening.
IHG signs a 170-key Hotel Indigo in Phuket with a residential developer who's never operated a hotel, and the press release reads like a vacation brochure. Let's talk about what's actually happening here.
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