IHG to double hotels in India as it bets on country's growth

TOKYO -- IHG Hotels & Resorts will double its number of hotels in India to about 100 in the next few years, as the U.K.-based hotel chain bets on strong economic growth in the world's most populous country.

"We will double [the number of hotels] in India but I think it's going to go even more," said IHG's CEO Elie Maalouf in a recent interview with Nikkei Asia during a business trip to Asian countries including Japan, China and Singapore.