InterContinental hotel suspends activities in Russia| MENAFN.COM

Wednesday, 10 August 2022 08:58 GMT

InterContinental hotel suspends activities in Russia


(MENAFN) UK-based IHG (InterContinental Hotels Group), which have brands as well as Holiday Inn, Crowne Plaza and HUALUXE, is stopping all services in Russia.

IHG said the decision in a declaration issued on the firm's website on Monday.

“We are now in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there.

As we do this, we continue to remain focused on supporting our teams in Russia and in Ukraine, in line with our commitment to care for our people and the communities in which we operate,” in line with the report.

Before Monday’s statement, IHG already stated the pause of future investments, improvement activity and new hotel openings in Russia and closed its Moscow office 3 months ago.

MENAFN29062022000045012476ID1104451933


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.