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How is the relaunch of Holiday Inn and Holiday Inn Express progressing?

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How is the relaunch of Holiday Inn and Holiday Inn Express progressing?

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More than 800 properties globally and 700 in the Americas have completed the relaunch. While were just a quarter to a third of the way through the system, 700 relaunched hotels is larger than most chains. Most hotels can finance it out of cash flow, so were seeing quick payback in terms of market share growth and dollar improvement. What is the status other product upgrade projects? In the Holiday Inn system we have nearly 300 hotels under a major renovation and they are continuing to progress. We work with franchisees that have major PIPs to provide them with extra time to get them accomplished if needed. We dont manage a system; we manage individual owners and operators so every situation is unique. The other area were focusing on is Crowne Plaza. Out of the 193 hotels in the system, about 30 of them just completed a major PIP and another 60 will be done by the end of the year. In the pipeline we have about 100 globally, including 40 in the Americas. We have new hotels coming into th

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