What's Happening?
IHG Hotels & Resorts has announced plans to open a new 179-room InterContinental hotel in Port Moresby, Papua New Guinea, by late 2028. This development is part of a partnership with Gulf Province Properties Limited and will be located near key government and diplomatic sites. The hotel will feature various amenities, including dining options, meeting spaces, and a fitness center. This expansion strengthens IHG's presence in Papua New Guinea, where it already operates several hotels.
Why It's Important?
The introduction of a luxury hotel brand like InterContinental in Port Moresby signifies confidence in the region's economic growth and potential for increased tourism and business travel. This development aligns with Papua New Guinea's broader economic strategies,
including investments in LNG and the launch of its first NRL team. The hotel is expected to cater to international guests, business travelers, and dignitaries, enhancing the city's status as a regional hub.
