Newly Opened Holiday Inn Vista Shanghai Achieves Record 64% Occupancy & Positive Net Operating Profit In Its First Month

Within three weeks of its opening, InterContinental Hotels Group's fifth hotel in Shanghai, Holiday Inn Vista Shanghai achieved an impressive record of 64.3% occupancy rate and a positive net operating profit. The new hotel, which opened on 11 August 2003, is also the latest addition to the Group's China portfolio of 41 hotels and resorts (inclusive of Holiday Inn Vista Shanghai). This new hotel reaffirms the Group's brand leadership in China.

InterContinental Hotels Group's Edmond Ip, Chief Operating Officer, North Asia said, "We are encouraged by the remarkable occupancy figures so soon after the opening and we are confident of the hotel's sustained popularity with travellers. Both business and leisure travellers have come to associate great value and great accommodation with the Holiday Inn brand and we will continue to strive to exceed the expectations of our guests."

Holiday Inn Vista Shanghai is owned by Anhui Gujing Group Co Ltd., a well-known domestic brewery in China. Said Mr. Wang Xiaojin, Chairman of Anhui Gujing Group Co Ltd, "I am very pleased about the opening of Holiday Inn Vista Shanghai. This is the Anhui Gujing Group's first hotel investment in Shanghai and an important addition to our portfolio of properties. We are also honoured to be working with the InterContinental Hotels Group. We are confident that the partnership will benefit not only both our organisations, but also our customers as well."

The Holiday Inn Vista Shanghai is strategically located at Chang Shou Road, at the intersection of Jin An, Chang Ning and Pu Tuo Districts. It is only 10 minutes away from the city centre, 20 minutes from the Hong Qiao Airport and 10 minutes from the Shanghai Railway Station. The hotel is conveniently located for guests to conduct business, visit key tourist attractions or go shopping.

Holiday Inn Vista Shanghai has two Executive Floors, 290 guestrooms and 60 suites, and was designed with the needs and tastes of the modern traveller in mind. The furnishings are stylish and modern and the hotel offers a host of superb guest services. Rooms are equipped with broadband access, voice mail systems and satellite TV channels. Cordless phones are provided in the suites and wireless broadband Internet access is available in the Executive club rooms and hotel public areas, including restaurants and meeting rooms.

The hotel also has a wide array of food and beverage options. The Wen Xuan Chinese restaurant, with its seven private dining rooms, has a delectable spread of Cantonese and Shanghainese fare. The Jing Lounge offers panoramic views and is an ideal meeting place for cocktails or a light snack, around the clock. The Inn Place Café, serving both Western & Asia cuisines, has a wide selection of buffet and a-la-carte offerings. In summer, the garden terrace gives guests the option of "al fresco" dining and the Chat Chat Bar is an intimate, private and relaxing spot to get together with friends.

The hotel also has a Virtual Golf simulator where guests have the opportunity to play at the world's finest golf courses without ever leaving the hotel. In addition, the hotel's rooftop boasts a health club, swimming pool, jacuzzi, steam bath, sauna and gym.

Holiday Inn Vista Shanghai is also an ideal venue for meetings and events. The hotel has versatile and stylish function rooms including a ballroom, six breakout rooms and a VIP lounge. These function rooms can accommodate all types of meetings, seminars, banquets and social functions.

Guests staying at Holiday Inn Vista Shanghai will have the opportunity to appreciate the quality service and amenities that is associated with the Holiday Inn brand. These include the friendly, genuine and professional staff with a Positive Can-Do Service; high quality and comfortable beds and bedding with pillow choices and duvets to induce A Great Night's Sleep; ergonomic rooms with proper lighting for relaxing and reading, and soothing aromatherapy treatment to create A Great Room Experience; quality bathroom amenities that include fluffy towels and shower heads with a massage function to provide A Refreshing Bathroom Experience; and the Ease of Checking In and Checking Out while having a leisurely breakfast.