October 28, 2010 // Franchising.com // LAS VEGAS - IHG (InterContinental Hotels Group), the world's largest hotel group by number of rooms, with the endorsement of its owners' association, the IAHI, today announced the launch of InnSupply by IHG, a new innovative procurement program that capitalizes on the collective buying power of the IHG system and leverages cross-industry vendors to increase economies of scale for its owners. The new voluntary program will be available to IHG owners January 3, 2011.
InnSupply streamlines the procurement process and cuts costs while maintaining the integrity and standards of each brand in the IHG portfolio. Owners in the IHG system participating in the program will have access to the InnSupply web portal that offers catalogue browsing, ordering, tracking, invoice processing and key features offered in a state-of-the-art Purchase to Pay (P2P) solution. It will also allow them to visualize aggregate spend and purchasing data through a variety of reporting and analysis tools providing flexible and actionable information. With this easy-to-use one-stop-shop portal, owners are able to indentify purchasing trends, spending habits and order histories that will help them streamline budget plans.
"We know that we have a great opportunity given our scale and together with the collaboration of our tremendous owners' association, the IAHI, this new procurement program will help us further leverage our buying power," said Jim Abrahamson, president, the Americas, IHG. "We have a large powerful system and InnSupply will allow our owners to make procurement decisions that will deliver higher margins by obtaining quality products at highly competitive prices to ensure an experience our guests will love."
The InnSupply program includes products for food & beverage, room operations, administration and engineering, all needed for operating and maintaining a hotel. The new program is flexible so IHG can broaden the scope of products available to owners over time at a savings to them.
"IAHI members have asked many times for a purchasing solution that leverages the scale and buying power of IHG," said Bill DeForrest, incoming IAHI Chairman and Chairman of the IAHI Operations Committee. "With the launch of InnSupply, we are meeting that demand in a way that delivers value and accountability. This is truly a noteworthy outcome of the collaborative relationship that IAHI and IHG have built."
The program is being officially introduced to owners at the IHG Americas Owners & Investors Conference in Las Vegas. InnSupply is currently available to owners in the U.S. and Canada for all seven brands in the IHG portfolio - InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites®.
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms. IHG franchises, leases, manages or owns, through various subsidiaries, over 4,500 hotels and more than 650,000 guest rooms in 100 countries and territories around the world. The Group owns a portfolio of well recognized and respected hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites® and also manages the world's largest hotel loyalty program, Priority Club® Rewards with 52 million members worldwide.
IHG has over 1,300 hotels in its development pipeline, which will create 160,000 jobs worldwide over the next few years.
InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.
IHG offers information and online reservations for all its hotel brands at www.ihg.com information for the Priority Club Rewards program at www.priorityclub.com. For the latest news from IHG, visit our online Press Office at www.ihg.com/media