InterContinental combines Latin American and Caribbean regions in cost-cutting move
InterContinental Hotels Group (IHG) has combined its Latin American and Caribbean regions under the leadership of Alvaro Diago, in its latest cost-saving manoeuvre.
Diago, who was previously area president for Latin America, is now chief operating officer for Latin America and the Caribbean, will have responsibility for all IHG hotels in the Caribbean- located in Jamaica, Aruba, Dominican Republic, Puerto Rico and Trinidad and Tobago.
Diago will also be looking to increase IHG's presence throughout the Caribbean with a particular focus on resort properties.
Jim Abrahamson, president of Americas for IHG, said: "He has a long track record of positive relationships with owning companies across all of our brands, and we look forward to him and his team maximising opportunities for growth throughout the Caribbean as well."
The news follows the shock departure earlier this year of IHG's Asia Pacific chief executive Peter Gowers, who quit the company as part of a "broader cost saving programme".
He was appointed in controversial circumstances in July 2007, replacing Patrick Imbardelli who had resigned two months previously after admitting to "inconsistencies" on his CV.
IHG said its Asia Pacific organisation is being restructured and streamlined "while giving greater focus to individual parts of the region".
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By Gemma Sharkey
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