Talking about India, you have 46 hotels in the country right now. What are the current expansion plans here?
Mattar: We have a significant pipeline in India. We are going to double that number in the next three-five years. I think what is interesting is our luxury brand, in addition to InterContinental, Vignette Collection is going to make its way to India. Also, more Voco hotels (one of the brands of IHG) are in the pipeline, but the majority would be the Holiday Inn and Holiday Inn Express. We are also launching a new brand called Garner, a soft conversion brand in the budget-friendly segment.
What is driving this expansion plan in India?
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