Hyatt announces significant growth plans for Indian market | Global Franchise
Global Franchise

Wednesday 10th August, 2022

Search Stay in the loop Sign in Join Global Franchise Pro
Logged out article
Hyatt announces significant growth plans for Indian market

News

Hyatt announces significant growth plans for Indian market

India is one of the brand’s top three growth markets globally, and it will substantially increase its footprint in the country in the coming years

India is one of the brand’s top three growth markets globally, and it will substantially increase its footprint in the country in the coming years.

Hyatt Hotels Corporation has announced plans to expand its footprint in India by more than 70 per cent – equating to more than 50 locations – by 2023.

Hyatt has signed over 20 managed and franchised agreements for the country, adding more than 3,600 keys to its existing Indian portfolio of 32 Hyatt-branded hotels across eight unique Hyatt brands in the country, including Andaz, Alila, and Park Hyatt.

“Hyatt remains focused on thoughtfully accelerating its brand growth and momentum by transforming the hotel landscape in India with planned openings in some of the most frequented and desirable destinations in the country,” said Dhruva Rathore, Hyatt’s vice president real estate and development, India.

“Hyatt’s pipeline in India reflects a thoughtful growth strategy by expanding into new markets and leisure destinations that are relevant to our guests and customers. We are thrilled to collaborate with a number of new and existing owners to bring these exciting projects to fruition.

“We are also focused on expanding our independent collection portfolio by teaming up with owners and developers who are eager to leverage our global distribution network and World of Hyatt loyalty program.”

This year, Hyatt is looking to primarily bolster its Hyatt Regency and Hyatt Place brands, with Hyatt Regency entering two new markets with Hyatt Regency Jaipur Mansoravar and Hyatt Regency Trivandrum.

Hyatt Place, meanwhile, will enter four new markets in 2021, with the opening of Hyatt Place Bodh Gaya, Hyatt Place Jaipur Malviya Nagar, Hyatt Place Vadodara, and Hyatt Place Bharuch.

“India remains a growth driver for Hyatt, and we are committed to catering to the Indian traveler with a comprehensive portfolio of hotels,” said Sunjae Sharma, Hyatt’s vice president and country head, India.

“Despite the challenges the industry faced last year, Hyatt signed eight new hotels across various brands that will cater to the needs of both leisure and business travelers. The growth of the Hyatt Place and Hyatt Regency brands remain a key priority for India, with nearly 20 hotels under these brands expected to open across India by 2023.”

Start making informed business decisions. Join Global Franchise Pro for free today.

Latest trends and investment opportunities

Unlimited access to industry news and insight

Exclusive market reports and expert interviews