Hyatt Hotels Corporation aims to reach a milestone of 100 hotels in India in the next 5-6 years

Global hospitality giant Hyatt Hotels Corporation is confident of nearly doubling its properties in India to 100 hotels over the next five to six years to capture opportunities in one of its key global growth markets, a senior company official said.

The company is also actively exploring opportunities to introduce additional global brands from Hyatt’s portfolio in India, said Sunjae Sharma, Managing Director of Hyatt Hotels Corporation, India and Southwest Asia. PTI in an email interview.

“We are excited about our expansion plans in India. With our strong pipeline and strategic growth initiatives, we are confident that we will achieve the milestone of 100 hotels within the next 5-6 years,” he said.

• Also read: Hyatt Hotels is seeing double-digit growth in India and sees new markets for growth

Sharma said: “This ambitious target is driven by India’s booming travel and hospitality industry, the growing demand for premium hospitality and the strong bond our brand has with discerning travellers.”

He was responding to a question on how many properties and rooms the company plans to have in India in the next five years.

Currently, Hyatt Hotels has 52 hotels in Southwest Asia (50 in India and two in Nepal), across nine different brands, and has already crossed the 10,000 key milestone.

“We have the third largest portfolio for Hyatt outside of the Americas and China. This underlines our commitment to meeting the growing demand for premium hospitality in the region. Our portfolio will continue to expand with legacy brands, such as Hyatt Regency, Hyatt Place and Hyatt Centric and introducing new brands,” said Sharma.

Talking about the company’s plans to bring other global brands to India, he said, “We are actively exploring opportunities to introduce additional global brands from Hyatt’s portfolio in India.”

Recently, Hyatt launched the ‘Grand Showroom’ at the Grand Hyatt Mumbai.

It marks a crucial step in enhancing the company’s business presence in India, Sharma said, adding that “the Grand Showroom addresses the growing demand for hyper-personalized experiences… Overall, the Grand Showroom does not emphasize only Hyatt’s diverse offering, but also reaffirms our commitment to delivering exceptional hospitality experiences in India.”

Elaborating on the company’s near-term expansion, Sharma said, “The Hyatt Regency brand, which is a key growth driver for Hyatt in the region, will enter a new destination with the planned openings of Hyatt Regency Kasauli and Hyatt Regency Ghaziabad.”

The Hyatt Place brand has entered two new locations in the region with Hyatt Place Aurangabad and Hyatt Place Haridwar and is expected to open in a new country soon with Hyatt Place Dhaka Uttara (Bangladesh), he added.

“We are also looking at destinations like Bhopal, where we are launching another new brand, The Unbound Collection, in 2025,” said Sharma.

In 2024, Hyatt Hotels announced a pipeline of eight new hotels, with nearly 1,200 keys expected to open in various leisure and urban destinations by late 2024 and early 2025.

Speaking about the potential of the Indian market, he said: “India is among Hyatt Hotels’ key global growth markets, and we see enormous potential for further expansion in this region.”

Over the next five years, he adds: “We aim to further strengthen our presence, driven by a focused strategy focused on loyalty, luxury, leisure, lifestyle and wellbeing (LLLLW). This approach is in line with the evolving preferences of our target group. and underlines our commitment to meeting their needs across segments.”

With continued growth in domestic and international tourism and robust demand for luxury and wellness experiences, Sharma said, “We are confident that India will continue to rise in the rankings of our global markets.”