Hyatt to widen India footprint with 24 new hotels over 3 years

‘Leisure segment occupancy back to near pre-COVID levels’

U.S.-headquartered Hyatt Hotel Corporation plans to add 24 new hotels in India over the next 36 months, taking the number of Hyatt-branded hotels in the country to more than 50, a senior company executive said. “I think we are at a very exciting stage in Hyatt’s evolution in India, and if you look at the next 36 months, we are poised to accelerate our growth by opening 24 hotels,” said Dhruva Rathore, VP, Real Estate and Development – India, Hyatt. He added that India remained a growth driver for Hyatt and with the planned expansion, the Indian brand portfolio would grow by more than 70% through 2023. Of this, six new hotels are set to open in 2021 under the Hyatt Regency and Hyatt Place brands. Hyatt, for which India is currently among the top three growth markets globally, currently has 7,000 rooms across its existing portfolio of 32 hotels across eight brands. These include Andaz, Alila, Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Centric and Hyatt Place brands. With the new hotels across 24 destinations including Vadodara, Thiruvananthapuram, Vijayawada, Jaipur, Bharuch, Dehradun, Bodh Gaya, Chandigarh, Ghaziabad, Bengaluru, Surat and Tirupati, the company will add about 3,600 rooms.