Global hospitality firm Hyatt Hotels Corporation is looking to open 11 new hotels across India by the end of 2020 as part of its expansion plans in the country, a senior company official has said. The Chicago-headquartered firm currently has 32 hotels across 20 destinations under its eight brands in India.
The eight brands under the Hyatt portfolio- Hyatt, Hyatt Regency, Hyatt Place, Park Hyatt, Grand Hyatt, Alila and Andaz- the company is also said to be open for acquisitions for future growth if there is merit in it. Sunjae Sharma, Vice President of Hyatt India Operations said “We plan to open 11 new hotels across the country by the end of 2020 as India is a very important growth market for us. The new hotels will be under our three brands- Grand Hyatt, Hyatt Place and Hyatt Regency. While the hotel at Gurugram will be under the Grand Hyatt brand, the hotels at Vadodara, Jaipur and Bengaluru will be under the Hyatt Place brand. The hotels at Thrissur, Kochi, Jaipur, Dehradun, Trivandrum and Udaipur will be under the Hyatt Regency Brand”.
35 years after opening the first Hyatt hotel in India, the country is third in our global pipeline – only trailing the U.S. and China. Check out Hotelier India’s inspiring interview with „the understated genius,“ our VP of India Operations, @Sunjae_0110 https://t.co/P4ZoyjNOO0
— Mark Hoplamazian (@MarkHoplamazian) February 13, 2019
With the corporation looking to franchise the brand with selected partners in India, the company is also looking at expanding into tier II and tier III cities with suitable brands. Hyatt is one of the first international hotel management brands in India that have entered the market over 35 years ago has currently managed to hold 32 hotels across 20 destinations. Founded by Jay Pritzker in 1957, Hyatt is currently present globally across 60 countries with 18 brands and 875 hotels.
Further adding on Sharma states that “India is a very important market for us. It is one of the top three global growth markets for the company after the US and China and there is a huge scope of growth here as the demand still exceeds the supply”. Furthermore, Hyatt India also hopes to develop a sustainable model of operation to help reduce water consumption per guest per night by 25 per cent compared to a 2006 baseline of 30 per cent, the company added.