Hilton bullish on India, aims to triple its supply
Hilton portfolio, and the chain expects to achieve that same level of success in the India market in the coming years, Chris Silcock, president, global brands and commercial services at Hilton told ET in an interview.
Silcock said the chain is 'exceptionally' bullish on the sector and that is supported by its results.
«Last year was a record year for us in signings and we added more rooms to our portfolio on a global basis in Q4 than in any year in over 100 years of our history,» Silcock said. «We opened over 130 hotels in Q4 of 2023 and we now have a pipeline of over 3,000 hotels, and half a million rooms. So, on a global basis, we feel very bullish.» Hilton aims to have 75 trading and in-pipeline hotels in India by 2027. It operates 26 hotels in India and there are 20 more in the pipeline.
«And now when you come to India, that almost magnifies, because we do anticipate on a global basis, there will be some ups and downs as most mature markets experience macroeconomic uncertainties. In India, it feels like the momentum is so strong that despite the global economic conditions, growth will continue to accelerate. We see immense opportunity for hospitality broadly, but for Hilton especially,» he added.
«Our intent is to triple our current supply over the next few years. The number right now compared to the opportunity, these two things are completely different. The trajectory being in the right direction is more important for the long term,» he said.
Hilton has 7,626 properties globally spanning 1,197,329 rooms
