Hotel brands to add 94,000 keys in India by '29
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Data shared by hospitality consultancy Hotelivate showed that at the start of November, about 94,000 branded hotel rooms across segments were to be added by 2028-29. The inventory of existing branded hotel rooms, as per Hotelivate, stands at 192,000.
“Since March and August, the branded inventory that opened is up by about 12,000 rooms, and the new supply pipeline is up by another 5,500 rooms, respectively,” Manav Thadani, founder chairman of Hotelivate, told ET.
As per data gathered by ET from top hotel chains, Tata Group-backed Indian Hotels Company (IHCL) has the maximum number of rooms (17,354) set to open in the next three to four years.
On Tuesday, IHCL announced its new ACCELERATE 2030 strategy, under which it plans to increase its current portfolio of hotels to more than 700 by 2030, from 350 now, besides reaching an enterprise revenue mark of over Rs 30,000 crore from the current Rs 13,000 crore.
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