Hyatt eyes 50 hotels by year end, 100 in next five years
NEW DELHI : Hotel management company Hyatt Hotels, which operates brands like Hyatt Regency and Alila Diwa, is looking to expand its presence from the existing 43 properties to 50 by the end of the year, and up to 100 over the next five years, Sunjae Sharma, managing director, India and Southwest Asia, Hyatt India Consultancy Pvt. Ltd, said. Last year, the company opened nine hotel properties, and it will add 10 more to achieve its target of 10,000 rooms in India, he said.
Additionally, it manages two hotels in Nepal. In 2023, Hyatt launched the five-star boutique hotel brand, Hyatt Centric, in Uttarakhand’s Dehradun and Goa, besides an upscale business hotel, the Hyatt Place in Andhra Pradesh’s Vijayawada. It also plans a new hotel at Hebbal in Karnataka’s Bengaluru, and one in Haridwar, Uttarakhand.
As part of JdV by Hyatt brand, it will launch Ronil Goa and a property each in Kolkata (West Bengal), Bodh Gaya (Bihar) and Goa through 2023. Its plans for 2024 include three Hyatt Regency properties in Kasauli (Himachal Pradesh), Ghaziabad (Uttar Pradesh) and Kochi Malayattoor Resort in Kerala. “From a business standpoint, India has never seen this kind of growth, and we can see the power of domestic travel continuing.
While this year’s performance can be partly attributed to the G20 and other big events like the ICC Men’s Cricket World Cup, next year is likely to see an increase in international travel," he added. The company witnessed significant growth since 2019, with a projected half-yearly increase of 27% so far in 2023 compared to the corresponding pre-covid period, while leisure travel and wedding business grew by over 200%. “We have learnt from the pandemic that we need to look after our well-being.
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