Hyatt Hotels, which operates in the mid-to-luxury segment, are betting big on India. One in every four new hotels that Hyatt is going to open globally will be in India.
Even though in its 30-year stint, it has 17 hotels so far, plans are afoot to launch 50 more under the Hyatt banner in the next five years. Three of them - Hyatt Raipur, Hyatt Regency Ludhiana and business hotel Hyatt Place Pune - will open this year. This is more than its pipeline for China, which stands at under 40.
Hyatt's global plan is to open 175 properties. Hyatt being a little under a tenth (with 535 properties) of the size of a hotel behemoth like Intercontinental Hotels Group (with more than 4,600 properties), India could provide it with accelerated growth, disproportionate to the other players.
The company's board was camping in India recently, including Thomas Pritzker, executive chairman of the Board of Directors, for the first time.
The company is going all out with plans to operate all of its seven sub-brands, including ones largely restricted to developed markets.
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