IATA has requested the government to not take this step because they feel that it would be damaging to the aviation sector’s recovery efforts
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With the pandemic setting new trends like holiday homes and leisure outings, Hyatt believes that this is the right time for major hospitality chains in India to expand their brand footprints across the country.
Hyatt seems to be taking the lead and has announced plans to open over 20 hotels in the next three years in tier two towns and cities of India.
Tier two cities and towns have transformed into leisure getaway destinations for the urban, metro city crowd. Hyatt plans to bridge the key gaps in the secondary and tertiary markets by making a significant expansion across places like Chandigarh, Kasauli, Udaipur, etc. The availability of small properties in these cities and towns with favorable buy-outs and land acquisitions ideally supports their expansion rationale.
Hyatt currently owns 32 properties in India and plans on getting over 50 hotels, thus pushing their growth by more than 70% in just three years. Their hospitality firm in the country is spread across eight brands - Park Hyatt, Grand Hyatt, Hyatt Place, Hyatt, Andaz, Hyatt Centric, Alila, and Hyatt Regency. Some of the new properties acquired by Hyatt in the future will be managed by them while the others will be subject to a franchise agreement with brand licensing. In the next two years, Hyatt plans to open three new Hyatt Centric hotels by rebranding the Piccadilly hotels.
Hyatt also intends on a premium upscaling of their hotels in Bengaluru and Chandigarh to 150-200 keys.
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