The ongoing slowdown is not a deterrent for hospitality majors to pursue their expansion plans in India.
Leading players, Marriott International, Global Hyatt Corporation and Carlson Hotels Worldwide, are going ahead with their plans to set up 80 hotels across India by 2013.
Global Hyatt Corp, having six operational properties, will add 20 new hotels, including its new upper mid-segment brand, Hyatt Place. “During the past year, we have completed more hotel transactions in India than at any other time in our 25-year history,” said Steve Haggerty, global head of real estate and development, Global Hyatt Corp.
The company said it would grow its Hyatt Place hotels over the next 10 years and six of them will be launched by 2011 in a joint venture with Emaar MGF.
Singapore-based Carlson Hotels said it would add more than 50 properties with 6,000 rooms to its India portfolio by 2011. “Carlson is the largest international hotel operator in India,” said KB Kachru, executive vice president, South-Asia, Carlson Hotels Worldwide. “We want to grow through long-term strategic partnerships.”
Marriott International will open seven new hotels this year. Ed Fuller, president & managing director of international lodging, said the chain would go ahead with its plans to add 14 hotels by 2012. “Despite the global slowdown and pockets of political unrest, India’s tourism sector continues to demonstrate encouraging resilience,” Fuller said.