Hyatt Hotels, which could set up only five hotels in the last 30 years in India, has announced plans to add 30 hotels in the next five years.
Apart from key markets of Mumbai, Delhi, Kolkota and Goa, the group is targeting 15 new markets to meet growing demand, its president & Chief Executive Officer Mark Hoplamazian told Hindustan Times.
Three hotels would open in 2010 at Pune, Chennai and Goa while others are at different stages of development, he said.
“We are extremely bullish on India. Approximately a quarter of Hyatt’s global pipeline of more than 120 properties are already earmarked for India,” he said.
Hyatt has chosen India as the first location outside the US to launch its upscale Hyatt Place, at six locations; its luxury Park Hyatt will come up in Mumbai in 2014. Hyatt is also looking at investing in hotels projects here, but the CEO did not quantify the amount of investment.