Hyatt expects to grow its Indian brand portfolio by more than 70 per cent through 2023, across the Hyatt Regency and Hyatt Place brands.
Hyatt Hotels Corporation has announced plans to grow its footprint in India by over 70 per cent by 2023. It will add over 3,600 keys to its existing portfolio of 32 Hyatt-branded hotels across eight distinct brands in the country, including Andaz, Alila, Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Centric and Hyatt Place. The Indian market is one of the hospitality brand’s top three growth markets globally. With this initiative, Hyatt expects to expand in India from 20 executed managed and franchised properties to 50 Hyatt-branded hotels by 2023.
“Hyatt’s pipeline in India reflects a thoughtful growth strategy by expanding into new markets and leisure destinations that are relevant to our guests and customers. We are also focused on expanding our independent collection portfolio by teaming up with owners and developers who are eager to leverage our global distribution network and World of Hyatt loyalty program,” says Dhruva Rathore, Hyatt’s Vice President – Real Estate & Development, India.
The hospitality brand plans to expand its Hyatt Regency and Hyatt Place banners in 2021. Hyatt Regency, which continues to drive its growth in India, will enter two new markets with Hyatt Regency Jaipur Mansoravar and Hyatt Regency Trivandrum. Hyatt Place will enter four new markets with Hyatt Place Bodh Gaya, Hyatt Place Jaipur Malviya Nagar, Hyatt Place Vadodara and Hyatt Place Bharuch. Hyatt is expected to have 20 hotels under these portfolios by 2023.
“India remains a growth driver, and we are committed to catering to the Indian traveller with a comprehensive portfolio of hotels,” says Sunjae Sharma, Hyatt’s Vice President & Country Head, India. “Despite the challenges the industry faced last year, Hyatt signed eight new hotels across various brands that will cater to the needs of both leisure and business travelers.”
Representatives have said that Hyatt’s presence in India will offer a balanced portfolio designed to provide unique and engaging guest experiences, coupled with a deep understanding of the local and global hospitality standards. In the coming months, through 2023, the brand is expected to add one property each in Jaipur and Gurgaon under its Grand Hyatt banner, which caters to luxury travellers. It will also introduce three properties-Hyatt Centric Sector 17 Chandigarh, Hyatt Centric Lonavala and Hyatt Centric Electronic City Bangalore-under its younger, experience-focussed brand Hyatt Centric.