14 new Hyatt hotels to open, adding approximately 2,100 new guestrooms during the next 24 months
Hyatt Hotels Corporation (NYSE: H) today announced that 2019 will mark record growth for Hyatt in India. Expansion plans foresee the addition of over 2,100 guestrooms through the opening of more than 14 new properties over the next 24 months. Aside from growth in the larger capital cities, the emphasis will be on leisure and cultural destinations, with a focus on emerging cities within India.
As a result of an increasingly favorable business climate and heightened tourism spend, encouraged by relaxed visa rules and a growing upper middle class, there is a general demand for growth in the hospitality industry in India. This expansion includes hotels in eight new markets in the country, thereby establishing Hyatt’s brand presence across 27 cities in India over the next 24 months.
“Hyatt is one of the longest-running international hotel management brands in India, the first Hyatt hotels in India opened over 30 years ago,” said Dhruva Rathore, vice president development-India, Hyatt. “Our heritage and experience in this complex market, paired with the strong relationships we hold with local developers and owners has helped make India one of the top three growth markets for Hyatt globally.”
This year’s expansion began with the introduction of the Hyatt Centric brand through the opening of Hyatt Centric Candolim Goa. Continue reading “Hyatt’s Presence in India to Expand from 19 Cities to 27 Cities by 2020”