The Hyatt Hotels & Resorts chain plan to launch 14 new properties in the next two years and this will total the rooms to 2,100. These new hotels in India will be set up in Kochi, Thrissur, Udaipur, Bengaluru, Gurgaon, Dharamshala, Jaipur and Vadodara.
A top executive said that the company will also explore the franchising opportunities apart from tapping tier 2, tier 3 cities and religious destinations for expansion in India. At present, the Hyatt group has 30 hotels with little more than 7,000 rooms.
Dhruva Rathore, VP, development, at Hyatt Hotels & Resorts India said that India is one of our top three global growth markets and the expansion will only gain momentum. Also, there are brand gaps in the primary markets and we would like to fulfill them. The company would also like to join the wave of urbanization and enter into the emerging business locations while expanding the footprint in leisure and cultural destinations. Also, the launch of 14 hotels will meet these parameters to an extent.
In the present year, Hyatt will launch the 442 keys Grand Hyatt Gurgaon, a Hyatt Regency resort with 100 keys in Kochi, first hill resort in Dharamshala with 89 keys. In the next year, the company will launch approximately 1,100 keys and will enter five new markets with two hotels in Jaipur totaling 367 keys, Dehradun (170 keys) Trivandrum (137 keys), Udaipur (115 keys) Vadodara (126 keys) and Bengaluru with 174 keys.
The Hyatt group will also close the deals in Rajkot, Surat and Vizag.
Rathore also said that the company will mark its entry into tier two cities like Thrissur, Trivandrum, Dehradun, and Vadodara in Gujarat. Also, on our list are the states that contribute to India’s economic growth. He also said that company’s first franchised hotel was Hyatt Regency Amritsar, and Dharamshala will be the second franchised hotel.
A recent study by JLL showed that the international hotel operators dominated signings over domestic operators in the last quarter of the previous year with the ratio of 57:43.