Calcutta, Oct. 17: American hospitality major Hyatt remains bullish on its outlook for India as it plans to expand its portfolio to 27 properties by the end of this financial year.
Hyatt - which has new properties in the pipeline in Delhi, Kochi and Hyderabad - is looking to introduce its sixth brand, Andaz, in India.
"The hospitality industry in India has a lot of potential and hoteliers will look beyond the metro cities. There is a visible rise in demand from the fast rising middle class segment in the country because of the growing disposable income. So, the tier 2 and 3 markets are fast emerging as next destinations for corporate, leisure and experience-seeking travellers. These markets have typically remained underserved," said Kurt Straub, vice-president operations (India), Hyatt Hotels and Resorts.
"We expect to expand into several markets in India. Andaz Delhi will be our 25th property in the country and it is slated to launch in the fourth quarter of 2016 in Aerocity. Andaz is our sixth brand besides Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt and Hyatt Place," Straub said.
"We plan to open Grand Hyatt in Kochi in 2017 and we also intend to launch Hyatt Place in Hyderebad. The Hyatt Place brand is becoming popular as it offers a stylish, comfortable and cost-effective option for business travellers," he said.
Hyatt started its operation in the country in 1983 with Hyatt Regency Delhi. During the 34 years of its presence in India, the hospitality major has set up 24 hotels with a capacity of more than 6,000 rooms across 15 cities, including Calcutta.
Earlier this year, Hyatt started operating a 211-room hotel at Chandigarh. With the new hotels in the pipeline, the room count is expected to go up by 800 rooms.
Resource: http://www.telegraphindia.com/
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