Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
Hyatt Hotels is looking to significantly expand its presence in India over the next two years. The US-based hospitality company plans to open seven new hotels across the country by 2024, adding about 1,115 new rooms under its various brands. This planned expansion is part of Hyatt's goal to grow its portfolio in Southwest Asia to more than 55 hotels by 2024.
Of the planned expansion, the Hyatt Regency brand has slated openings of Hyatt Regency Kasauli and Hyatt Regency Ghaziabad, while the Hyatt Place brand is expected to enter three new locations - Aurangabad, Haridwar and Dhaka (Bangladesh). Hyatt Centric will expand its portfolio with expected openings in Hebbal, Bengaluru and Ballygunge, Kolkata.
Hyatt has seen strong performance in India recently. In 2023, RevPAR (revenue per available room) grew 33% year-over-year driven by occupancy gains and higher average daily rates. The company's leisure and wedding segment witnessed 50% annual growth last year as well.
According to Sunjae Sharma, Hyatt's managing director for India and Southwest Asia, this growth has been fueled by shifting consumer mindsets, particularly among Gen Z and millennials who are traveling more post-pandemic. He notes that improved connectivity has boosted domestic tourism in India.
To capitalize on the rise in domestic travel, Hyatt introduced its JdV brand in India earlier this year. It now has nine brands locally including Andaz, Alila, Park Hyatt, Grand Hyatt and others. In 2023 alone, Hyatt expanded its footprint in India with new hotels in Bodh Gaya, Vijaywada, Goa and Dehradun.
Looking ahead, Hyatt plans to debut its Unbound Collection in India in 2025, renovating the historic Noor-Us-Sabah palace in Bhopal. India represents one of Hyatt's largest markets globally after the US and China. The company aims for a balanced portfolio focused on luxury, loyalty, leisure, lifestyle and wellness segments.
Sharma emphasized Hyatt's focus on exceptional service and experiences to become the preferred brand. This strategic focus on quality experiences over quantity aligns with Hyatt's commitment to customer satisfaction. Robust growth has been fueled by experiential packages covering culinary experiences, spas, sports and more. Hyatt�s loyalty programme, which currently has more than 1.5 million members from India, has seen a strong double-digit growth in new memberships since 2021.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy