Hyatt plans to open 11 new hotels in India by 2020 end

Hyatt Hotels Corporation, a global hospitality firm, looking to open 11 new hotels across India by the end of 2020 as part of its expansion plans in country, a senior company official has said.

The Chicago-headquartered firm currently has 32 hotels across 20 destinations under its eight brands in India - Hyatt, Hyatt Centric, Hyatt Regency, Hyatt Place, Park Hyatt, Grand Hyatt, Alila and Andaz.

"We plan to open 11 new hotels across the country by end of 2020 as India is a very important growth market for us," Hyatt, Vice President- India operations, Mr Sunjae Sharma said. He added that Hyatt is one of the first international hotel management brands in India which entered the market over 35 years ago with the first hotel under the Hyatt Regency brand in Delhi in 1982.

"The new hotels will be under our three brands -- Grand Hyatt, Hyatt Place and Hyatt Regency," Sharma said.

He further added, hotel which is sited in Gurugram will be under the Grand Hyatt brand and hotels in Vadodara, Jaipur and Bengaluru will come under Hyatt Place brand.

"The hotels at Thrissur, Kochi, Jaipur, Dehradun, Trivandrum and Udaipur will be under the Hyatt Regency brand," Sharma informed.

When asked if the company is also looking at acquisition for future growth, he replied if there is a merit in it then only the company is open to it.

On the business model, it follows in India and about plans in future, Sharma said, "We are mainly into management contract model, but we are also looking at franchise model with select partners in India. We follow the asset light model". He also stated that the company is looking for its expansion in tier II and tie III cities with suitable brands.

"India is a very important market for us. It is one of the top three global growth markets for the company after the US and China and there is a huge scope of growth here as the demand still exceeds the supply," Sharma said.

Company told, the goal of Hyatt India by 2020 is to reduce the water consumption per guest per night by 25 per cent to a 2006 baseline, and by 30 per cent in water-stressed areas.

Hyatt, which was founded in 1957 by Jay Pritzker, is currently present across 60 countries globally, with 18 brands and 875 hotels.
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