President ( DPR, TEV. LIE, ASM, ESG, Project Finance) at Atlas Financial Research and Consulting Pvt ltd, & Past Hon. Secretary at Hyderabad Management Association ( LMA of AIMA)
Interesting !!!! India’s hospitality sector is undergoing a transformative expansion, with 94,000 new branded hotel rooms expected to be added by 2028-29, according to data from Hotelivate. This represents a staggering 50% growth over the current inventory of 192,000 rooms.
India’s Hospitality Boom: 94,000 New Branded Hotel Rooms by 2029 🏨✨ India’s hospitality sector is undergoing a transformative expansion, with 94,000 new branded hotel rooms expected to be added by 2028-29, according to data from Hotelivate. This represents a staggering 50% growth over the current inventory of 192,000 rooms. Here’s how the key players are shaping this exciting growth story: • IHCL (Indian Hotels Company Limited): With its ACCELERATE 2030 strategy, IHCL aims to grow its portfolio from 350 to over 700 hotels by 2030, targeting enterprise revenues of ₹30,000 crore. • Marriott International: Plans to add 6,500 rooms across 40 hotels in the next five years, expanding its footprint beyond its existing 29,000 rooms in India. • Radisson Hotel Group: With 125 hotels currently operating, Radisson is extending its reach to tier 2 and 3 cities through a pipeline of 81 hotels (7,985 keys). • ITC Hotels: Focused on luxury and boutique experiences, ITC is expanding from 140 hotels (13,000 keys) to 200 hotels with 18,000 keys by 2030. • Lemon Tree Hotels: Adding 70 new hotels with 4,700 rooms in the next 4-5 years, addressing the growing demand for midscale and economy segments. • Hilton and Accor: These global chains are making bold moves, including Hilton’s partnership with Olive by Embassy to introduce 150 Spark by Hilton hotels and Accor’s signings in diverse locations like Jaipur, Varanasi, and Tirupati. What’s driving this growth? 1️⃣ Rising demand in tier 2 and 3 cities, fueled by growing domestic and international travel. 2️⃣ A focus on diversifying offerings across luxury, boutique, experiential, and economy segments. 3️⃣ India’s growing stature as a key market for global hospitality chains. This rapid expansion signifies a golden era for India’s hospitality industry, with unparalleled opportunities for employment, tourism, and economic growth. What’s your take on the future of hospitality in India? Will this momentum continue to grow? Let’s discuss in the comments below! #Hospitality #TravelIndustry #IndiaGrowth #IHCL #Marriott #Radisson #Hilton #Accor
