The world’s biggest hotel chains are increasing their investments in India, anticipating a rise in travel demand due to the country’s growing affluence. Companies like Marriott International and Hilton Worldwide have announced extensive expansion plans in India, recognizing the potential as it is on track to becoming the world’s third-largest economy by 2027. With hotel daily rates on the rise and a projected increase in premium supply, India is seen as a lucrative market for hotel development.
Marriott International plans to open a dozen hotels in India this year and aims to have 250 hotels in the country by 2025. Hilton Worldwide is also looking to expand its footprint in India, with a goal to double its current number of 26 hotels within the next few years. Paris-based Accor has been focusing on India, signing multiple hotel development deals and planning to add 30 operating hotels by 2030. Hyatt, on the other hand, has identified India as its fourth largest revenue-generating market and intends to double the number of its properties within five years.
InterContinental Hotels Group (IHG) has 46 hotels in India and plans to open 49 more in the coming years. Wyndham Hotels & Resorts is set to add 7 hotels in India this year, with a focus on their Ramada and Days Inn brands. The hotel industry is projecting strong growth in revenue per available room, with a significant rise in the number of Indian members in loyalty programs. With a positive outlook on India’s economy and travel potential, these major hotel groups are making substantial investments in the country.
Overall, the hotel industry in India is experiencing heightened interest from global hotel chains, driven by the country’s economic growth and potential for increased travel demand. With rising hotel daily rates and a projected growth in premium supply, India is seen as a lucrative market for hotel development. Major players like Marriott International, Hilton Worldwide, Accor, Hyatt, IHG, and Wyndham Hotels & Resorts are all focused on expanding their presence in India, with ambitious plans for growth and development in the country. India’s position as a key market for the hotel industry is expected to continue growing in the coming years.
