Hyatt has planned an expansion this year with the aim of opening hotels in Tier II & III markets in India. According to Shrikant Wakharkar, Area Vice President, North and General Manager, Hyatt Regency Delhi, the brand is on expansion spree this year, with plans to open about 8 hotels in Tier II & Tier III markets in India, following the opening of 10 hotels last year. “These openings include large-format hotels like the Grand Hyatt Gurgaon and the Hyatt Regency in Trivandrum. The hotel chain is also looking to expand its footprint in Bangladesh next year,” said Wakharkar.
Last year, the domestic movement within India was significant, and Srikant expressed that it was great to see a bounce back of sorts. “This year, there is a revival of international movement as well, especially with the G20 summit happening in India, which is good for the industry. There is movement happening across India where several G20 summits will take place,” said Wakharkar.