May 25, 2019- Hyatt Hotels Corporation has ambitious plans to seek to dominate the Indian hotel sector!
Set to open hotels in 27 new cities by 2020, with 14 new Hyatt opening in the next 24 months this rapid and aggressive market penetration strategy will surely make incumbent operators and other MNE stand up and take note!
According to the company, 2019 will mark a record growth for Hyatt in India, “Aside from growth in the larger capital cities, the emphasis will be on leisure and cultural destinations, with a focus on emerging cities within India.”
Talking about the Indian market, Sunjae Sharma, vice president operations-India, Hyatt said, “For Hyatt, India has high growth potential and remains a market where we can expand our brand representation. Being focused on intentional growth gives us a unique edge as Hyatt can differentiate by having the right assets in its portfolio,”