Main Photo: The Park Hyatt Hyderabad
Date: March 2019
Name: Hyatt Centric, Hyatt Regency and other brands
No. of Keys: Plan to add 2,100 more rooms
Who: Hyatt Hotels Corp will accelerate expansion in India over the next two years, opening at least 14 new properties.
It plans to add more than 2,100 guestrooms with new hotels in major and second tier cities across the country.
It will enter eight new markets giving it a presence in a total of 27 cities within the next two years.
It began with the brand launch of Hyatt Centric in Goa and the Hyatt Regency brand will launch new hotels in Kochi, as well as the Hyatt Regency Dharamshala Resort, its first in the Himalayan region, and Hyatt Regency Thrissur.
Grand Hyatt Gurgaon will also open in the final quarter of 2019.
“For Hyatt, India has a 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,” said Sunjae Sharma, vice president operations-India, Hyatt.
“We look forward to collaborating with owners who want personal, flexible relationships and to stand out in a slightly overcrowded market. Most importantly, we want to be where our guests are travelling, and our growth strategy is in line with their preferred destinations.”
“Hyatt is one of the longest-running international hotel management brands in India, the first Hyatt hotels in India opened over 30 years ago,” said Dhruva Rathore, vice president development-India, Hyatt. “Our heritage and experience in this complex market, paired with the strong relationships we hold with local developers and owners has helped make India one of the top three growth markets for Hyatt globally.”
PLANNED OPENINGS IN 2019:
Hyatt Regency Kochi Malayattoor (Q2 2019)
Hyatt Regency Dharamshala Resort (Q3 2019)
Hyatt Regency Thrissur (Q3 2019)
Grand Hyatt Gurgaon (Q4 2019)
PLANNED OPENINGS IN 2020:
Hyatt Place Bangalore Urbana (Q3 2019)
Hyatt Regency Jaipur Mansarovar
Hyatt Regency Dehradun
Hyatt Place Vadodara
Hyatt Regency Trivandrum
Hyatt Place Jaipur Malviya Nagar
Hyatt Regency Udaipur
Business Partners: The first three Hyatts in India – Hyatt Regency Kolkota, Delhi and Mumbai were owned by a single entity when they opened in the mid-1980s, who split into three companies Asian Hotels East, West & North – who own one hotel a piece. We are unsure as to who the new financial partners for these ten plus hotels.
This year’s expansion began with the introduction of the Hyatt Centric brand through the opening of Hyatt Centric Candolim Goa. New to the Hyatt portfolio as part of the Two Roads Hospitality acquisition in November 2018, the Alila brand also added two new properties in India, located in Diwa Goa and Fort Bishangarh.
Later in the year, Hyatt plans to expand its brand footprint in Kerala with the opening of Hyatt Regency Kochi Malayattoor, a resort property on the banks of the Periyar river, and Hyatt Regency Thrissur, providing travellers with the first premium hotel in Thrissur.
Hyatt also plans to add its first resort in The Himalayas with the anticipated opening of Hyatt Regency Dharamshala Resort in the second half of 2019.
Gurgaon will also be in focus in later 2019, with the scheduled opening of Grand Hyatt Gurgaon. These hotels will add over 1,000 guestrooms to Hyatt’s existing offering in India and will establish its brand presence in four new markets.
THPT Comment: Bold move for Hyatt to create a bigger presence in India. More to come as to whom are Hyatt planning to partner with for the development of these hotels.
First Seen: AP via Business Wire
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