Hotel chain Hyatt bets on India's population boom to fuel growth

Praveen Paramasivam

Thu, Apr 10, 2025, 5:34 PM 2 min read

By Praveen Paramasivam

(Reuters) - Hyatt Hotels is betting connected India's rising colonisation and user spending powerfulness to assistance the U.S. edifice concatenation support up gross maturation successful the double-digit percent scope successful the Asian state this fiscal year, an enforcement said.

Global edifice operators person been gathering divers spot portfolios successful the world's astir populous country, targeting its much affluent consumers, whose appetite for home question has been beardown since the relaxation of COVID curbs.

Hyatt, which has astir 325 of its much than 1,400 hotels successful Asia Pacific, is looking to grow successful the region, and "India is simply a large portion of that," Carina Chorengel, a elder executive, told Reuters connected Wednesday.

Hyatt said it plans to unfastened six hotels successful India, location to astir 1.4 cardinal people, this twelvemonth including successful smaller cities from bluish Ghaziabad to confederate Kochi.

Within 5 years, it is readying to treble its edifice number successful India to 100, Hyatt said.

Many planetary brands, from fast-food edifice operators to apparel sellers, person been downplaying the caller slowdown successful Indian user spending to treble down connected the state to pat its increasing mediate people successful the longer term.

India's increasing population, accelerated urbanization with much radical moving to its cities and their tendency to question much are the cardinal reasons Hyatt is focusing much connected India, Chorengel said.

The edifice concatenation would besides station gross maturation successful the double-digit percent scope successful India successful fiscal 2026, aft signaling akin maturation successful erstwhile years, said Sunjae Sharma, managing manager of India and Southwest Asia astatine Hyatt.

Late past year, rival Hilton Worldwide said it plans to quadruple the fig of edifice rooms successful its India pipeline successful 5 years.

(Reporting by Praveen Paramasivam successful Chennai; Editing by Maju Samuel)