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Marriott Plans 12 Hotel Openings in India in 2024, Shimla to Get a Ritz-Carlton in 2029

Marriott's hotel growth in India shows it is thinking strategically about India's growth, offering options for different budgets. The hotel chain is making sure it covers all the bases and includes everyone as it expands.

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Marriott International aims at double digit growth; expansion in tier 2 and 3 cities

Marriott International aims at double digit growth; expansion in tier 2 and 3 cities
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Marriott International aims at double-digit growth; expansion in tier 2 and 3 cities

Marriott International aims at double-digit growth; expansion in tier 2 and 3 cities
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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High on hotels: A gold rush starts as businesses find room for growth

The hospitality sector in India is attracting a diverse range of investors, including book publishers, car dealers, and school owners, in addition to industrial groups. The increased interest is driven by the country s growing economy and high demand for hospitality services. Hotel companies are also expanding to meet the surge in demand, while standalone properties in non-metro areas are being acquired by hotel chains. Factors such as the rise of travel as a lifestyle trend, improved infrastructure, and changing social norms are contributing to the long-term growth potential of the hospitality sector in India.

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Businesses looking to diversify find room for growth in hospitality space

Entrepreneurs from various industries in tier-2 and -3 cities in India are entering the hospitality sector, diversifying their business portfolios. Sharad Agarwal, franchisee owner of Delhi Public School (DPS), is partnering with a luxury hotel chain to start his first hospitality venture in Siliguri. Mankind Pharma has also entered the sector with two hotels, and other companies are following suit.

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