Tourism Industry News

Global brands queue up to open more hotels in India

25/05/2010 09:31

Global hotel groups are persisting with their push into India, encouraged by the resilience of its economy and the shortage of hotel rooms in a country growing at the quickest pace worldwide after China.


Canada-based Fairmont Raffles Hotels International, Thailand’s Amari Group, Luxe Worldwide Hotels, Zurich-headquartered Mövenpick Hotels and Resorts, and luxury hotel brand Waldorf Astoria Hotels and Resorts all have plans to enter or extend their business in India through the addition of five-star properties.


The country’s hospitality business needs investments of Rs60,000 crore over the next five years to meet the unmet demand of 150,000 rooms, according to a January study by the Federation of Indian Chambers of Commerce and Industry and Evalueserve.


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