9 months ago
Radisson Plans to Double India Hotels to 500 by 2030 Amid Travel Boom
A big hotel company called Radisson wants to open many more hotels in India.
They currently have over 200 hotels there and plan to have 500 hotels by the year 2030.
This is because lots of people are traveling again after the pandemic, both for fun and for work.
India is a very important place for Radisson's growth.
They are opening new hotels quickly, almost two every month.
They are also working with others to help build these hotels.
Radisson sees a lot of people staying in their hotels and expects even more people to book rooms in the coming winter.
They are excited about growing in India because many people are looking for places to stay for weddings and business events.
Radisson Hotel Group aims to reach 500 hotels in India by 2030, more than doubling its current presence.
India is a key growth market for Radisson, fueled by a surge in domestic travel and demand for business and leisure stays post-pandemic.
The company is opening nearly two new hotels each month, supported by infrastructure growth and improved travel sentiment.
Demand is strong across business and leisure, with occupancy rates around 70% and an expected 5-9% increase in winter bookings.
Radisson is utilizing an asset-light model, partnering with investors to accelerate expansion, and recently signed a 340-room Radisson Collection in Navi Mumbai.
- Who
- Radisson Hotel Group
- What
- Plans to expand its presence to 500 hotels in India by 2030.
- Where
- India
- When
- By 2030
- Why
- Driven by a post-pandemic travel boom, surging domestic travel, and growing demand for business and leisure stays, including the wedding and MICE segments.
Key facts
- Current Hotels
- 212 (in operation and under development)
- Target Hotels by 2030
- 500
- Expansion Rate
- Nearly two new hotels per month
- Occupancy Rate
- Around 70%
- Expected Winter Bookings Increase
- 5% to 9% year-on-year
- Expansion Model
- Asset-light, partnering with institutional funds and HNIs
Quotes
KB Kachru
Chairman of South Asia at Radisson Hotel Group
“We have seen huge growth post-COVID-19. We already have 212 hotels in operation and under development. Our ambition is — and we are working towards it — to have 500 hotels by 2030.”
CNBC TV 18
“There’s a huge focus on the wedding market and MICE, and with the government establishing large convention centres, that will help hotels in a big way.”
CNBC TV 18
Sources
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